We have reached a conclusion as to our first inquiry (p. 201), and have decided that the appropriate subject-matter of moral judgment is the disposition of the person as manifested in the tendencies which cause certain consequences, rather than others, to be considered and esteemed--foreseen and desired. Disposition, motive, intent are then judged good or bad according to the consequences they tend to produce. But what are the consequences by which we determine anything to be good or bad? We turn from the locus or residence of the distinctions of good and bad to the nature of the distinctions themselves. What do good and bad mean as terms of voluntary behavior? =Happiness and Misery as the Good and Bad.=--There is one answer to this question which is at once so simple and so comprehensive that it has always been professed by some representative ethical theory: the good is happiness, well-being, pleasure; the bad is misery, woe, pain.[134] The agreeableness or disagreeableness attending consequences differentiates them into good and bad; and it is because some deeds are found to lead to pleasure, while others lead to pain, that they are adjudged virtuous or vicious. In its modern form, this theory is known as utilitarianism. Bentham has given it a sweeping and clear formulation. "Nature has placed mankind under the governance of two sovereign masters, pain and pleasure. It is for them alone to point out what we ought to do as well as to determine what we shall do. On the one hand, the standard of right and wrong, on the other chain of causes and effects, are fastened to their throne." "Strictly speaking nothing can be said to be good or bad but either in itself, which is the case only with pain or pleasure; or on account of its effects, which is the case only with things that are the cause or preventive of pain or pleasure." Again: "By the principle of utility is meant that principle which approves or disapproves of every action whatever according to the tendency it appears to have to augment or diminish the happiness of the party whose interests are in question."[135] Once more: "The greatest happiness of all those whose interest is in question is the right and proper, and the only right and proper and universally desirable end of human action." "Only on the basis of this principle do the words 'right and wrong' and 'ought' have an intelligent meaning as applied to actions; otherwise they have not." This last statement need not mean, however, that all judgments of right and wrong are as matter of fact derived from a consideration of the results of action in the way of pain and pleasure, but that upon this ground alone _should_ our judgments be formed, since upon this basis alone can they be justified.[136]