ECON231 Lecture Notes - Lecture 13: Virtue Ethics, Invisible Hand, Immanuel Kant

• School: University of Waterloo
• Department: Economics
• Course: ECON231
• Professor: Vivian Yang

Document Summary

Objectives for the week 2: differentiate moral theories, al(cid:271)ert carr"s argu(cid:373)e(cid:374)t fro(cid:373) a(cid:374)alog(cid:455, 3 pro(cid:271)le(cid:373)s (cid:449)ith carr"s argu(cid:373)e(cid:374)t. O(cid:374)e"s e(cid:272)o(cid:374)o(cid:373)i(cid:272) freedo(cid:373) is influenced by wealth and lots of wealth gives the rich more political power which is not fair. Na (cid:448)e (cid:272)o(cid:374)(cid:272)eptio(cid:374): is (cid:374)ot freedo(cid:373) as o(cid:374)e perso(cid:374) (cid:272)a(cid:374) take a(cid:449)a(cid:455) so(cid:373)eo(cid:374)e else"s freedo(cid:373). E(cid:454): o(cid:373)eo(cid:374)e who is free takes away your freedom by locking you in a room thus inducing violence. Neo-roman conception: i am free as i am not under the will of another person. Liberal conception: i am free insofar as there are no constraints on me. 2 types of liberal constraints: moral, legal. Prudence: looki(cid:374)g after (cid:455)our o(cid:449)(cid:374) i(cid:374)terests prude(cid:374)tial uses (cid:862)should(cid:863) (cid:271)ut the (cid:862)should(cid:863) is (cid:374)ot a moral distinction/shift i. e. self needs. Prudential reasoning is not a moral reasoning as it only suits 1. Ethical: atisfies (cid:449)hat is right (cid:449)hether it is o(cid:374)e"s perso(cid:374)al self i(cid:374)terest. E(cid:454): (cid:449)it(cid:272)h e(cid:373)pt(cid:455) (cid:272)offee (cid:449)ith toddler"s i(cid:272)e (cid:272)rea(cid:373)