The oldest definition [of good] was this: the noble, the mightier, higher-placed and high-minded held themselves and their actions to be good of the first rank in contradistinction to everything low and low-minded. Noble, in the sense of the class-consciousness of a higher caste, is the primary concept from which develops good in the sense of spiritually aristocratic. The lowly are designated as bad (not evil). Bad does not acquire its unqualified depreciatory meaning till much later. In the mouth of the people it is a laudatory word; the German word schlecht is identical with schlicht (cf. schlechtweg and schlechterdings).

p. 30 - An Essay on Aristocratic Radicalism (1889)