The article takes up some fundamental topics of Henryk Elzenberg’s axiological and ethical thought, whose philosophical attitude was called a religion of values. Author focuses his attention especially on Elzenberg’s recognizing value as a process of giving life meaning and importance and the role of reason in intuitive cognition of value, on attempt to gain insight into world of negative values, on effort of ordering of relative values, on the process of displacing imperative function of ethics by advisory and recommending (...) function. In the end the author considers the place of transcendentalism in the ethics of Elzenberg. (shrink)