The Will to Power as Principle of a New Valuation
“We shall focus on what Nietzsche planned to say in Part III under the title “Principle of a New Valuation,” according to the arrangement discussed above. Evidently, Nietzsche wanted to express the “new,” his own “philosophy” here. If Nietzsche’s essential and sole thought is the will to power, the title of the third book immediately provides important information about what will to power is, without our yet grasping its proper essence. Will to power is the “principle of a new valuation,” and vice versa: the principle of the new valuation to be grounded is will to power. What does “valuation” mean? What does the word value mean? The word value as a special term came into circulation partly through Nietzsche. One speaks of the “cultural values” of a nation, of the “vital values” of a people, of “moral,” “aesthetic,” religious” “values.” One does not think very much about these phrases–even though they are supposed, after all, to contain an appeal to what is supreme and ultimate.