Note 40 — IV

Royce, in his World and Individual, Vol. I, chaps. 6 and 7, has criticised the conception of meaning as valid, but in a way which implies that there is a difference between validity and reality, in the sense that the meaning or content of the valid idea becomes real only when it is experienced in direct feeling. The above implies, of course, a difference between validity and reality, but finds the test of validity in exercise of the function of direction or control to which the idea makes pretension or claim. The same point of view would profoundly modify Royce's interpretation of what he terms "inner" and "outer" meaning. See Moore, The University of Chicago Decennial Publications, Vol. III, on "Existence, Meaning, and Reality."