phil 1273 midterm 2 study guide.docx

phil 1273 midterm 2 study guide.docx - KEY TOPICS AND IDEAS...

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KEY TOPICS AND IDEAS FOR SECOND MIDTERM Readings Morality & Markets (General) o Sandel, Ch. 3 o Sandel, Ch. 4 o Srinivasan o Hausman & McPherson Morality & Markets (CSR) o Friedman o Stone o Freeman Theories/Views Traditional/Radical Pro-Market View Libertarianism Shareholder Primacy Theory of Corporations Stakeholder Theory of Corporations Narrow View of Corporate Social Responsibility Welfare Economics Welfare Economics Argument o Principle of Minimal Benevolence “All things being equal” o Pareto Improvement o First Welfare Theorem Criticisms (General) o Short vs. Long-Term Preferences o Morally bad preferences o Inappropriate Markets o Injustice Criticisms (Hausman & McPherson) o Smuggled moral assumptions o Cash/In-Kind Aid o Problem of false beliefs o Not all preferences should be satisfied Libertarianism Lexical priority of freedom/individual rights o Self-ownership Minimalist State: “Courts & Cops”
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  • Fall '13
  • Corporate social responsibility, shareholder primacy view, Primacy View of Corporation

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