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 mean either (1) that while both are positively good, the first is better; or (2) that while the first is positively good, the second is neither good nor bad, but indifferent; or (3) that while the first is positively good, the second is positively bad; or (4) that while the first is indifferent, the second is positively bad; or (5) that while both are positively bad, the first is less bad than the second. We should, in common life, say that one thing was “better” than another, whenever it stood to that other in any one of these five relations. Or, in other words, we hold that among things which stand to one another in the relation of better and worse, some are positively good, others positively bad, and others neither good nor bad, but indifferent. And our theory holds that this is, in fact, the case, with things which have a place in the scale of intrinsic value: some of them are intrinsically good, others intrinsically bad, and others indifferent. And it would say that a whole is intrinsically good, whenever and only when it contains an excess of pleasure over pain; intrinsically bad, whenever and only when it contains