This paper deals with J.L. Austin’s conception of illocution and some of its philosophical implications as to value judgments and social ontology. It is argued that according to Austin, illocutionary acts have conventional effects, and that conventional effects are defeasible and depend upon intersubjective agreement. In support of the claim that all illocutionary acts have conventional effects, it is explained how illocutionary effects can be described and this mode of description is applied to Austin’s classes of illocutionary acts. Then, the implications of Austin’s classification of illocutionary acts for value judgments are discussed and it is claimed that Austin challenges the fact-value dichotomy by assimilating statements of fact to...