The subjectivist theory holds that the good bears no relation to the facts of
reality, that it is the product of a man’s consciousness, created by his
feelings, desires, “intuitions,” or whims, and that it is merely an “arbitrary
postulate” or an “emotional commitment.”
The intrinsic theory holds that the good resides in some sort of reality,
independent of man’s consciousness; the subjectivist theory holds that the good
resides in man’s consciousness, independent of reality.