BSLW1021 Chapter Notes - Chapter 3: Robert Nozick, Categorical Imperative, Immanuel Kant
7 Feb 2017
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Ethics: a branch of philosophy that studies people"s values in relation to one another. Business ethics: the balance between ethics and profit driven markets. Insider trading for example is too much business and not enough ethics because even though it might be the most profitable way to make money it"s hard to justify the means of profit. 3. 1a the law as the standard for business ethics. Positive/codified law: testing based on the legality of an action/ also known as law created by government authority. According to codified or positive law everything that is legal is ethical. As is: meaning no warranties on a contract for a product being sold. 3. 1b notion of universal standards for business ethics. Universal ethical standards can originate from religious beliefs. Natural law: higher standard of ethics than directly written in law. People change positive law through civil disobedience in order to to include proponents of natural law in positive law.
