Objectivism derives its name from the idea that both knowledge and values are objective: neither intrinsic nor subjective. According to Rand, concepts and values are not intrinsic to external reality, nor are they created by the thoughts one has. Rather, valid concepts and values are, as she wrote, "determined by the nature of reality, but to be discovered by man's mind."[3]
Rand chose Objectivism as the name of her philosophy, saying her ideal term to label a philosophy based on the primacy of existence, Existentialism, had already been taken.[4] The word is capitalized to distinguish it from other philosophical positions to which the term "objectivism" has been applied.
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