I will discuss what kinds of values exist, before talking about their hierarchy. Walter Goodnow Everett classified values into the following eight categories; (1) economic values, (2) bodily values, (3) value of recreation, (4) value of association, (5) character values, (6) aesthetic values, (7) intellectual values, (8) religious values.
Everett's classification does not cover all the values in our life. To this we can add political values, social values, legal values, cultural values moral values, educational values, scholastic values, industrial