Business Ethics

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Ethics/morality

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The branch of philosophy that examines right from wrong

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Impartiality

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Fair-mindedness

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Sound argument

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A valid argument in which each premise is true

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Conscientious Moral Agent

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Someone who is concerned impartially with the interests of everyone affected by what he or she does

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Discrimination

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The unjust or prejudicial treatment of different catagories of people

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Slippery Slope

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A course of action which will lead to something disastrous

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Producer Consciousness

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Consumer Consciousness

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Consequentialism

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The morality is to be judged solely by it's consequences

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Utilitarianism

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an action is right insifar as it promotes happiness, and it is the greatest happiness of the greatest number should be the guiding pronciple of conduct

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John Stuart Mill

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An English philosopher, one of the most influential thinkers in the history of liberalism.

Follower of Utilitarianism

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Deontology

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Ethical position that judges the morality of an action based on the action's adherence to a rule or rules.

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Immanual Kant

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Central figure of modern philosophy.

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Fundamental Principles of the Metaphysics of Morals

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Written by Immanuel Kant

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Categorical Imperative

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An unconditional moral obligation that is binding in all circumstances and is not dependant on a person's inclination or purpose

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Hypothetical Imperative

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Is a commandment of reason that applies only conditionally

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Inquiring Murderer

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The right to hide the truth if more good would come from it

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Elizabeth Anscombe

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British philosophy writer

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Contractarianism

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Moral and ethical decisions made by a "social contract"

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Thomas Hobbes

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Author of Leviathan which established the social contract theory

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Levianthan

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Social contract book by Thomas Hobbes

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State of Nature

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The hypothetical conditions of what the lives of people might have been like before societies came into existence.

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John A Rawls

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Author of A Theory of Justice

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Theory of Justice

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Most important book in philosophy since WWII by John A Rawls

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Distributive Justice

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Concerns the nature of a socially just allocation of goods in a society.

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Original Position

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A fair and impartial point of view that is to be adopted in our reasoning about fundamental principles of justice

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Veil of Ignorance

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You imagine yourself in an original position behind a veil of ignorance. Behind this veil, you know nothing of yourself.

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Prisoner's Dilemma

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A game theory of two each have two options whose outcome depends crucially on the simultaneous choice made by the other.

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Civil Disobedience

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The active, professed refusal to obey certain laws, demands, and commands of a government

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Professional

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An experienced person at their given occupation

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Michael Bayles

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Philosophical writer of many texts of professionalism v. Business ethics.

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Bernard Barber

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Creator of the social system theory

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Separatist Thesis

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Theoretical proposition stating that professionals have distrinctly different ethics than do citizens.

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Karl Marx

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Philospher and Economist. Author of The Communist Manifesto. Forefathet of Marxism

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Communist Manifesto

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Political pamphlet by Karl Marx.

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Bourgeoisie

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Proletariat

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Workers regarded collectively

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Means of Production

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Alienation

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A condition in social relationships reflected by a low degree of integration or common values, a high level of distance or isolation between individual and a group of people

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The Real Purpose of Government

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John Locke "to help all people achieve equal natural rights, and the government is obliged to protect and serve it's citizens."

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Economic Substructure

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The proletariat

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Social Substructure

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Immiseration of Workers

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Marxist theory implyong that the nature of capitalist production stabilizes real wages, reducing wage growth relative to total value creation in the economy, leading to worsening alienation in the workplace.

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Common Moral Principles

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Widely accepted truths in morality