MGMT 1040 Chapter Notes -Psychological Egoism, Egotism, Immanuel Kant
18 Mar 2014
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Moral issues in business: chapter 2 normative theories of ethics: chapter discusses normative perspectives and rival ethical principles that are our heritage. Problems with egoism: psychological egoism is not a sound theory. Many critics of egoism as an ethical standard contend that it misunderstands the nature and point of morality. Morality serves to restrain our purely self-interested desires so we can all live together. If our interests never came into conflict that is, if it were never advantageous for one person to deceive or cheat another then we would have no need for morality: ethical egoism ignores blatant wrongs. All such actions are morally neutral until the test of self-interest is applied. Is the moral doctrine that we should always act to produce the greatest possible balance of good over bad for everyone affected by our actions: good , utilitarians understand happiness or pleasure.
