Question

In: Economics

. What was the "dominant" ethical theory that drove their decision to act as they did?...

. What was the "dominant" ethical theory that drove their decision to act as they did? How did you recognize that ethical theory was being used? Use examples from the case to justify

Solutions

Expert Solution

Let us first describe the three Ethical theories.

The three dominant ethical theories in Western philosophy are utilitarianism, deontology and virtue ethics.

The first dominant theory is utilitarianism.“utilitarianism argues that, given a set of choices, the act we should choose is that which produces the best results for the greatest number affected by that choice.” So basically it is stating that the actions we choose should be fair and benefit the majority affected by your conclusion.

The next dominant theory is deontology. “Deontology (sometimes referred to as duty ethics) focuses on what we are obligated to do as a rational moral agents. Deontology focuses on the reasons for which an act is done versus looking at the consequences. The easiest way to define deontology is treating others the way you want to be treated.

The last dominant theory is virtue ethics. Virtue ethics is different from the first two theories. “Rather than focusing on the consequences of the act we wish to evaluate, or the reason or rule that guides the action, we look at the character of the person performing the act.” Virtue ethics focuses on the character of a person and how it affects their decision when performing an act.

Last year while walking around the outlet mall here in New York. I witnessed an elderly woman unknowingly drop a large amount of cash when she pulled something out of her purse. I went over and picked it up and gave it back to her. I could have easily kept all the money but I gave it back to her. The action I choose was good and because I am honest, that makes me a virtuous person.


Related Solutions

What is meant by an approbative ethical theory? One example of an approbative ethical theory and...
What is meant by an approbative ethical theory? One example of an approbative ethical theory and evaluate it
What is the Theory of Spontaneous Generation? How did Louis Pasteur disprove this theory? What did...
What is the Theory of Spontaneous Generation? How did Louis Pasteur disprove this theory? What did his observations provide the basis for, and how has this impacted microbiology?
An ethical act that could seriously injure employees is higher in ___________ than an ethical act...
An ethical act that could seriously injure employees is higher in ___________ than an ethical act that could result in offending members of the community. moral judgement moral awareness moral intensity ethical behavior situational factors
What are ethical principles?  Are they specific to health information? Explain. What kind of ethical decision...
What are ethical principles?  Are they specific to health information? Explain. What kind of ethical decision making questions should a health information management professional ask?
What is the Homeland Secuirty Act of 2002? How did it come about, and what did...
What is the Homeland Secuirty Act of 2002? How did it come about, and what did it do? Explain in FULL detail.
In what decades did US female labor force participation increase the most rapidly? What factors drove...
In what decades did US female labor force participation increase the most rapidly? What factors drove both the magnitude of this change and its timing? How has the wage gap changed over the period of the greatest change? What do Goldin (and/or Gordon) believe has led to movements in the wage gap? What is the significance of this result? How has female labor participation changed in recent decades?
(2). How does virtue theory apply to both the decision maker and the act under consideration...
(2). How does virtue theory apply to both the decision maker and the act under consideration by that party? Explain.
Explain what ethical leadership is in the context of ethical behavior in organizations and decision making...
Explain what ethical leadership is in the context of ethical behavior in organizations and decision making and how ethical competence can be developed.
What drove African American and Mexican migration north? How did the war facilitate these changes? How...
What drove African American and Mexican migration north? How did the war facilitate these changes? How was this migration significant?
What are the Affordable Care Act that are major ethical considerations in the context of a...
What are the Affordable Care Act that are major ethical considerations in the context of a Christian worldview perspective regarding the issue from a patient/family, patient care provider, and regulatory body perspective. What are the implications for carrying out work within the public arena with compassion, justice, and concern for the common good?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT