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Examines the subject “How can we study value systems from a systemic angle of incidence?”, based on the philosophy developed by Bunge through his treatise on basic philosophy. Develops a conceptual model for the value system, consisting of the following entities: wellbeing, needs and wishes, values, moral codes and action. Discusses each element of the model from a systemic angle of incidence. The ethical norm expressed is referred to as systemic principle of balance and can be expressed in the following way: the wellbeing of those most subject to suffering in the social system should be given number one priority, despite the fact that wellbeing of the majority will deteriorate as a result of this priority.

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