Philosophy 2730F/G Lecture Notes - Lecture 5: Deontological Ethics

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16 Oct 2012
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Lawrence Souder 10/16/2012 3:17:00 PM
Review
Deontology think the right action is the one you chose freely and
the right motive
Utilitarianism thinks the right action is the one you chose freely
and that will benefit the maximum number of people
A Free Market Model for Media Ethics
The point:
o The central elements of Adam Smith’s idea capitalism can be
replaced by analogy to serve as principles of media ethics in
democratic societies when combined with his ethical thinking
The media has ethical duties to maintain the integrity of
the system
Introduction
o As a set of private businesses, global mass media needs an
ethical system that is drawn from the ethical resources of the
“free market”
o An integrated version of Smith’s economic and ethical work
can generate that ethical system
o The financial news sector will be used as a demonstration of
the effectiveness of that model
The Free Market and Flow of Information in Democracies
The media represents a special care of economic analysis since the
search for profit is often at odds with the search for truth
Decision makers in the mass media want their own ethics system,
not the same one that applies to journalists
The basis assumption behind Adam Smith’s economic thinking is
that economic thinking is that economic systems are a mechanistic
component of a mechanistic universe
o This means these systems are predictable and can be
explained by identifying four points that are casually related
and serve as the primary, distinct elements of the closed
system:
The free market
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