Journal of Business Ethics (2009) 91:65–82 DOI 10.1007/s10551-009-0068-2 Ó Springer 2009 Analyzing Insider Trading from the Perspectives of Utilitarian Ethics and Rights Theory Robert W. McGee ABSTRACT. The common view is that insider trading is always unethical and illegal. But such is not the case. Some forms of insider trading are legal. Furthermore‚ applying ethical principles to insider trading causes one to conclude that it is also sometimes ethical. This paper attempts to get past
Premium Utilitarianism Ethics
punishment. Utilitarian and retributive is considered to be two philosophies based on the theories of punishment. For example‚ researchers stated that utilitarian theory of sentence seeks to punish and prevent criminals to do more harm‚ however‚ the retributive theory believed that criminals deserved to faced criminal charges (Punishment - Theories of Punishment‚ 2016). Some philosophers believed that the United States laws can be demonstrated as happiness of society under the utilitarian theories. Although
Premium Crime Criminal justice Prison
Final Project Part 2 Utilitarian Ethics: act and rule Definition of Act Utilitarian The goal of an act utilitarian is to maximize a person’s overall happiness in the universe. With an act utilitarian the goal will be to “Maximize pleasure and minimize pain” (Waller‚ 2005‚ p.49). An act utilitarian says that people could do that and they would not only make everyone happier but they would also be doing what is morally right. An act utilitarian doesn’t have conflicts over any action being
Premium
figure out what is best for all of humanity and only we can therefore discern how to preserve the needs of other humans because of our logical thought processes. In regards to the maxim within deontological ethics‚ a maxim is a thought process derived from rationality described within Kant’s deontological ethics. The process begins with the action‚ next the situation in which the action is to be completed‚ and finally the outcome achieved by the action. From Kant’s ideas it can be implied that he
Premium Utilitarianism Ethics Hedonism
This assignment will provide an overview of the main justifications for punishment and essentially discuss the moral and political arguments for and against punishment. A constant theme that will run throughout will be the Utilitarian philosophy of punishment. Utilitarianism is forward-looking and therefore seeks to prevent the reoccurrence of crime. This is generally achieved through Deterrence‚ Rehabilitation and Incapacitation with all too some extent playing a vital role in the criminal justice
Premium Utilitarianism Criminal justice Criminology
other words the ability to think and form logical judgements.(2) He believed that this moral reasoning is a priori‚ which meant that there is no knowledge needed of the outcome of an action to know if it is right or wrong.(2) His theory is an example of a deontological theory – the rightness or wrongness of our actions depends on if the action fulfils our duty. (1) Nothing is good in itself except a good will (to act from principle).(1) Our actions only have moral worth if we act from duty.(1) The
Premium Morality Immanuel Kant Deontological ethics
Alan Dershowitz details Jeremy Bentham ’s utilitarian justification as a means to protect the greater good‚ maximizing societal benefits (Dershowitz‚ Blackboard pg. 1-2). In the ticking-bomb scenario‚ torturing the terrorist to gain information for the location and/or disposal of the bomb would be permissible because it is all in the efforts to protect the thousands of people in danger. But under this theory‚ the justification for torture comes at the cost of violating the
Premium Torture United States Human rights
On the four deontological systems that we have discussed‚ I would like to share my thoughts about the Kantian Deontological System. Kantian Ethics is formulated by Immanuel Kant in which he discussed that the nature of duty is based on human reason. For him‚ human reason‚ not human nature‚ can determine what is right and wrong. He also stressed that human desires are not the right measurement for ethics. In addition‚ Kantian Ethics is known for its two kinds of command or imperative: the hypothetical
Premium Morality Ethics Immanuel Kant
many dilemmas to evaluate. While analyzing it with my peers‚ it was common to find a consensus on one aspect‚ only to have it raise questions on another. On the other hand‚ Bernard Williams uses “Jim and the Indians” as an argument against the Utilitarian Approach (276)‚ however‚ most of the people I discussed it with defaulted to that very
Premium Scientific method Psychology Sociology
CRITICAL THINKING PAPER #5 Abstract This paper expresses the viewpoint of a Utilitarian and how they would look at abortion. This paper illustrates there should be a right to choose what you should be able to do in regards to abortion and uses the term “reproductive freedom”. Contained within are statistics on social and economic benefits of abortion and the Utilitarian viewpoint for abortion is explained. Abortion is an essential part of living in the modern world. Today‚
Free Pregnancy Abortion