There are, in essence, three schools of thought on the nature of the good: the
intrinsic, the subjective, and the objective. The intrinsic theory holds that
the good is inherent in certain things or actions as such, regardless of their
context and consequences, regardless of any benefit or injury they may cause to
the actors and subjects involved. It is a theory that divorces the concept of
“good” from beneficiaries, and the concept of “value” from valuer and
purpose—claiming that the good is good in, by, and of itself.