In this paper, I investigate David Hume’s theory of well-being or prudential value. That Hume was some sort of hedonist is typically taken for granted in discussions of his value theory, but I argue that Hume was a hedonist of pathbreaking sophistication. His hedonism intriguingly blends traditional hedonism with a form of perfectionism yielding a version of qualitative hedonism that not only solves puzzles surrounding Hume’s moral theory, but is interesting and important in its own right