Lecture 1-Sept 13th – Introduction, Virtue Ethics, Deontology

Lecture 1-Sept 13th – Introduction, Virtue Ethics, Deontology

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PHIL 215 Midterm worth 45%, Take-home Final worth 55% Don't have to buy the book. Attend lectures and it's hard not to do well. Lecture #1 Why do we care about ethics? Generally, good ethics lead to good business. Madoff - Ponzi scheme (Pyramid Scam) "147 years sentence" - middle class - wanted to go to upperclass - considered working legitimately vs. going with a scam. - saved up $60k initial sum - went to a couple of "suckers", billy and sally who each have $100k to start with. - (S&P 500 is about 6.5% over the past 100 years) - on Jan 1st, invest 100k from billy and sally. - on Dec 31st, pays out 30k each to billy and sally. - On the next year, Madoff asks each of billy and sally to get 2 more friends - On the next year, Madoff has 600K from 6 ppl, and only has to pay out 30k x6 - His son turned him in. What does it mean to behave ethically? - To gain insight from the 5 theories: (all have strengths, but all have flaws) 1. Virtue 2. Deontology 3. Consequentialism 4. Rights based 5. Feminism We shall use a plural of these above, because: 1. Wisdom of multiple advisors 2. Wisdom of NOT going with your gut (instincts/intuition are usually from your earliest upbringing - parental, religious, etc - conditioned to simply be most comfortable) 3. Minimize chance of getting in trouble 4. “Chain vs. Table” Chain approach: start with some premise and slowly build, one chainlink at a time, to some conclusion. However, this is a bad argumentative strategy because it's only as strong as its weakest link. Putting all your eggs in one basket is not a good strategy.
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Table approach: surface of the table is the conclusion, and the table's legs are the premises.
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