This paper is concerned with the attempt to base a general theory of value on an idealist metaphysics. The most explicit and fully developed instance of this approach is, of course, found in Kant, on whom I shall concentrate, though I will also suggest that the account I offer of Kant has application to the later German idealists. While the core of the paper is devoted to commentary on Kant, what I thereby wish to make plausible is the idea that Kant's endeavour to base a general conception of value on an idealist metaphysics is of contemporary, not merely historical, interest. Specifically, my suggestion will be that a correct understanding of what is demanded by our ordinary, pre-philosophical grasp of value shows there is reason to think that something along the lines of Kant's transcendental idealism (or, like absolute idealism, developed from it) is required for a fully adequate metaphysics of value. Essential to the case I will make is a distinction between Kant's moral theory and his broader account of value, my claim being that, whether or not Kantian moral theory is ultimately dependent on any metaphysics, the broader conception of value to be found in Kant cannot be detached from his doctrine of transcendental idealism.