ECON111 Lecture Notes - Lecture 5: Immanuel Kant, John Stuart Mill, Jeremy Bentham
Document Summary
Ethics is the study of the moral rules and principles that we use to make decisions about what is right and wrong, or good and bad. Two prominent ethical approaches are: consequentialism and deontology. Consequentialism proposes that one should judge things morally by their intrinsic value and by the value of their consequences (therefore) one must first decide what is intrinsically valuable (hausman & mcpherson, 2006, p. 99). In other words, actions or decisions are judged solely by the consequences they generate in the pursuit of a particular value. The more good consequences an action generates the better the action. Deontology proposes that actions are right or wrong in themselves regardless of their consequences. Consequently, people have a duty to act according to particular rules irrespective of the consequences. The founder of deontology was immanuel kant (1724 . In other words, the end can never justify the means and.
