Examines the subject ''How can we study value systems from a systemic
angle of incidence?'', based on the philosophy developed by Bunge thro
ugh his treatise on basic philosophy. Develops a conceptual model for
the value system, consisting of the following entities: wellbeing, nee
ds and wishes, values, moral codes and action. Discusses each element
of the model from a systemic angle of incidence. The ethical norm expr
essed is referred to as systemic principle of balance and can be expre
ssed in the following way: the wellbeing of those most subject to suff
ering in the social system should be given number one priority, despit
e the fact that wellbeing of the majority will deteriorate as a result
of this priority.