MGMT-340 Lecture Notes - Lecture 38: Ethical Egoism, John Stuart Mill, Jeremy Bentham
Document Summary
What are ethical frameworks: moral reasoning requires a set of principles or values to structure our thinking. Ethical frameworks offer a way to frame our understanding: a set of codes or values or a method of reasoning that helps us to distinguish right from wrong, ethical frameworks both intertwine with one another and sometimes complete. Teleological (telos= fulfillment: results or outcome based, ethical egoism, utilitarianism, sedgwick"s dualism, consequentialist. Deontological (deon =duty: focus on duties or obligations, right and wrong are based on principles and rules, existentialism, contractarianism, rights, kant, religion, non- consequentialist. Virtue (ar te= excellence: focus on long term character development, one should motivate by virtue not by vice, developing virtue helps us live meaningful, happy lives. We can only excel in our lives through political and economic freedom. Jeremy bentham (1789) john stuart mill (1863: utility: state of being useful, profitable or beneficial.
