 Meinong’s early theory of value is influenced by Carl Menger’s subjectivist interpretation of value in economics as something that is not inherent in the goods but determined by people’s subjective valuation. According to Menger (1871, Chapt. 3, §1), values are not independent real things which exist outside the consciousness of men; value is rather the importance [Bedeutung] that people attribute to something to the extent that it satisfies their needs. Meinong criticises and modifies, generalizes and extends that view. He is not only concerned with economic value but with value in general, and he tries to apply general value theory to other fields than economics, for instance to ethics and aesthetics. Already in his early courses on practical philosophy, Meinong bases ethics mainly on general value theory and value theory on psychology. 