 We have assumed that there are worldly states of affairs and properties, and we take it that there are normative truths, but this does not force us to the conclusion that there are normative states of affairs and normative properties. Normative objectualism holds that there are such things, but normative conceptualism holds that normativity lies in the realm of thought rather than in the realm of reality that we represent in our thought. Objectualism holds that there are states of affairs and properties that instantiate the normativity property (or one of the normativity properties), whereas conceptualism denies this and holds that it is only concepts and propositions that are normative. Conceptualist theories agree that there are normative truths, but deny that any states of affairs or properties are normative