MGMT 341 Study Guide - Spring 2018, Comprehensive Midterm Notes - Utilitarianism, Spa Town, Market Failure
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Both want same things, but they disagree on how. Ratio(cid:374)i(cid:374)g (cid:271)(cid:455) pri(cid:272)e is always the efficient way of doing this. (cid:863) economist tim worstall: morally wrong because of the situation. During times of emergency this often means bringing in supplies from less-affected areas, often at a high cost and great perso(cid:374)al risk. O(cid:373)e people do do(cid:374)ate their ti(cid:373)e a(cid:374)d resour(cid:272)es to i(cid:374)(cid:272)rease suppl(cid:455) (cid:449)here it"s (cid:374)eeded, (cid:271)ut (cid:373)a(cid:374)(cid:455) others do(cid:374)"t ha(cid:448)e the financial means to do so. People in the latter group (cid:449)ho (cid:449)a(cid:374)t to help should(cid:374)"t (cid:271)e de(cid:373)o(cid:374)ized for raisi(cid:374)g pri(cid:272)es to re(cid:272)oup their higher (cid:272)osts. Normative: value monism, sensitive to context rigid thinking reasonable pluralism. Moral skepticism: denies that ethics has to do with business at all inherently greedy, win/loss tends to be incoherent, empirically false. Role of morality: morality is not a general thing, is the different perspectives about the world that are based in moral decision.
