Synopsis It is the Author's contention that both the state of valuelessness in modern times, and the crisis in the social sciences demand a restatement of value theory, based on new theoretical, experiential and empirical developments in the various branches of human knowledge concerned with value. Values are derived from life, from environment, from self, society and culture, and above all from human existence and experience. Cultural, anthropological and sociological studies have now considerably extended our knowledge of value phenomena and value systems, and of the conditions in which these have arisen. But in Dr. Mukherjee’s view there is unfortunately a complete neglect of causal analysis, largely because values are regarded as highly subjective, relative and non-measurable. Dr. Mukherjee aims at a logical, philosophical and unified treatment of man’s complex values and experiences that are distinguished at their successive dimensions, orders or stages of human adjustment. He is concerned with both the roots and the flowering of the value system, with the demands of finite human nature and with those deriving from its profound affinities with the infinite. It is from man’s total context, human and ultra-human, that he selects and orders his hierarchy of goals and values.