ETHC 3P82 Lecture Notes - Autocracy, Fiduciary, Externality

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12 Mar 2013
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Monday, feb 8 - legal and social views of the role of business in. Society, and some notes on arguing from examples in ethics. Eleemosynary institution = not-for-profit institution (e. g. church, school, etc. ; is chartered not to make profit bus to serve society in an altruistic way) Philanthropy = charity (a philantrophic person gives money to charity) Legal (and ethical) judgment - has 3 parts (at least) Fact finding: getting all the facts affecting a decision (testimonials, witnesses, etc. : deliberation: consider how facts relate to legal (and/or ethical) principles; relate the particulars of a case to the universals of rules and laws, decision. Landmark legal cases which helped to define the social role of business. Henry ford 1863 - 1947: engineer/inventor, became a powerful industrialist in modern era. In 1915 ford doubled assembly line pay, from . 50 to per day, dramatically decreasing labor turnover and actually reducing operating costs.

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