Something that is valuable without strings attached has intrinsic value. I find intrinsic value is far more reliable than extrinsic value, because it’s self-reliant, independent, and free of the influence of others. The opposite of intrinsic value is extrinsic value. I like “extrinsic” as a word, but don’t see it used much. What it means is the value is assigned to the item by external forces. The item is worthless on its own. Or perhaps it has a mix of intrinsic and extrinsic value, so it is simply less valuable.
One thing that’s hard to accept about intrinsic vs. extrinsic value is that it’s a sliding scale with different paradigms. Nothing is binary. Something that has intrinsic value in one context and have no value in another. You might think the item has extrinsic value, and from a completely objective perspective it might, but it’s entirely okay to call its value intrinsic for the sake of comparison.
A great example of the two types of value is money. At the extreme end we have currencies made of paper and backed by nothing more than military might. These are called fiat currencies, because they’re valuable by legislative fiat (an order). The United States …
