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Ethical Theories.docx

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Department
Management
Course
MGMT 1040
Professor
William(bill) Woof
Semester
Fall

Description
MGMT 1040 Thursday, November 10, 2011 Bill Woof Ethical Theories: EGOISM Consequentialism/Utilitarianism Kant “looking out for number one” “greatest good for greatest “duty for the sake of duty” number” th th th 20 Century 19 Century 18 Century Teleogical Teleological Deontological: evaluate each individual for their own merit. A posteriori (empirical) A posteriori (empirical) A priori (metaphysical) Goodness (cost benefit Goodness (cost benefit analysis) Right action analysis) Cause & effect Cause & effect Rationalism Instrumental values Instrumental values Intrinsic values Self maximizing agents  Group Utility  focus on ‘we’ Autonomous agents & all ‘me’ humanity Interests = duties Goodness = interests Interests ≠duty Proactionary principle: (free Proactionary & precaution Precautionary principle: Keynesian market theory) mindset. It is used in a situation of - permit the maximum uncertainty. Ex. GMFs altering amount of innovation genetical structures of basic foods, - burden of proof on the but is it safe to eat them? (not sceptics. Ex. if a scientist enough testing has been done) thinks a product is dangerous, - it stops innovations when we are he must prove his thinking uncertain of the benefits/harms now. - imposes a burden of proof on manufacturers (ex. blaming manufactures for GMFs)
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