BUS 223 Lecture 6: BUS223 Test 2
30 Nov 2016
School
Department
Course
Professor
Document Summary
3 ethical ways of thinking about ethics: utilitarianism, principle-based/ rights-based, virtues/ characters. Ex: claire may have found the bonuses distasteful, while you found them well deserved. Frameworks; pick out important elements of human experiences. Utilitarianism: ethical tradition that directs us to decide based on an overall consequence of our acts. Principle- based framework: direct us to act on the basis of moral principles such as respecting human rights. Virtue ethics: directs us to consider the moral character of individuals and how various character traits can contribute to, or obstruct, a happy and meaningful human life. We should promote good consequences and avoid bad ones, for all concerned in the long run- happiness is good; pain is bad) Children are in positions of absolute poverty, employing them provides income. Utilitarianism is a key argument of markets and utility. Voluntary transactions make both parties better off; outcomes matter. Holds that all people act only from self-interest.
