| Term | Definition |
|---|
| Established in 19th century Separate legal personality, limited liability, transferable shares, investment ownership Has rights: buying, selling, owning, suing, being sued, etc. Includes: stockholders, management, board, employees, creditors, suppliers, local community http://www.youtube.com/watch?v=8SuUzmqBewg | Creation of corporation |
| Free markets and free trade key to economic prosperity Temporary pain for long term gain Competition good for everyone in the long run Keep the government out of business | The two sides of the globalization argument1 |
| Government should protect industries against globalization Protect against unfair competition Nurture and protect emerging industries Prevent capital flight | The two sides of the globalization argument2 |
| john locke, adam smith, ricardo, karl marx | sequence of economic theory |
| Property rights in the era of software copying and file swapping Are scientific discoveries private property? AIDS in Africa | The new millennium |
| A process that describes a person's ability to develop, use and critically evaluate moral standards Develops over the course of a person's life As people mature, their values can change in important ways Just as there are identifiable stages in our physical growth, there are identifiable stages in our moral development | Moral development |
| Apartheid in South Africa No political or civil rights for Blacks Caltex expanded its operations in South Africa at the height of apartheid in the 1980s Many stockholders and media groups called on Caltex to leave South Africa as it was helping the South African government to violate the rights of Blacks and was complicit in their unjust treatment Caltex responded that being in South Africa, it was helping Blacks more than it would by leaving South Africa, and that it had a special responsibility to help its workers, both White and non White. | Caltex in apartheid South Africa |
| Government Policies Public Goods Economics Cost Benefit Analysis Proponents of utilitarianism argue that it promotes efficiency | Where is Utilitarianism being used? |
| How far/wide does justice go? Egalitarian view Capitalist view Socialist view Libertarian view Rawls' view | Scope of Justice |
| Standards of justice - indicate how benefits and burdens should be distributed among the members of a group. These sorts of standards must be employed when evaluating actions whose distributive effects differ in important ways. Standards of caring - indicate the kind of care that is owed to those with whom we have special concrete relationships. Standards of caring are essential when moral questions arise that involve persons embedded in a web of relationships, particularly persons with whom one has close relationships, especially those of dependency | Integrating Utility, Rights, Justice, and Caring2 |
| normative | ethics study |
| choose to cooperate both gain, | prisoners dillema |
| considered valuable only because they lead to other good things | instrumental goods |
| things that are desirable independ of any other benefits that may produce. | intrinsic goods, |
| right every human beings possess to an equal extent simply by virtue of being human beings | moral rights, |
| the reason a person in a certain situation has for doing what he or she plans to do | maxim |
| ought to act except in such a way that i can also will that my maximi should become a universal law. | first formulation of kant |
| act in a way that you always treat humanity, whether in you own person ior in the person of any other, never simply as a means, but always at the same time as an end | second formulation of kant, |
| respect each persons freedom, develop each person capacity to freely choose the aims to pursue | 2 things for kant |
| distributing of oscietys benefits and burdens | distributive justice |
| imposition of punishments and penalties on those who do wrong | retributive justice |
| concerns the just way of compensating people for what they lost when they were wronged by others | compensatory justice |
| view that every indidivudal has a religious obligation to work hard at his calling | puritan ethic |
| view that values individual effort and believes that hard work does and should lead to success | work ethic v |
| claim that productive society will incorporate inequalities but takes stepstoimprove position of the most needy members of society. | john rawrs difference principle |
| an imaginary meetting of rational self interested persons who must choose principles of justice by which their society will be governed | john rawrs oringal position |
| an ethic that sees concrete communities and communcal relationship as fundamental value that should be preserved and maintained | communitarian ethic |
| market competition by adam smith | invisible hand |
| in an economy all available resources are used and demand always expands to absorb the supply of commidieis mamde from them | says law |
| sum of demand of households, businesses, government | aggregate demand |
| belieft that economic competition produces human progress | social darwinism |
| assumption that whtever happens naturally is always for the best | naturallistic fallacy |
| marx view not allowing the lower working classes to develop their productive potential,satisfy their real human needs, or form satifsying human relationships. | alienation |
| materials and social controals that society uses to produce its economic goods | economic substructurue marx |
| a societys government and its popular ideologies | social superstructure marx |
| materials used in production | forces of production marx |
| social controls used in producing goods. | relations of production marx |
| marxist view of history as determined by changes in the economic methods by which humanity produces the materials on which i t must live | historical materialism |
| combined effects of increased concentration, cyclic rises, rising unemployment and decling relative compensation | immiseration by marx |
Combine with other sets
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