 Rand holds that there is a widespread tendency to ignore the third category or to assimilate it to the second, thus setting up a false dichotomy between the intrinsic and the subjective. On Rand’s view, many of the fundamental questions of philosophy, from the existence of universals to the nature of value, involve fruitless debates over the false alternative “intrinsic or subjective?” in cases where the phenomenon in question is neither intrinsic nor subjective, but rather objective.