Rational beings pursue and value truth . Intellectual conduct is to be judged, accordingly, by how well it aids our pursuit of that ideal. I ask whether these platitudes mean, and whether they are true.

Truth is a value in that sense that a belief is good (or successful, or correct) just in case it is true. But it does not follow that truth is a good-making property, nor does it follow that the nature of truth explains its value. Instead, this paper argues that the nature of belief explains its value.

Ethicists and economists commonly assume that if A is all things considered better than B, and B is all things considered better than C, then A is all things considered better than C. Call this principle Transitivity. Although it has great conceptual, intuitive, and empirical appeal, I argue against it. Larry S. Temkin explains how three types of ethical principle, which cannot be dismissed a priori, threaten Transitivity: (a) principles implying that in some cases different factors are relevant to comparing (...) A to C than to comparing A to B or B to C; (b) principles of limited scope; (c) principles implying that morally relevant differences in degree can amount to differences in kind. My counterexamples employ a principle of type (c): pleasures and pains enormously different in intensity differ in kind. Temkin has also endorsed this type of counterexample, using arguments based on earlier drafts of this paper. (shrink)

A formal theory of truth, alternative to tarski's 'orthodox' theory, based on truth-value gaps, is presented. the theory is proposed as a fairly plausible model for natural language and as one which allows rigorous definitions to be given for various intuitive concepts, such as those of 'grounded' and 'paradoxical' sentences.