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Questions and Answers

Aristotle believed that the pursuit of virtue was essential for a successful and ethical life, leading to the achievement of ______.

eudaimonia

Utilitarians assess actions based on their ability to increase ______, which is often associated with pleasure.

utility

For Aristotle, living virtuously is intrinsically valuable, whereas for Utilitarians, virtue is seen as a ______ of their actions.

consequence

Augustine's conception of free will emphasizes the capacity to choose according to one's own ______.

<p>will</p> Signup and view all the answers

Modern views of free will emphasize autonomy and the ability to determine our actions ______.

<p>independently</p> Signup and view all the answers

John Stuart Mill revised Utilitarianism by distinguishing between higher and lower ______.

<p>pleasures</p> Signup and view all the answers

Mill famously stated that 'It is better to be a human being dissatisfied than a ______ satisfied.'

<p>pig</p> Signup and view all the answers

Mill emphasized fostering ______, moral, and emotional experiences to engage human faculties.

<p>intellectual</p> Signup and view all the answers

Hobbes believed that the state of nature was a state of ______, where life was 'nasty, brutish, and short.'

<p>war</p> Signup and view all the answers

John Locke argued that the state of nature was a state of relative ______ and equality.

<p>peace</p> Signup and view all the answers

Kant's first principle is the Universal Law of ______, which requires consistency in moral reasoning.

<p>Morality</p> Signup and view all the answers

The second principle of Kant's categorical imperative is Respect for ______, emphasizing the intrinsic value of humans.

<p>Persons</p> Signup and view all the answers

Amartya Sen identifies two origins of economics: Logistics/Engineering and ______.

<p>Ethics</p> Signup and view all the answers

According to Sen, economics should address broader societal issues like inequality, freedom, and ______.

<p>well-being</p> Signup and view all the answers

The Principle of Autonomy states that every rational being is a moral ______.

<p>legislator</p> Signup and view all the answers

Rawls' difference principle attempts to address the ______ of social inequality.

<p>justice</p> Signup and view all the answers

The three defining features of Utilitarianism are: Welfarism, Consequentialism, and ______.

<p>Sum-Ranking</p> Signup and view all the answers

Welfarism focuses on promoting happiness and welfare by measuring the utility of actions based on the balance of pleasure over ______.

<p>pain</p> Signup and view all the answers

According to Kant, hypothetical imperatives are conditional and depend on personal ______ or desires.

<p>goals</p> Signup and view all the answers

Categorical imperatives represent moral duties that apply ______, regardless of personal desires.

<p>universally</p> Signup and view all the answers

Amartya Sen criticized Rawls' theory for its focus on the fair distribution of primary goods while the main goal should be the maximization of ______ or well-being.

<p>utility</p> Signup and view all the answers

In his Theory of Justice as Capabilities, Sen emphasized the importance of freedom and the ability to ______ in evaluating well-being.

<p>choose</p> Signup and view all the answers

Debra Satz defines ethical limits to markets to identify when markets are morally ______.

<p>problematic</p> Signup and view all the answers

One of Satz's principles is that some markets reinforce ______, widening existing inequalities.

<p>inequality</p> Signup and view all the answers

Market concentrations, such as ______ and oligopolies limit competition.

<p>monopolies</p> Signup and view all the answers

Supply manipulation refers to artificially manipulating ______ to raise prices.

<p>supply</p> Signup and view all the answers

The institutional ethical paradigm focuses on corporations as ______, exploring their status as moral agents.

<p>entities</p> Signup and view all the answers

Socrates argues that justice is inherently ______ and essential for the well-being of the soul.

<p>valuable</p> Signup and view all the answers

Glaucon views justice as a social construct adopted out of necessity to avoid the consequences of ______.

<p>injustice</p> Signup and view all the answers

Aristotle sees the pursuit of virtue as essential to achieve ______, often translated as happiness.

<p>eudaimonia</p> Signup and view all the answers

Plato viewed virtue as ______ and inseparable from knowledge.

<p>intellectual</p> Signup and view all the answers

The individual ethical paradigm emphasizes personal ______, accountability, and the role of leadership.

<p>decision-making</p> Signup and view all the answers

The Difference Principle states that inequalities are permissible if they benefit the most ______ in society.

<p>vulnerable</p> Signup and view all the answers

Individualist theory claims that corporations lack moral agency and cannot commit ______.

<p>crimes</p> Signup and view all the answers

Shareholder theory argues that a corporation’s primary responsibility is to maximize ______ for its shareholders.

<p>profits</p> Signup and view all the answers

Stakeholder theory stresses the importance of considering the interests of all ______.

<p>stakeholders</p> Signup and view all the answers

For Aristotle, virtue is key to achieving ______ and is developed through habituation.

<p>eudaimonia</p> Signup and view all the answers

Kant sees virtue as adhering to the moral law derived from ______.

<p>reason</p> Signup and view all the answers

The argument against attributing crimes to corporations is based on the risk of ______ punishment for innocent stakeholders.

<p>collective</p> Signup and view all the answers

Corporate Social Responsibility (CSR) aligns with ______ theory in promoting sustainable and ethical practices.

<p>stakeholder</p> Signup and view all the answers

Augustine related free will to ______, claiming that human free will is impaired due to original sin.

<p>The Fall</p> Signup and view all the answers

Aquinas emphasized the importance of ______ in determining choices related to free will.

<p>reason</p> Signup and view all the answers

For Kant, a moral action must be guided by the ______ imperatives, not by personal desires.

<p>categorical</p> Signup and view all the answers

Kant's first formulation of the categorical imperative is that we should act according to maxims that could be ______ universalized.

<p>consistently</p> Signup and view all the answers

The Principle of Equal Basic Liberties asserts that each person has the right to the most extensive scheme of equal, basic ______.

<p>liberties</p> Signup and view all the answers

Augustine argued that although humans retained free will, their ability to choose good is supported by God's ______.

<p>grace</p> Signup and view all the answers

Modern conceptions of free will focus on being able to control our actions and determining our actions ______.

<p>independently</p> Signup and view all the answers

John Rawls perceives justice as ______, aiming for fairness in the distribution of rights and resources.

<p>fairness</p> Signup and view all the answers

Flashcards

Aristotle's eudaimonia

Human flourishing, achieved through virtuous living, fulfilling one's potential.

Utilitarian happiness

Maximizing overall pleasure and minimizing pain, prioritizing collective well-being.

Augustine's free will

The ability to choose and act according to one's will, towards the good, but impaired by original sin and needing God's grace.

Modern free will

The ability to control actions independently, choosing and executing a course of action.

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Bentham's utilitarianism

A quantitative approach to utilitarianism, prioritizing maximizing overall happiness.

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Mill's utilitarianism

A revised utilitarianism that distinguishes higher (intellectual, moral) and lower (physical) pleasures, prioritizing higher ones.

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Higher pleasures (Mill)

Intellectual, moral, and emotional experiences that engage human faculties (e.g., critical thinking, reason).

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Lower pleasures (Mill)

Physical pleasures.

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Hobbes' State of Nature

A state of war, where life is 'nasty, brutish, and short', and there's no authority to resolve disputes, leading to constant conflict.

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Locke's State of Nature

A state of relative peace and equality where individuals have natural rights (life, liberty, and property) and reason to recognize each other's rights.

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Kant's Universal Law of Morality

Act only according to that maxim whereby you can at the same time will that it should become a universal law.

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Kant's Respect for Persons

Treat humanity, whether in your own person or in the person of any other, never simply as a means, but always at the same time as an end.

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Kant's Principle of Autonomy

Every rational being is a legislator in a kingdom of ends.

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Sen's Two Origins of Economics

Logistics/engineering and ethics; the first focuses on efficiency, and the second on values and social justice.

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Rawls' Difference Principle

Social and economic inequalities are to be arranged so that they are both (a) reasonably expected to be to everyone's advantage, and (b) attached to positions and offices open to all.

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Utilitarianism

Ethical theory that emphasizes maximizing overall happiness and well-being.

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Utilitarianism's defining features

Utilitarianism focuses on maximizing overall happiness and well-being, considering the consequences of actions and treating all individuals' well-being equally.

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Welfarism (Utilitarianism)

Welfarism is the focus on promoting happiness and welfare by measuring actions based on the balance of pleasure and pain.

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Consequentialism (Utilitarianism)

The morality of an action is judged by its outcomes; actions are right if they produce the greatest overall happiness or minimize suffering.

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Sum-Ranking (Utilitarianism)

All individuals' happiness or suffering are equally important when calculating the total utility of an action, without bias or favoritism.

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Hypothetical Imperative (Kant)

A conditional command based on personal desires or goals. An action is necessary only if a certain goal is desired.

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Categorical Imperative (Kant)

An unconditional moral duty that applies universally, regardless of individual preferences.

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Sen's criticism of Rawls

Sen argued that Rawls's focus on the distribution of resources (like income) is incomplete and should also consider people's ability to achieve their goals and choose their lives (capabilities).

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Satz's market principle: reinforcing inequality

Certain markets worsen existing inequalities. For instance, private education is an example where access depends on wealth.

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Market Concentration

Market structures (like monopolies, oligopolies) reduce competition, allowing price-fixing and other unethical practices.

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Supply Manipulation

Artificially controlling supply to raise prices, harming consumers and distorting the market.

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Institutional Ethical Paradigm

Focuses on corporations as moral entities, examining their systems, structures, and social responsibility.

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Individual Ethical Paradigm

Focuses on individual ethical behavior and responsibility within a company.

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Glaucon's View of Justice

Justice is a social construct, chosen to avoid punishment for injustice, not because of its intrinsic value.

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Socrates' View of Justice

Justice is inherently valuable and essential for a fulfilling soul; it's about inner harmony.

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Shared Virtue Concept

Both Plato and Aristotle believed virtue is crucial for the ultimate good, leading to happiness or eudaimonia.

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Aristotle's Virtue

Virtue is essential for a successful and ethical life, achieved through the cultivation of habits, reason and moral excellence.

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Aquinas' Free Will

Aquinas sees free will as a rational appetite for what's good, emphasizing reason in decision-making, and believing that choosing something bad diminishes freedom.

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What is a moral action?

Kant defines a moral action as one taken out of a sense of duty, guided by the categorical imperative, not personal desires.

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Categorical Imperative

Kant's imperative outlines universal ethical principles that apply to everyone, guiding moral action. It has three main formulations: Universal Morality of Law, Respect for Persons, and Principle of Autonomy.

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Universal Morality of Law

One formulation of the categorical imperative stating that actions should be based on maxims that could be universally applied without contradiction.

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Respect for Persons

Another formulation of the categorical imperative stating that people should never be treated as mere means to an end but with respect and dignity.

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Principle of Autonomy

A principle of the categorical imperative stating that everyone should be a moral legislator, aligning their will with universal laws.

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Rawls' Principles of Justice

John Rawls offers an alternative to utilitarianism, viewing justice as fairness. His two principles are the Principle of Equal Basic Liberties and the Difference Principle.

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Individualist Theory

Corporations, being artificial entities, lack moral responsibility. Individuals within the corporation (executives, employees) are responsible for their actions, not the corporation itself.

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Shareholder Theory

A corporation's primary responsibility is to maximize profits for its shareholders, provided it adheres to legal and ethical norms.

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Stakeholder Theory

Corporations have ethical obligations to consider the interests of all stakeholders, including employees, customers, communities, and shareholders.

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Aristotle's Moral Behavior

Moral behavior requires practical wisdom to apply reason and context to actions.

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Kant's Virtue

Virtue means adhering to the moral law, derived from reason and universalizable principles.

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Kant's Moral Behavior

Always act in accordance with principles that could be universal laws, treating all people as ends in themselves.

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Difference Principle (Rawls)

Inequalities are acceptable if they benefit the most vulnerable members of society and positions open to all are accessible under fair equal opportunity.

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