At my urging, MTSP (the PoT-associated discussion group) is tackling Thomas Scanlon’s book, What We Owe to Each Other. In the second chapter, Scanlon endorses the so-called “buck-passing” view of value (BP).
On this view of value, instead of value being something basic in the broadly normative realm, is a derivative property that is a function of normative reasons (or normative pressure to respond to various things in relevant ways). The ultimate normative explanatory “buck” gets passed to reasons (having reason to exhibit some response to something, there being some degree of normative pressure to do so), hence the spiffy (or annoying) name. Roughly, BP says: if X is valuable (say, impersonally valuable) then X is such that it is appropriate to respond to it in various ways (and so one faces normative pressure, of some relevant sort, to respond to X in these various ways – e.g., by caring about it, respecting it, admiring it, being in awe of it, taking steps to promote it, etc.).

