B A 300 Chapter Notes - Chapter 2: Equal Opportunity, Social Contract
Document Summary
Decision-making in business - balancing act between ethics, incentives, and institutional arrangements. People should give due regard to fundamental equality, but we each live through our own perspective. Egalitarians - tend to embrace a division of labor between ethics, incentives, and institutions, and focus on the role of institutions. When ethics and incentives conflict, one solution is too change the institutional rules to diffuse the conflict. Institutional reform impartially emerges form an essential aspect of the human and that it naturally seeks expression through the institutions under which we live. As an account of ethics places more demand son the individual, these demands must be thin enough to be psychologically reasonable to follow from a personal perspective. Nagel believes that people often recognize demands of ethics that they are probably unable to live by. Focuses attention on the radical implications of ethics and the crucial role of institutions for protecting and promoting equality.
