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Axiology (from Greek ἀξιᾱ, axiā, "value, worth"; and -λογία, -logia) is the study of quality or value. It is often taken to include ethics and aesthetics[1] — philosophical fields that depend crucially on notions of value — and sometimes it is held to lay the groundwork for these fields, and thus to be similar to value theory and meta-ethics. The term was first used in the early 20th century by Paul Lapie and E. Von Hartmann.[2]
One area in which research continues to be pursued is so-called formal axiology, or the attempt to lay out principles regarding value with mathematical rigor.
The term is also used sometimes for economic value.
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