It is necessary for our purpose only to suggest, for purposes of identification, a brief description of the value-consciousness, and to indicate its place in the process of reflective thought. The consciousness of value may best be described, by way of first approximation, in the language of the Austrian economists as a sense of the "importance" to oneself of a commodity or defined moral purpose. It belongs to the agent's attitude of survey or recapitulation which ensues upon the completion of the judgment-process and is mediated by attention to the ethical or economic object in its newly defined character of specific conduciveness to the well-being of the self. The commodity, in virtue of its ascertained physical properties, is adapted to certain modes of use or consumption which, through valuation of the commodity, have come to be accepted as desirable. The moral act likewise has been approved by virtue of its having certain definite sociological tendencies, or being conducive to the welfare and happiness of a friend. Thus commodity or moral act, as the case may be, has a determinate complexity of meaning which has been judged as, in one sense, expansive of the self, and the value-consciousness we may identify as that sense of the valued object's importance which is mediated by recognition of it as the bearer of this complexity of concrete meaning. The meaning is, as we may say, "condensed" or "compacted" into the object as given in sense-perception, and because the meaning stands for expansion of the self, the object in taking it up into itself receives the character of importance as a valued object.