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Definition
| study of existence, of man, and of mans relationship to existence |
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| the which one acts to gain and/or keep |
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| the act by which one gains and/or keeps values |
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| a right is a moral principle defining and sanctioning a mans freedom of action in a social context |
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| a characteristic set of principles for assigning basic rights and duties and for determining what they take to be the proper distribution of the benefits and burdens of social cooperation |
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| Hypernorms (Donaldson and Preston) |
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Definition
| moral precepts fundamental to human beings |
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| Hypernorms (Donaldson and Preston) |
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Definition
| moral precepts fundamental to human beings |
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| Hypernorms (Donaldson and Preston) |
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Definition
| moral precepts fundamental to human beings |
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Term
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Definition
| a practice in which prices of certain kinds of necessary items are raised in the wake of an emergency to what appear to be unfair or exploitatively high levels |
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Definition
| persons or group with legitimate interests in procedural and/or substantive aspects of corporate activity |
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| roles, responsibilities and balance of power among executives, directors and investors. |
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| normative, how people should behave in moral situations |
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| descriptive, describes how people behave in moral situations |
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| right to pursue something |
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| Utilitarian justification for capitalism |
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Definition
| capitalism in the economic system that best maximize the common good |
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| Rights justification for capitalism |
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Definition
| capitalism is the only economic system the respects fundamental human rights such as property rights and freedom of association |
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Definition
| in the short term, humans are fundamentally different therefore you can't judge each other |
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Definition
| in the long run, humans are fundamentally the same therefore you can judge each other |
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| Stakeholder Target Level 1 |
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Definition
| Descriptive: how managers do treat their stakeholders |
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| Stakeholder target Level 2 |
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Definition
| Instrumental, how managers should treat their stakeholders if the want to achieve a certain goal (profit Maximization or shareholder value) |
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| Stakeholder Target Level 3 |
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Definition
| Normative: how managers should treat their shareholders because it is the right/moral thing to do, most important part of stakeholder theory |
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Term
| How to apply Rawls Justice theory... |
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Definition
| Greatest benefit to the least advantaged |
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| How to apply Nozicks Rights theory.. |
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Definition
| Freedom of force and fraud. (remember positive rights violate negative rights) |
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| How to apply Utilitarianism |
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Definition
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| How to apply Rand's Objectivist Theory |
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Definition
| to be ethical you have to be a rational and logical man qua man, aspire to be the best possible self (Do whats best for you in the long run) |
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| How to apply social contract theory... |
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Definition
Step 1- does it violate a hypernorm? (if yes stop)
Step 2- Does it violate a authentic norm? (If yes stop, if no then do it) |
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| How to apply ethics of care... |
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Definition
| relationships, dialogue, responsibility |
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Term
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Definition
Compliance is approved
deviance is disapproved
Almost everybody does it |
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