Abstract
Quest after values and their realization constitute innate necessity for human being. This presupposes knowledge of Reality and knowledge of the value-schema. In this context, a distinction can be drawn between descriptive awareness of Reality and prescriptive awareness of Values. For the latter, the pῡrva mimāmsā system postulates ‘codanā’ as a means of knowledge. In Indian Culture, two types of values are enunciated, viz. preyas and śreyas. The Taittirῑya upaniṣad puts forth a five-dimensional theory of human constitution and accordingly advocates a fivefold value-schema. In general, theory of puruṣartha has been accepted by all the cultural traditions of India with variant details. It would be interesting and enlightening to discuss different aspects and issues concerning this theory. Knowledgeable scholars may delineate on related issues as well.