Evaluating business ethics

6 important questions on Evaluating business ethics

Applying moral norms vs justifying moral norms

* secularization (moving away from religion)
* EU: focus on justification and ethical legitimation of norms
* US: application of morality
* Asian: based on religion or tradition
* EU and US: rely on philsophical arguments

Disadvantages of ethics of duties

* undervaluing outcomes
* complexity
* optimism

Ethics of rights and justice

  • natural rights: rights to life, freedom, property
  • there is no complex theoretical deduction
  • consensus about the nature of human dignity
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Disadvantages of the Western modernist theories

  • Abstract
  • Reductionist (only focus on one aspect of morality)
  • objective and elitist
  • impersonal
  • rational and codified
  • imperialist

Normative ethical theories:

  • individual vs institutional morality: US more about individual behavior, EU more about design of institutions
  • questioning vs accepting capitalism: US, ethical problems are seen within capitalist system, EU business ethics focus on questioning the ethical justification of capitalism
  • justifying vs applying moral norms: EU strong pluralism of moral convistions and values, therfore justification and ehtical legitimation of norms, US moral values are given and focus is on application of morality

John Rawls Theory of Justice

1. each person is to have an queal right to the most extensive total system of basic liberties compatible with a similar system of liberty for all.

2. social and economic inequalities are to be arranges so that they are both to the greatest benefit of the least advantages attached to offices and positions open to all under conditions of fair equality of opportunity

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