In the following, I want to examine the structure and the significance of the notion of value in Hegel’s philosophy of right. In the first part, I use the 1817 version to define the category itself. Hegel sees the concept of value as a formal conceptual scheme, which can be applied with full justification to the most diverse contexts. It is striking that he should use the same word, in the same structural sense, in fields as diverse as economic exchange, (...) crime and its punishment, indi-vidual action, individual worth, the social recognition of the person, and general social–cultural beliefs. Hegel deliberately exploits the full extent of the homonymy of “value,” to suggest the synonymy of its logical meaning in all these different contexts. This, however, has profound implications for the concept of value. My claim is that the homonymy of value rests on Hegel’s understanding of value as grounded in sociality. Before substantiating this claim in the conclusion, I will attempt to show, in the second part, how the definition of value found in the 1817 lectures is the counterpart in the social–philosophical of the Measure category analyzed in the Logic. In the third part, I study the different occurrences of value in the 1820 "Philosophy of Right" in order to highlight the extent of the homonymy and synonymy of the concept in Hegel’s mature thinking. (shrink)