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MGMT 1040 (37)
Chapter

3.docx

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Department
Management
Course Code
MGMT 1040
Professor
William(bill) Woof

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Chapter 3: Moral Analysis and Legal Requirements  Question: How do we find an equitable, fair­to­all balance between financial performance  and social performance when faced with those conditions then how do we logically  convince others to both understand and accept that balance?  Hobbes proposed that men and women were supposed to obey the law and it was up to  the government authority to set the law. Even if they do not like the law, you have to  accept them.  If humans continue to look over their self­interests, the result will be chaos  because: • Equal Ability: there is equality in ambition, therefore, there is a struggle for  everyone to acquire material wealth and personal safety  • Continual War: as individual struggles continue this leads to war • Depressed Economy: if every man only looks out for themselves, there is a lack  of security  • Proposed Solution: to stop this continual cycle, Hobbes says it is necessary to  look at the “Natural Laws” o Men who seek to gain benefits will be in continual war will use all their  means available to them o In order for peace to be established, men must surrender their rights to a  central authority  Social Contract:  all laws should reflect what people living in a state of nature would  accept as the governing rules of society. It lacks knowledge of self­interests.  • It is the way society should theoretically distribute all resources because it is the  way that has been determined to be best for all when we are all equal in position  and property.  • Veil of Ignorance: an advantage of the Social Contract that forces people to think  about issues from different perspectives (which represents the interests of the full  society).  • The primacy of community is the reason why legal requirements exist and can be  applied in moral analysis.  Law:  consistent set of universal rules that are widely published, generally accepted and  usually enforced. Defines what you theoretically must do.  • Consis
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