what the morals of individual cultures say. Others‚ such as James Rachels‚ believe that there is a universal code of ethics that transcends the moral codes of individual cultures. In his essay‚ “Morality is Not Relative”‚ Rachels discusses ethical relativism‚ or as he calls it “Cultural Relativism”‚ and the logical problems that are associated with this code. Cultural
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utility. In assessing a moral theory there are four adequate criteria which are: completeness‚ explanatory‚ practicability and moral conformation. For completeness‚ an ethical theory should support all meaningful moral claims‚ neglecting none of the claims. Next‚ there is explanatory power. For this assessment a theory should provide insight into what makes something moral or immoral. As for practicability‚ the theory should be useful to us in actual practice. Lastly‚ for moral conformation‚ it should
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judge what is universally right or wrong between the different cultures. Because of this‚ societies may disagree about the morality of what is right and wrong. Gensler believes that if cultural relativism is true‚ then there are no right or wrong moral values within a culture’s belief‚ because objective truths can still exist. Gensler finds cultural relativism to be problematic
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right thing to do? Most people would say‚ “Of course not. It would be terribly wrong to push the man onto the track.” Pushing someone o a bridge to a certain death does seem an awful thing to do‚ even if it saves ve innocent lives. But this raises a moral puzzle:Why does the principle that seems right in
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Diversity Theory addresses the concept of what is morally right and wrong varies from society to society; therefore‚ there is no universal moral principles that all societies accept. For example‚ Homosexuality in the Middle East is a forbidden practice‚ while in ancient Greek culture‚ it was said to be a accepted practice. The Dependency Theory says that all moral principles receive their validity from cultural acceptance. For example‚ in America‚ having more than one spouse
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Finance‚ Vol. 34‚ 3‚ pp. 621-632 Talmor‚ E (1984) “The determination of corporate optimal capital structure under value maximzation and information asymmetry”‚ Journal of Economics and Business‚ Vol. 36‚ 1‚ pp. 65-75 Theilen‚ B. (2003) “Simultabeous moral hazard and adverse selection with risk averse agents”‚ Economics Letters‚ Vol. 79‚ 2‚ pp. 283-289 Philosophov‚ L. V. & Philosophov‚ V. L. (1999) “Optimization of corporate capital structure: A probabilistic Bayesian approach”‚ International Review
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Chapter 1 1. Has the inflation rate in Canada increased or decreased in the past few years? What about interest rates? R/. The inflation rate of CAnada is low. The inflation rate was at 1.10 % in August. And the interest rate was declining. In one news said that on 1915 until 2013‚ the Canada ’s inflation rate 3.2% reaching an all time high of 21.6% in June of 1920 and got a record low at -17.8% in June of 1921. 2. If history repeats itself and we see a decline in the rate of money growth
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for the future participants • Advice for the SIWES managers • Appendices ACKNOWLEDGEMENT A work of this nature cannot be done and produced successfully without the help‚ goodwill‚ co-operation and moral assistance of others. This is to say that this work is not a product of my personal effort since “nobody is an Island” and “A tree cannot make a forest” so to say. First and foremost‚ I want to acknowledge Almighty God that makes it possible for
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Introduction Moral relativism is a moral or ethical proposition that does not reflect the objective and / or universal moral truths of the position‚ but rather requires the situation with respect to social‚ cultural‚ historical or personal circumstances. It does not deny the truth value or justification of moral statements (as a form of moral anti realism)‚ but it is certain of their relative form. A moral relativist pointed out that human beings are not omniscient‚ and history is full of personal
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In “The Elements of Moral Philosophy” James Rachels discusses the positives and negatives regarding the concept of cultural relativism‚ but his overall position is that cultural relativism is not a strong philosophy. On the flip side of that Immanuel Kant has a completely different ethical theory that is based around deontology. Despite its positives cultural relativism cannot be defended against Rachel’s criticism‚ but Kant’s ethical theory cannot necessarily defeat cultural relativism. Cultural
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