ADPR5910 Exam 3 Notes 2 - ADPR5910 Notes 4/7/11 Ethical...

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ADPR5910 Notes 4/7/11 Ethical Theories - Golden Mean (Aristotle) o Moderate stance between 2 extremes o Wisdom, Justice, Moderation, Courage - Utilitarianism o Greatest good for the greatest number o Assume ethical acts have good consequences o Ends justify the needs o Societal impact o Problem: tyranny of the majority - Deontology o Universe rules - Situational ethics o Love, human welfare, happiness - Distributive Justice (Rawls) o Veil of ignorance Step behind veil equal to all make decision Put yourself in mindset that decision won’t affect you and make playing field level Protects weaker parties Step from behind it- affected by decision Make decision without knowing how it will affect oneself Make decision most fair Don’t know whether decision will positively or negatively affect you - Enlightened Self-interest o If it promotes individual’s long-term interests o An act is morally right if it best promotes long-term interests o Egoism Business Ethics
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ADPR5910 Exam 3 Notes 2 - ADPR5910 Notes 4/7/11 Ethical...

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