Social Value System: A society’s value-system which is normally presupposed by those governed by it and which ultimately regulates the decision norms and goals of a society’s dominant social institutions, the individual roles within them, and the thought structures of those internalizing its regulating assumptions and conclusions.
Also referred to as “ruling value system”.
Source: ‘What is Good? What is Bad? The Value of All Values across Time, Place and Theories’ by John McMurtry, Philosophy and World Problems, Volume I-III, UNESCO in partnership with Encyclopedia of Life Support Systems: Oxford, 2004-11.