Much recent metaphysics is built around notions such as naturalness, fundamentality, grounding, dependence, essence, and others besides. In this article I raise a problem for this kind of metaphysics, the “problem of missing value.” I survey a number of possible solutions to the problem and find them all wanting. This suggests a return to a kind of Goodmanian view that the world is a structureless mess onto which we project our own categorizations, not something with categories already built in.

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