B-ethics study guide

B-ethics study guide - 3 approaches to ethics 1....

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3 approaches to ethics 1. Consequentialist a. Focus attention on consequence of decision or outcome b. Utilitarianism: best known consequentialist theory c. Ethical decision should maximize benefits to society and minimize harm 2. Principle (deontological) a. Deontological view: base decisions on broad abstract universal ethical principles; Duty b. Categorical Imperative: act as if thy maxim of thy action were to become by thy will a universal law c. Golden rule d. Veil of ignorance 3. Virtue: a. Focus more on integrity of the moral actor than on the moral act itself (Aristotle) b. Moral relativism c. Disclosure rule d. Allows decision maker to rely on relevant community standards without going through the complex process of trying to decide what’s right in every situation Adam Smith: The Classical View Self interest fuels everything People are productive because they are acting in their own self interest Free market creates greatest good for greatest number Division of labor Free to engage in commerce as you please, no minimum wage, little government intervention, much privatization Friedman: Free Market Market is supposed to be efficient o Lease amount of waste and good use of resources
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This note was uploaded on 04/27/2009 for the course BCOR 3010 taught by Professor None during the Fall '07 term at Colorado.

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B-ethics study guide - 3 approaches to ethics 1....

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