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good” or “good for its own sake,” except pleasure; and nothing “ultimately bad” or “bad for its own sake,” except pain.

Such is the ethical theory which I have chosen to state, because it seems to me particularly simple, and hence to bring out particularly clearly some of the main questions which have formed the subject of ethical discussion.

What is specially important is to distinguish the question, which it professes to answer in its first part, from the much more radical questions, which it professes to answer in its second. In its first part, it only professes to answer the question: What characteristic is there which does actually, as a matter of fact, belong to all right voluntary actions, which ever have been or will be done in this world? While, in its second part, it professes to answer the much more fundamental question: What characteristic is there which would belong to absolutely any voluntary action, which was right, in any conceivable Universe, and under any conceivable circumstances? These two questions are obviously extremely different, and by the theory I have