PHI 2397 Lecture Notes - Lecture 3: Informed Consent, Epicurus, Making Money
25 Jul 2018
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Document Summary
Business = is whenever you offer a product or service to another. Ethics = the art and science of decision making. Capitalism is the best system because it brings about the better good. (utilitarian) Capitalism revolves around the delivery of the goods, not on the pro t. Capitalism is designed and built by the lowest bidder. Rockney jacobsen - standard of living and quality of life. Epicurus said if you want a high quality of life you need: (1) friends (2) standard of living that you are comfortable with (3) freedom. Temperature of the water = delivery of the goods. Reading of the gauge = the amount of pro t. 99% - are at stagnant level of quality of life. Trickle-down argument = when big businesses make a lot of money, it can be invested oversea. It makes jobs in other countries, not locally. Small businesses is what helps build up the middle-class.
