ABSTRACTThis article considers Friedrich Nietzsche’s claims about value creation alongside his proclamation that ‘nature is always value-less’, assessing their implications for his metaethics. It begins by weighing the evidence for a recent constructivist interpretation of Nietzsche’s metaethics, arguing that despite several apparent interpretive advantages, Nietzschean constructivism ultimately fails. Through a close reading of GS 301 and related passages, the constructivist interpretation is shown to be misguided in taking Nietzsche’s talk of value creation as expressing a metaethical view according to which (...) the evaluative attitudes of philosophers ground what is valuable. Against this, it is argued that GS 301 should be understood as an assertion of the status of philosophers as the causal sources of new evaluative outlooks that shape the held values of their respective cultures, a claim developed through analysis of passages in which Nietzsche discusses his ideal of the ‘genuine philosopher’ and contrasts this figure with ‘critics’ or ‘philosophical laborers’. It is next argued that, insofar as it is best understood as describing a social or anthropological phenomenon rather than a metaphysical one, GS 301 is a poor piece of evidence not only for the constructivist interpretation, but in fact for any account of Nietzsche’s metaethical position—including radical anti-realist interpretations informed by his statement that ‘nature is always value-less’. The paper then concludes by appealing to another passage, GS 55, which hints towards a very different—and plausibly realist—picture of Nietzsche’s metaethics. (shrink)