The instantiation of values

The paper argues that values are universals, either properties or relations. For the latter, instantiation is a matter of the content of the relation, the relata, and the context (the instantiation of further relations). This moderate realist conception helps us solve some notorious problems in axiology, i.e. malicious pleasure, compassion, envy, and perverted love. Another other important implication of this conception is that there is a further property, the one of being a value. It is a higher-order property which can be instantiated by relation (and property) values to various degrees. Finally, the questions of whether particularity is a value and how rarity can be a value are also addressed. The underlying ontological conception provides a sound way of finding a answer to these questions as well.