“Value Consciousness” is not commonly seen at present, so does this kind of consciousness exist? If so, we should show what it is. Just as Marx and Engels have said, “Our starting point is people who participate in real activities, and from their real life struggles, the development of reflection and echo in ideology during this life struggle can be revealed”. In the research of value consciousness, what we have found is just the “reflection and echo” of the social value life process formed in people’s minds. This “reflection and echo” includes both individual fickle emotions or personalities, and the social ideological foundation and essence, which people have usually been mystified by.