Review of Three Ethical Theories Essay Example | Topics and Well Written Essays - 1250 words

Review of Three Ethical Theories - Essay ExampleAccording to this theory, individuals atomic number 18 seen as rational and utility maximizing entities. Several business decisions today are establish on this precept that is, the correct business decision is one that maximizes the net benefit to the conjunction. Thus, the decision which is in the best interests of the society is one that maximizes the net benefit to the society. The founder of traditionalistic Utilitarianism, Jeremy Bentham, argued that best and most valuable judgments are those that are based on objective considerations (Scarre, 1996). Thus, the benefits and costs of each public constitution should be weighed and then the policy should be executed only if the benefits outweigh the costs. The theory inherently assumes that the costs and benefits can be thrifty (Scarre, 1996). Thus, the value of the costs can be subtracted from the value of benefits. The theory does not aim at maximizing an individuals utility. It aims at maximizing the net benefits to the society. The provision of public and merit goods is based on this theory. It is consistent with morality since it takes into account everyones interests in equal amount. ... According to him, each individual consecrate a moral right to this and that this moral right of individuals translates into duties for other individuals. The first foundation of this imperative is based on the principles of universibility and reversibility (Butler, 2008). Thus, individuals must ask themselves how they would feel if other treated them the same way and how would they feel if everyone did the same. Thus, fit to Kant, the immoral decisions and actions were those that one wouldnt want for oneself (Butler, 2008). The second imperative states that individuals ought not to be treated exclusively as means that is, their capacity to choose freely for themselves must also be developed. This clearly demonstrates that musical composition the Utilitarians imply an economically rational justification for actions, Rights ethical motive correctly captures the human values and goes beyond the traditional cost-benefit analysis. Thus, according to Utilitarians, individuals could be deprived of their right to liberty simply because the net benefit isnt maximized (Jeurissen, 2007). Hence, Rights Ethics takes a step forward by respecting not only the positive but also the electronegative rights of individuals ( that is, the freedom from coercion). Thus, the Rights Ethics many of the flaws associated with the Utilitarian view. Firstly, the utilitarian view simplistically assumes that all the consequences of an action can be quantitatively measured (Smart & Williams, 1973). This is not always the case. For instance, how could one assign a value to ones life? Secondly, it deals insufficiently with rights, morals and justice (Smart & Williams, 1973). As outlined in the following