Abstract
In (Holton 1996) I argued that the account of value that Michael Smith has offered was vulnerable to a counter-example in the person of the Muggletonians. Smith argued, roughly, that what one values is what one would desire if one were fully rational. I objected that the Muggletonians held the path of Reason to be the path to evil. According to them, a fully rational person would have their desires so corrupted that they would become, quite literally, Satan. Thus they believed that their fully rational selves would have blasphemed against God; but blaspheming against God was not what they valued. Smith and Bigelow have responded to my alleged counter-example (Bigelow and Smith 1997). They object that my understanding of Smith’s position is itself over rationalistic. We shouldn’t think of the fully rational person as someone who follows the path of Reason wherever it might lead. Rather we should think that the fully rational person is someone who does what they have reason to do. The Muggletonians thought that following the path of Reason would lead them to do things that they have no reason to do; so they believed it would not be rational, in the sense relevant to Smith’s analysis, to follow that path. Hence they provide no counterexample to the analysis. This is an unpublished reply to their paper.