University of Nebraska at Lincoln Professor Sobel Philosophy 106 The Utilitarian Approach What is morally right‚ and what is morally wrong? Different ethical theorists have a wide variety of definitions to this question. Although it wasn’t until the ethical revolution during the 18th and 19th centuries that utilitarianism took center stage defying all other theories. David Hume‚ Jeremy Bentham‚ and John Stuart set this revolution into progress stating that utilitarianism explains that morality
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Bear Stearns Bailout “The Fed did not bailout Bear at taxpayer expense‚ but enabled – as it is mandated – the financial markets to continue to function. History will call the Fed’s action the right move at the right time”‚ says Jeremy Siegel‚ Ph.D. The Bear Stearns Company began a financial meltdown in July 2007. By March 2008‚ it was ready to file Chapter 11 bankruptcy. Some people believe that the Federal Reserve should not have stepped in to bailout Bear Stearns because it was rewarding
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survive hard economic times. The first significant US auto industry bailout took place during the George W. Bush administration. After the recession in 2008 the auto industry faced another difficult era resulting in another bailout from the President Barack Obama administration. Obama bailout totaled $85 billion for GM motors‚ and Chrysler. Bush also defended the decision of Obamas’ bailout because he believed without the bailout the country would have had a second great depression resulting in
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Aaron Feuerstein & Malden Mills MGMT 368 ~ Business Ethics July 21‚ 2013 “The Mensch of Malden Mills” Aaron Feuerstein is well-known in the community of Lawrence‚ Massachusetts as the owner of Malden Mills. Perhaps more importantly‚ he is known as the man who cares about his workers and goes out of his way to help them; the man with deep convictions to see things through to the end because he is a man who keeps his word. Mr. Feuerstein is also known around the globe as one of the only businessmen
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My personal ethics are very strong‚ while I often try to see and understand each side of a situation I know that my ethical/moral compass will not sway from doing the right thing. Ethics to me are a combination of both Kant’s theory on utilitarian ethics and deontological models. In Kant’s theory‚ using your decision to limit the number of people that are hurt by the decision cannot truly allow for proper ethics. At the same time‚ the deontological theory‚ we need to pay attention to all facts
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There is a very clear way that any sophisticated utilitarian could handle this proposal. Obviously‚ they have to consider that the limited sports program needs to be incorporated‚ but at the same time they can’t cut too heavily into the current sports program. There is a very clear plan that would allow the physically impaired student to have their new sport program added‚ without greatly hindering the current sports program. It has been said that the cost of the new program is four times as high
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market refers to a somewhat mixed economy. In this economy‚ government intervention takes place even though the majority of the market is capitalist. This paper aims to explore the utilitarian argument of capitalism and discuss whether government intervention in an otherwise free market leads to inefficiencies on utilitarian grounds. Capitalism refers to a profit or market system (Shaw‚ 2008; Gray‚ 2011). In this system‚ economic activity is private and operates with the goal of making a profit
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The Unpopular‚ Successful Auto Bailout Imagine this ----- GM‚ FORD AND CHRYSLER – The three pioneer automakers of U.S going bankrupt! This would have been an absolute reality if Mr Barrack Obama had not decided to let the world and specifically American citizens to continue being associated with the major U.S automaker brands. In December 2008‚ the three major U.S. auto industry companies -- GM‚ Chrysler and Ford -- asked the government for a $34 billion bailout to avoid bankruptcy. The Big 3
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billion Auto Bailout GM and Chrysler get $17.4 Billion Bailout Thesis: Some have even asked the question as to why is the Federal Government giving Gm and Chrysler a 17.4 Billion dollar bailout when so many people are losing their homes? An emergency loan prevented bankruptcy for two Detroit automakers today‚ in a 17.4 billion dollar package given to General Motors and Chrysler‚ the Washington Post reported today. The Post notes that this is only the beginning of a financial bailout for the
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The abortion and the utilitarian view Abortion is a sensitive topic that requires a considerable amount of understanding when addressing the ethics behind it. Abortion is defined as the termination of pregnancy thus ending the life of the embryo/fetus prematurely (Matthews MP‚ Dutt T‚ 1998). My ethical justification for abortion stems from a utilitarianism standpoint. When using the utilitarian consequential principle of ethics‚ we establish a set of general morals and rules in which we can apply
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