Freedom, responsibility, altruism, and self-interest are fundamental building blocks of ethical theory. Explain.

Expert Solution

Freedom and responsibility

Freedom is intrinsically valuable; it is good for its own sake. The plausibility of this position may be illustrated by the (likely) fact that if you are walking along and someone shouts out in a commanding voice “STOP!” and you stop walking, you will rightly expect there to be a good reason that justified this interference. This supports the idea that we value liberty for its own sake and would limit it only if there is reason to do so (it would harm others or harm yourself or…). On the other hand, some philosophers see freedom as only instrumentally valuable, that is, only when it is used for good ends. According to them, if one freely steals from an innocent child (merely for the sake of entertainment), your freedom only makes the act worse than if you were compelled to do so.

Altruism means acting in the best interest of others rather than in one’s own self-interest. Some people believe altruism constitutes the essence of morality.

Although we often act selfishly, we also seem to be wired to cooperate with others. For example, studies show that when people look for mates, they tend to look for kindness more than any other quality.

Self-interest

Self-interest refers to actions that elicit personal benefit.Self-interest can be both a psychological and economic term. In general, it refers to individual actions and behaviors that provoke positive personal benefits. Throughout the years, economists have studied self-interest and the behaviors of rational self-interest to help develop theories and assumptions for the economy.

Hayet Jeridi answered 3 months ago

Freedom, responsibility, altruism, and self-interest. How do these words relate?

Agency theory is a management and economic theory that attempts to explain relationships and self-interest in...

Agency theory is a management and economic theory that attempts to explain relationships and self-interest in business organisations. It describes the relationship between principals/agents and delegation of control. It explains how best to organize relationships in which one party (principal) determines the work and which another party (agent) performs or makes decisions on behalf of the principal (Jensen and Meckling, 1976; Schroeder et al., 2011). Discuss

Explain the following four types of motivations for individual economic behavior: self-interest, altruism, reciprocity, and group-oriented...

Explain the following four types of motivations for individual economic behavior: self-interest, altruism, reciprocity, and group-oriented behavior. What role does each type of motivation play in individual economic behavior? Use this book: Understanding Capitalism: Competition, Command, and Change 4th Edition

Please explain and discuss the building blocks of the insurance premium.

1. What ethical theory do you personally abide by (Utilitarianism, Deontology, Justice as Fairness, Confucianism, Altruism),...

1. What ethical theory do you personally abide by (Utilitarianism, Deontology, Justice as Fairness, Confucianism, Altruism), and what does this theory advocate? 2. How did you come to develop your particular style of ethics? 3. How would your personal ethics affect the way you interact with others, especially others who may or may not share your ethical orientation and outlook?

Explain the fundamental basis of molecular orbital theory.

In your essay, discuss key concepts in attribution theory, such as the fundamental attribution error, self-serving...

In your essay, discuss key concepts in attribution theory, such as the fundamental attribution error, self-serving bias, and the just-world hypothesis. Give examples of each of these concepts.

Objectivism also gives freedom to an individual as one aspect of self-interest. Thus, the answer given...

Objectivism also gives freedom to an individual as one aspect of self-interest. Thus, the answer given by the Objectivist spokesperson is well aligned with the philosophy of self-interest and freedom. Objectivists also believe reason as the basis for any information; a justifying reason as to why a person wants to help the poor would suffice to an Objectivist. Ethics associated with various aspects are devised to keep the balance in society and harmony among different communities and people. As Objectivism...

Identify and briefly explain (in a bullet or 2) the 6 building blocks of the quality...

Identify and briefly explain (in a bullet or 2) the 6 building blocks of the quality system model.

1. Explain that auditor’s public interest responsibility including the source of their responsibility they extends to...

1. Explain that auditor’s public interest responsibility including the source of their responsibility they extends to which they embrace this responsibility & tangible ways that entry-level auditors can embrace this responsibility? 2. Explain the concept of professional skepticism including its underlying attributes and in addition to describing the different approaches to professional skepticism and how they are used in audit? 3. Applied question(use example):1. Use of example of testing revenue explain the steps and performance of standard analytical produces 2....

Question