MGMT 3000 Lecture Notes - Lecture 2: Relativism, Deontological Ethics, Invisible Hand

• School: University of Windsor
• Department: Business
• Course: MGMT 3000
• Professor: Ryan Donally

Document Summary

The role of ethical theory: two extreme positions, 1. Ethical absolutism claims there are eternal, universally applicable moral principles: right and wrong are objective qualities, can be rationally determined, typically traditional of western modernist ethical theories, 2. Universal rights: typically contemporary or ethical pluralist ethical theories. International origins and differences: absolutist, european, north american, western modernist, individual morality, accepting capitalism, application of morality, relativist, african, asian, latin american, contemporary, institutional morality, questioning capitalism, justification of morality. Outcome: non-consequentialist ethics/relativist looks at motivation/principles and action, consequentialist ethics/western modernist/absolutist looks at action and outcomes. Consequentialist: moral judgement is based on the outcome of certain behaviors, if the outcome is desirable, the action in question is just or right. Ethical theories: overview: absolutism -> western modernist -> consequentialist -> egoism and. Utilitarianism: absolutism -> western modernist -> non-consequentialist -> ethics of. 2: relativism -> contemporary -> virtue ethics, feminist ethics, discourse.