This is a complex argument about the history of transformations in value through the rise of modern liberalism. I argue that there are several contradictions that emerge from these transformations. I argue that these contradictions emerge as double effects of liberalism, in tension with the project of liberalism and thriving in spite of it. My data are the theories of Thomas Hobbes and the interpretations of his work. Hobbes is a good datum for the project because he is representative of several of these transformations in value due to the time when and concepts with which he writes. I conclude that these transformations have negatively affected the quality of our theory and negatively effected our ability to theorize.