...Rawls vs. Nozick In this essay I will explain the main theories Rawls and Nozick have on distributive justice and the role of the government in economic life, I will analyze and compare them and eventually indicate my preference. I will start with John Rawls and his thoughts in a theory of justice. Rawls strive to determine how we can make a society as just as possible. Rawls derives two principles; liberty principle and the difference principle. It is the latter I am going to analyze more closely. He also gives a theoretical device that he calls “the original position” and “the veil of ignorance” this device is ment to help us in the way that we picture our self behind a veil. We do not know the basic things about ourselves like our sex, age, financial status etc. This device is to help us be totally neutral in the sense that we do not know our status in society. After putting our self in a status quo if you will, we can now decide on what us just for the whole society. Rawls derives then the difference principle; to put this is Rawls own word the difference principle is: “Then the difference principle is a strongly egalitarian conception in the sense that unless there is a distribution that makes both persons better off an equal distribution is to be preferred.”(Rawls - theory of justice. 84/85) So in other words, the inequalities in a society can only be justified if it benefits the person that is least off. This is the main subject the debate between nozick and...
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...rule utilitarianism is the type of seating on an aircraft. There are different classes on the aircraft: first, business, and economy. The first or business class seats are more expensive but they come with more conveniences. However, the higher prices of seats help to cover the airline’s financial burden of the economy seats. (Workplace Example of Utilitarianism Ethics, 2014) 2. What do economists mean by the “declining marginal utility of money”? The phrase means successive additions to one’s income produce, on average, less happiness or welfare than did earlier additions. (Shaw and Barry, p 112) This proposes that as income increases, people will gain a corresponding smaller increase in satisfaction and happiness. 3. Robert Nozick presents his entitlement theory as a function of three basic...
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...Ethics of care – an ethic that emphasizes caring for the concrete well-being of those near you. Ethic of virtue – an ethic based on evaluations of the moral character of persons or groups. (Describing the character of someone) Ethics - The principles of conduct governing an individual or group or the study of morality. Ethics allows us to identify principles of “right” and “wrong” that: Morality - The standards that an individual, group, or society has about what’s right and wrong. Morals guide our behavior, and help us to “do the right thing”. Two Types of Ethical Issues: * Ethical problem: a situation with ethical content requiring a choice between right and wrong. * Ethical conflict: a situation where a person must choose between competing principles of right (or competing principles of wrong) (more common) Code of ethics 93% Ethics committees 25% Training 52% Changes in structure 13% Other 11% If one really believed that ethics is subjective, logically he/she should never: * Criticize or commend any person, group, organization, nation, etc. on moral or ethical grounds.e.g., “That is wrong/bad/evil” or question anybody else’s behavior (for ethical reasons). Prescriptive ethics discusses what we “should” do (it “prescribes” certain behaviours). * Prescriptive ethics is about how the world should be, regardless of how it actually is. * Theories of prescriptive ethics provide us with tools to use in figuring...
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...THREE ETHICAL APPROACHES BASED ON VIRTUE, DUTY AND CONSEQUENCE Three ethical approaches have evolved as the focus of those who study moral philosophy: virtue ethics, duty ethics and consequential ethics. Virtue ethics, associating ethics with personal habits, is associated with Aristotle. Duty ethics is associated with religious beliefs, although Kant tried to create a system of duties independent of belief in God. Consequential ethics is associated with the quest for rationalism during the Enlightenment, and especially with the Utilitarians. Virtue Ethics Plato and especially later Aristotle described moral behavior as “what the moral or virtuous person does.” The virtuous person develops a sense of right and wrong. This idea endures. We look to people we think of as ethical to give us advice on an ethical issue because such people have a sense of right and wrong. Aristotle tried to take the idea further, with less success. He thought that virtuous behavior meant people realizing their potential. He suggested that virtue was tied to moderation, a middle way between excess and deficiency. This idea is in practice not proven so helpful because where the midpoint is depends on where we put the extremes.[2] For example if an extreme drinker is someone who drinks six liters a day of vodka, then is three liters a day a moderate drinker? Markets operate without depending on the virtue of the business people who trade in them. But in practice ethical behavior is admired...
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...Additional Tools, Techniques and Dilemmas This document includes the cases and articles listed below in italics. You may find some of the principles described in the articles useful in doing your analysis of the cases. Velasquez, Distributive Justice Rich Dead, Poor Dead Kelo vs. City of New London _____________________________________________________________________________ Distributive Justice Manuel Velasquez Questions of distributive justice arise when different people put forth conflicting claims on society's benefits and burdens and all the claims cannot be satisfied. The central cases are those where there is a scarcity of benefits such as jobs, food, housing, medical care, income, and wealth-as compared to the numbers and the desires of the people who want these goods. Or (the other side of the coin) there may be too many burdens - unpleasant work, drudgery, substandard housing, health injuries of various sorts-and not enough people willing to shoulder them. If there were enough goods to satisfy everyone's desires and enough people willing to share society's burdens, then conflicts between people would not arise and distributive justice would not be needed. When people's desires and aversions exceed the adequacy of their resources, they are forced to develop principles for allocating scarce benefits and undesirable burdens in ways that are just and that resolve the conflicts in a fair way. The development of such principles is the concern of distributive...
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...BUSINESS ETHICS BY SHAW TEST BANK A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=business-ethics-by-shaw-test-bank Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION Business Ethics by Shaw Test Bank, Business Ethics by Shaw – Test Bank A+ Graded Chapter 1—The Nature of Morality MULTIPLE CHOICE 1. Which of the following characteristics distinguishes moral standards from other sorts of standards? a. moral standards are purely optional b. moral standards take priority over other standards, including self-interest c. moral standards cannot be justified by reasons d. moral standards must be set or validated by some authoritative body 2. Choose the statement that gives the most accurate description of etiquette: a. the rules of etiquette are a fundamental branch of morality b. conformity with the rules of etiquette is sufficient for moral conduct c. etiquette refers to a special code of social behavior or courtesy d. the rules of etiquette are backed by statutory law 3. Our relationship with the law is best described by which of the following? a. To a significant extent, law codifies a society’s customs, norms, and moral values. b. The law is a completely adequate guide to the moral standards that we should follow. c. The law makes all immoral conduct illegal. d. Violating the law is always immoral. 4. Which of the following is not one of the four basic kinds of law? a. statutes b. constitutional...
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...1 目 录 何何幼……………………………………………………………………………………..................4 第一读 谋杀癿逦德侧面…………………………………………………………………………...6 第事读 人叻人案件………………………………………………………………………………..16 第三读 给生命贴上价格标签…………………………………………………………………..30 第四读 奝何测量忋乐…………………………………………………………………………….42 第五读 选择癿自由………………………………………………………………………………..54 第兒读 我属二诼？.……………………………………………………………………………….63 第七读 返坑地昤我癿…………………………………………………………………………….77 第児读 满叽法年龄癿成年人…………………………………………………………………..90 第九读 雇来癿枪手……………………………………………………………………………...103 第十读 兕二殎亲…………………………………………………………………………………116 第十一读 翿虑佝癿劢机……………………………………………………………………….129 第十事读 逦德癿最高准则……………………………………………………………………138 第十三读 撒谎癿敃讦…………………………………………………………………………..147 第十四读 卋讧就昤卋讧……………………………………………………………………….156 第十五读 忐样才昤兑平癿廹始……………………………………………………………..165 第十兒读 我仧译得到什举？…………………………………………………………………177 第十七读 兕二平权运劢癿争论……………………………………………………………..188 第十児读 目癿昤什举？……………………………………………………………………….203 第十九读 奜兑民…………………………………………………………………………………214 第事十读 自由不适应…………………………………………………………………………..225 第事十一读 社群癿需求……………………………………………………………………….236 第事十事读 我仧癿忠诚圃哧里……………………………………………………………..244 第事十三读 辩论同忓婚姻……………………………………………………………………254 第事十四读 美奜生活…………………………………………………………………………..264 2 Contents Lecture 1 The Moral Side of Murder……………………………………………….276 Lecture 2 The Case for Cannibalism………………………………………………..286 Lecture 3 Putting a Price Tag on Life……………………………………………….299 Lecture 4 How to Measure Pleasure………………………………………………...310 Lecture 5 Free to Choose…………………………………………………................321 Lecture 6 Who Owns Me? ………………………………………………….............330 Lecture 7 This Land is...
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...Socialism and Capitalism A Theory of Economics, Politics, and Ethics Hans-Hermann Hoppe The Ludwig von Mises Institute’s Studies in Austrian Economics Department of Economics University of Nevada, Las Vegas Kluwer Academic Publishers Boston/Dordrecht/London Distributors for North America: Kluwer Academic Publishers 101 Philip Drive Assinippi Park Norwell, Massachusetts 02061 USA Distributors for the UK and Ireland: Kluwer Academic Publishers Falcon House, Queen Square Lancaster LA1 1RN, UNITED KINGDOM Distributors for all other countries: Kluwer Academic Publishers Group Distribution Centre Post Office Box 322 3300 AH Dordrecht, THE NETHERLANDS Library of Congress Cataloging-in-Publication Data Hoppe, Hans-Hermann. A theory of socialism and capitalism : economics, politics, and ethics / by Hans-Hermann Hoppe. p. cm. Includes index. © 2010 by the Ludwig von Mises Institute and published under the Creative Commons Attribution License 3.0. http://creativecommons.org/licenses/by/3.0/ Ludwig von Mises Institute 518 West Magnolia Avenue Auburn, Alabama 36832 mises.org ISBN: 978-1-933550-73-2 Socialism and Capitalism Hans-Hermann Hoppe A Theory of Acknowledgements Three institutions assisted me while I wrote this treatise. As a Heisenberg Scholar I enjoyed the most generous financial support from the German Science Foundation (DFG) from 1982 through 1986. The present study is the most recent work I completed during this period. Additional support came from the...
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...NOT FOR DISTRIBUTION: USE ONLY IN COMPLIANCE WITH COPYRIGHT: DAVID RISSTROM AN INTERPRETATION OF LAW IN CONTEXT Bottomley, S., Gunningham, N. and Parker, S., 1991, Law in Context, The Federation Press, Leichhardt. { } = additional material from lectures. ( ) = my comments. (See ‘x’) refers to book page number. A short (somewhat boring) message from the summary executioner before you dive in; These notes are an interpretation of the book Law in Context and the lectures given as part of the 1991 Course. They are not a satisfactory substitution for reading the text. You are only likely to get the maximum value out of this summary by reading it in conjunction with the text. The question of ‘the law in whose context’ may be worth keeping in mind as you read. This is an interpretation seen through my eyes, not yours. My comments are not unbiased, as it is as equally unlikely that yours may be. So my ‘advice’ is consider what is said here and in the book considering the need to understand the ‘mechanics’ that help make sense of the more involved themes that develop in the book as you progress through Law in Context. The observations, important in their own right, may be particularly useful for seeing how their often ubiquitous expression is taken as ‘normal’ in the areas of wider society, such as in discussions of economics and power. It is unlikely that you will find any ‘right answers’ from this summary, but I do hope it helps you in synthesising...
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...ECONOMICS _____________________________________________________________________________________ WEEK 1: HOW ECONOMISTS THINK * What are preferences? Preferences refer to all of the objectives an individual wants to achieve that might motivate a choice among a set of alternatives. * What does it mean for an individual’s preferences to be rational? Please explain the concepts of costs and benefits and the reasoning process used by a rational individual. A rational individual will try to make the best possible use of his/her scarce resources, usually choosing an activity that has the highest utility. Rational preferences possess 2 properties, which are completeness and transitivity. Completeness means that choices can be ranked in an order of preference. For instance, an individual will have a preference when faced with two choices. Transitivity means actions can be compared with other actions. As an example, if action a is preferred to b, and action b is preferred to c, then a is preferred to c. A benefit is the maximum unit of currency amount you would be willing to pay to do x, while the cost is the value of all the resources you must give up in order to do x. The cost-benefit approach to decisions states that an individual should do an activity x if the benefit exceeds the cost. Relating to cost, in the process of coming up with a decision, a rational individual will take into account opportunity costs and ignore sunk costs. * New theories argue that...
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...IIBM Institute of Business Management Corporate Governance www.iibmindia.in Chapter 1 Corporate Governance Corporate governance refers to the system by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, crors, auditors, regulators, and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs. Governance provides the structure through which corporations set and pursue their objectives, while reflecting the context of the social, regulatory and market environment. Governance is a mechanism for monitoring the actions, policies and decisions of corporations. Governance involves the alignment of interests among the stakeholders. There has been renewed interest in the corporate governance practices of modern corporations, particularly in relation to accountability, since the high-profile collapses of a number of large corporations during 2001–2002, most of which involved accounting fraud. Corporate scandals of various forms have maintained public and political interest in the regulation of corporate governance. In the U.S., these include Enron Corporation and MCI Inc. (formerly WorldCom). Their demise is associated with the U.S. federal government passing the Sarbanes-Oxley Act in 2002, intending to restore public confidence in corporate...
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...IN THIS CHAPTER YOU WILL . . . 1 Learn that economics is about the allocation of scarce resources Examine some of the tradeof fs that people face Learn the meaning of oppor tunity cost See how to use marginal reasoning when making decisions TEN OF PRINCIPLES ECONOMICS Discuss how incentives af fect people’s behavior The word economy comes from the Greek word for “one who manages a household.” At first, this origin might seem peculiar. But, in fact, households and economies have much in common. A household faces many decisions. It must decide which members of the household do which tasks and what each member gets in return: Who cooks dinner? Who does the laundry? Who gets the extra dessert at dinner? Who gets to choose what TV show to watch? In short, the household must allocate its scarce resources among its various members, taking into account each member’s abilities, efforts, and desires. Like a household, a society faces many decisions. A society must decide what jobs will be done and who will do them. It needs some people to grow food, other people to make clothing, and still others to design computer software. Once society has allocated people (as well as land, buildings, and machines) to various jobs, 3 Consider why trade among people or nations can be good for everyone Discuss why markets are a good, but not per fect, way to allocate resources Learn what determines some trends in the overall economy 1 TLFeBOOK 2 4 Ten Principles...
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...The Wealth of Networks The Wealth of Networks How Social Production Transforms Markets and Freedom Yochai Benkler Yale University Press New Haven and London Copyright _ 2006 by Yochai Benkler. All rights reserved. Subject to the exception immediately following, this book may not be reproduced, in whole or in part, including illustrations, in any form (beyond that copying permitted by Sections 107 and 108 of the U.S. Copyright Law and except by reviewers for the public press), without written permission from the publishers. The author has made an online version of the book available under a Creative Commons Noncommercial Sharealike license; it can be accessed through the author’s website at http://www.benkler.org. Printed in the United States of America. Library of Congress Cataloging-in-Publication Data Benkler, Yochai. The wealth of networks : how social production transforms markets and freedom / Yochai Benkler. p. cm. Includes bibliographical references and index. ISBN-13: 978-0-300-11056-2 (alk. paper) ISBN-10: 0-300-11056-1 (alk. paper) 1. Information society. 2. Information networks. 3. Computer networks—Social aspects. 4. Computer networks—Economic aspects. I. Title. HM851.B457 2006 303.48'33—dc22 2005028316 A catalogue record for this book is available from the British Library. The paper in this book meets the guidelines for permanence and durability of the Committee on Production Guidelines for Book Longevity of the Council on Library Resources. 10 9 8 7 6 5 4 3 2 1...
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...VOLUME EDITOR S. WALLER is an Associate Professor of Philosophy at Montana State University Bozeman. Her areas of research are philosophy of neurology, philosophy of cognitive ethology (especially dolphins, wolves, and coyotes), and philosophy of mind, specifically the parts of the mind we disavow. SERIES EDITOR FRITZ ALLHOFF is an Assistant Professor in the Philosophy Department at Western Michigan University, as well as a Senior Research Fellow at the Australian National University’s Centre for Applied Philosophy and Public Ethics. In addition to editing the Philosophy for Everyone series, Allhoff is the volume editor or co-editor for several titles, including Wine & Philosophy (Wiley-Blackwell, 2007), Whiskey & Philosophy (with Marcus P. Adams, Wiley, 2009), and Food & Philosophy (with Dave Monroe,Wiley-Blackwell, 2007). P H I L O S O P H Y F O R E V E RYO N E Series editor: Fritz Allhoff Not so much a subject matter, philosophy is a way of thinking.Thinking not just about the Big Questions, but about little ones too.This series invites everyone to ponder things they care about, big or small, significant, serious … or just curious. Running & Philosophy: A Marathon for the Mind Edited by Michael W. Austin Wine & Philosophy: A Symposium on Thinking and Drinking Edited by Fritz Allhoff Food & Philosophy: Eat,Think and Be Merry Edited by Fritz Allhoff and Dave Monroe Beer & Philosophy: The Unexamined Beer Isn’t Worth Drinking Edited by Steven D. Hales Whiskey & Philosophy:...
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...Enron and World Finance A Case Study in Ethics Edited by Paul H. Dembinski, Carole Lager, Andrew Cornford and Jean-Michel Bonvin Enron and World Finance Also by Observatoire de la Finance From Bretton Woods to Basel Finance & the Common Good/Bien Commun, no. 21, Spring 2005 Ethics of Taxation and Banking Secrecy Finance & the Common Good/Bien Commun, no. 12, Autumn 2002 Will the Euro Shape Europe? Finance & the Common Good/Bien Commun, no. 9, Winter 2001–2 Dommen, E. (ed.) Debt Beyond Contract Finance & the Common Good/Bien Commun, Supplement no. 2, 2001 Bonvin, J.-M. Debt and the Jubilee: Pacing the Economy Finance & the Common Good/Bien Commun, Supplement no. 1, 1999 Dembinski, P. H. (leading contributor) Economic and Financial Globalization: What the Numbers Say United Nations, Geneva, 2003 Enron and World Finance A Case Study in Ethics Edited by Paul H. Dembinski Carole Lager Andrew Cornford and Jean-Michel Bonvin in association with the Observatoire de la Finance Selection, editorial matter and Chapters 1, 2 and 16 © Observatoire de la Finance Remaining chapters © contributors 2006 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence ...
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