lOMoARcPSD|3286426 Ethics Theories Summary Ethics & Social Responsibility (Singapore Management University) StuDocu is not sponsored or endorsed by any college or university Downloaded by Jee Jee (jeevansangker1996@gmail.com) lOMoARcPSD|3286426 Structure of answer: Issue, Rules, Analysis, Conclusion Theories Utilitarianism Kantian Evaluate Greatest good for the greatest no. of people Deontology: One must act from moral duty – not in conformity with moral duty No concept of justice Invisible Hand Theory (Free & competitive mkts are best means for attaining U goals) Categorical imperatives: 1. Principle of Universality (No double standards) 2. Principle of humanity – basic human rights (treat person as an end and never as a means only) Both principles must be satisfied Limitations Difficult to exhaust the range of ethical concerns / consequences Does not account for justice (fairness in distribution) Moral actor can’t make interpersonal comparisons of utility Focuses on motives instead of consequences Does not allow for exceptions Theories of Justice - Aristotle Justice Theories of Justice - Rawlsian Justice (Egalitarian) Original Position: Decision makers behind a veil of ignorance (do not know the specific details of their own life) 1. Distribution justice (distributions of benefits & burdens) – justice as an equality in ratio Principles: 1. Equal right (Benefit & burdens of a society should be distributed equally) 2. Unequal distribution could be justified if it would benefit the least advantaged members of the society, to give them equal opportunity 2. Compensatory justice (compensate person for wrongs done to them) – restores them to original position, focuses on victim 3. Retributive justice (punishment of wrongdoers) – restores moral equilibrium by focusing on wrongdoer Difficult to discern the mean Entitlement Th. Principles: 1. Principle of Just Original Acquisition 2. Principle of Just Transfer 3. Principle of Rectification No obligation for rich to assist poor – does not promote equality but to protect rights (free market) Accounts for historical events affecting an existing distribution How far should we go to the past Requires judgment or practical wisdom Virtue Ethics – Aristotle & Solomon Focus on who that person is (personal character, actions or practices) rather than pure knowledge moral characteristics (virtues) Objective of achieving human happiness is based on virtuous activities (habitual actions) generated over one’s lifetime Ethics of Care Confucian Ethics Moral Relativism Based on virtue such as empathy, compassion, love and friendship (partial in treatment towards persons he has special affectionate relationship with) Individuals are to cultivate benevolence or ren Dependent on moral views of the individual / culture Altruism (love neighbour as himself), kinship based and social hierarchy Issue-dependent Relational and interdependent Do not believe in treating everyone equally (dependent on relationship between parties, familial priority) Advocates building concrete cooperative relationships Feminist approach Virtue lies in a mean that is relative to us and determined by a rational principle (subjective judgement) BUT some actions are evil in themselves and not subjected to mean. Does not provide straightforward rules for determining right actions in a particular situation First mover disadvantage (Applying Kantian ethics disadvantages some people) Looks at the specifics of situation to promote the needs and interest of that community BUT there are objective moral values and duties that transcend cultures; min standards (unethical practices that cannot be justified by any ethical viewpoints) Involves compassion for others, devotion to parents or elders, reconciling one’s own desires with the needs of one’s family and community Validates horrendous conduct Exaggeration of moral differences among societies Can’t hold societies practices as unethical Downloaded by Jee Jee (jeevansangker1996@gmail.com) lOMoARcPSD|3286426 Theories Evaluate Islamic Ethics Focus on value maximisation based on the principles of equity and justice (fair play and just dealing), instead of profit max -Distributive justice – Muslim to give up ¼ of his income wealth to benefit the poor. Against persons who mass or hoard wealth. -People ought to be trustees of the earth on behalf of God – consistent to sustainable development, the earth’s resources are for everyone’s benefit and should be utilised in a manner that conduces the wellbeing of people -No Caveat Emptor (Responsibility of the seller to tell you what is bad about something) -Prohibits Riba, the charging of interest for loans -Prohibits uncertainty / risks in contracts (conventional insurance contracts not allowed) -Prohibits speculation / gambling -Prohibits dealing in specific products and commodities such as alcohol and pork Buddhist Ethics Central tenet of Buddhism: 1.Suffering is associated with all stages of life 2.Suffering arises from desire or craving 3.Cessation of suffering (craving) 4.End suffering by the Noble Eightfold Path Happiness is attained by giving up such cravings (instead of maximisation of one’s pleasures and desires, such as in ethical egoism) Doctrine of no-self –to attain nibbana, the ‘self’ (material form, feelings, perceptions, mental formation and consciousness) should be abandoned Hindu Ethics Doctrine of karma: Human being has a free will that enables him to make intelligent choices and perform good deeds. These choices and deeds may in turn alter the manifestation of the karma. Ultimate goal of Hindu is to reduce the bad karma that he has to carry onto his next cycle of birth. Free will to make intelligent choices + do good 10 moral values of Dharma (way of life): Patience, forgiveness, wisdom, truthfulness, no stealing, learning, anger management, etc Noble Eightfold Path/ Middle Path (avoids extremes): 1.Wisdom (right view and intention) 2.Virtue (right speech, action and livelihood) 3.Meditation (right effort, mindfulness and concentration) Ethical Egoism Action is right to the extent that it is based on self-interest Ideal: Pareto Optimal Based on the idea of free market. Individuals act upon their selfinterest independently. Under this theory, decisions are ethical when individuals pursue his self-interest. Through independent pursuits of self-interest, a utilitarian outcome is achieved according to Adam Smith’s theory of free market. Thomas Freeman: Evolution of laws compelling companies to consider the interests of stakeholders – thus stakeholders and stockholders grow to become interdependent and should create value without tradeoffs between the two interests Concept of Middle Path – as long as individual is able to lead a reasonably comfortable life, he should avoid excess / overindulgence Caste system is an obstacle to business. Despite the enactment of the Protection of Civil Rights Act in 1976, discrimination against lower caste is still practiced in business arena. Limitations Principle of Double Effect An Action is justifiable if: i) The nature of the act itself is good, or at least morally neutral Externalities exist since not all goods (include. air quality, noise etc. can be traded), market is not efficient otherwise government intervention will not be necessary Conclusions: Using limitations of the theory -> which Is more applicable to real life Downloaded by Jee Jee (jeevansangker1996@gmail.com) ii) The good effects are generated from the action not from the bad effects iii)The agent intends the good effect and not the bad iv) The good effect outweighs the bad effect sufficiently so as to justify causing the bad effect