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Ladies.Be it so, And if our levity disvalue vows, Or what may most oblige us: may like censure Impeach our perish'd honours.

Various meanings of the word sentiment—Sentiment as activity— Identification of sentiment with economic activity—Critique of hedonism—Sentiment as concomitant of every form of activity—Meaning of certain ordinary distinctions of sentiments—Value and disvalue: the contraries and their union—The beautiful as the value of expression, or expression without adjunct—The ugly and the elements of beauty that constitute it—Illusion that there exist expressions neither beautiful nor ugly—Proper aesthetic sentiments and concomitant and accidental sentiments—Critique of apparent sentiments.

Value is activity that unfolds itself freely: disvalue is its contrary.

We will content ourselves with this definition of the two terms, without entering into the problem of the relation between value and disvalue, that is, between the problem of contraries.

The disvalue would become nonvalue; activity would give place to passivity, with which it is not at war, save when there effectively is war.