Lecture 6: Ethics Flashcards
What are normative ethics?
recognize and solve moral dilemmas through the application of three main moral philosophy theories
What are descriptive ethics?
understand why people do good or bad things
What is ethics management?
apply instruments to help people solve moral dilemmas and act accordingly.
What are the five steps of the morality ladder?
- Philantrophy: How do I serve others?
- Ethics: What is good? What should be done?
- Conformity: What do others expect?
- Compliance: What do laws and regulations require?
- Egoism: What is most profitable for me?
What are the three levels of applying business ethics?
- Individual, group and professional ethics
- Organizational ethics
- Economic ethics
What is consequentialism?
effect of behavior determines moral content. Actions are morally required when expected effects lead to maximum outcome.
What are the advantages of consequentialist theories?
- Fits with reasoning in market
- Application in political context
- Application in science
- Application in personal live
What are the disadvantages of consequentialism?
- Practical: the problem of measurement
- Practical: the problem of comparison
- Fundamental: Problem of justice
- Fundamental: problem of rights
Four propositions of consequentialism?
- Consequentialism
- Hedonism
- Maximalization
- Universalism
What is deontological ethics?
morality of act is determined by nature of the act: obligation to behave in accordance with certain principles. Appeal to reason and categorical imperative Advantages: clarity and consistency.
What is the categorical imperative?
would you want you action to become universally lawgiving? If you don’t wish for everyone to take that action, you shouldn’t take it yourself.
What are the problems of deontological ethics?
- Black-white
- How to deal with conflicting rights?
- Effects are not taken into account
- Attitudes are not taken into account
- Cannot deal with altruism
what is the central premis of Rawls’ theory of justice?
principles described in a contract that is defined behind a veil of ignorance are just.
What are the principles of justice?
- Each person has an equal right to most extensive basic liberties compatible with similar liberties for all
- Social and economic inequalities are arranged so that they are both
- Conditioned for fair equality of opportunity
- To the greatest benefit of the least advantaged.
What are the virtue ethics?
judges decisions as right that are taken based on a virtuous mind-set and congruent with an ethically responsible life.
