Ethical Analysis Of John Rawls

Improved Essays
Ethical theories together with the principles are referred as the foundation of the ethical analysis as they determine the guidance of the decision making. Every theory emphasizes on different points for example predicting results as well as following up one 's responsibility to others to make an ethical decision.
Justice
It consist providing rights to an individual or set of right by the society and is protected and highly prioritized. Rights are referred as ethically correct.
Virtue
Virtue is very different when compared to the other ethnic theories as it concentrates on an individual 's feature and not importantly person 's behavior. When looking at unethical status, the virtue theory focuses on the individuals ' reputation as well as
…show more content…
Rawls and the ethical theories
The original position is a core quality of John Rawls 's social enforce role of justice that is justice considered to fairness. There is a plan of a fair as well as unbiased point of focus which is to be related to the argument of principles of fundamental principles justice. Focusing on this view, it 's better to consider an individual in the free stand together with similar people who collectively agree on as well as compromise themselves to social principles together with the justice in political (Rawls & Grcic, 2011). The differentiating factor of the initial stand is the veil of
…show more content…
He cheated his investors, his employees, and even his family into believing that he was conducting successful legitimate and legal securities transactions (Idowu & Capaldi, 2013). From the moral view, this would be an example of white collar crime. The offense develops victims by establishing trust as well as respectability. The victims in this incidence believe the clients who found there were a lot of checks and balances that certified the investment operations as legitimate (Pollard 2012). Madoff was educated and experienced personnel in a position of trust, power, respectability as well as responsibility who lost his trust for personal gains. The big question that triggers in mind is why that one person deceived many individuals. The family members were to be held responsible for the awareness of the operations. It relates to the ethical of justice where the cheated should be done justice and their money returned (Yu, Tao, & Ivanhoe, 2010). On the other hand, it refers to the ethic of Aristotle is that the activity of the Madoff is not moral but immoral. The relation between the two on the thus case is that they both correct the unethical situation and give a definition on the ethic. The control as well as compliance standards are enhanced by the

Related Documents

  • Improved Essays

    Unfortunately, the vast majority of “Ponzi” scheme victims receive nominal restitution if at all. That said, do the victims bear some ethical responsibility as it relates to their participation in the fraud? Certainly, many will recall the memorable…

    • 281 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Principles of Justice vs. Utlitarianism Justice is a social concept that is used as an assessment tool in various social institutions such as government, courts, economic systems and education. John Rawls proposed two principles of justice that will help govern in the creation of social and political practices that are fair to all (p. 52): • Rawls’ first principle of justice states that “each person is to have an equal right to the most extensive scheme of equal basic liberties compatible with a similar scheme of liberties for others (p. 53).” • The second principle: “social and economic inequalities are to be arranged so that they are both a) reasonably expected to be everyone’s advantage, and b) attached to positions and offices open to all”.…

    • 818 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Many philosophical scholars believe that justice, liberty, law, and equality are an important aspect among the commonwealth of the nation. Moreover, this paper will focus on the two important political philosophers that argue with the notion and importance of equality and justice in the western society. These philosophers include: Robert Nozick and John Rawls. John Rawls claims that equality and justice is derived from an equal distribution of opportunities, income, wealth, for the general social advantage of the citizen, which includes welfare. Whereas, Robert Nozick defines equality and justice as an entailment to oneself.…

    • 320 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    All fraudulent individuals have three aspects in common: the opportunity to commit a crime, the financial pressure to ignite thoughts to commit a crime, and the rationalization to make a crime seem less ethically incorrect than it really is to commit (Will et al). Barry Minkow, after gaining high power and praise in the market by reporters and Oprah Winfrey herself, had all three of these aspects allowing him to commit his fraudulent white collar crime worth more than $200 million on paper (Ciulla). When Minkow was 16, he started his own carpet cleaning business in his parents’ garage under the name of ZZZZ Best (Ciulla). People viewed Minkow as a prosperous young entrepreneur, but they didn’t know that his carpet cleaning business was all…

    • 637 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    To this day, one of the most well known American swindlers and criminals of the administrative field is Bernard Madoff. The opportunist made it seem as though he was a caring nice individual that could be trusted, but the real truth was that he was a crazed and greedy criminal. It came as a shock to most people when he confessed to the crimes he had committed because he was a master at hiding the person he truly was. The people he worked so closely with believed in him and trusted him whole heartedly and he betrayed them by masterminding one of the largest investment frauds to ever be committed by one person.…

    • 1954 Words
    • 8 Pages
    Great Essays
  • Great Essays

    Karl Marx, John Rawls, and Robert Nozick are three prominent philosophers whose political theories have an important place in the modern political debate about the role of the state, how society should be structured and the concept of justice. Karl Marx was born 1818, his major work was The Communist Manifesto published in 1848. Marx advocated for a type of socialism called communism where the dominant goals are the abolition of private property and class antagonisms through a revolution of the proletariat or working class. John Rawls was born in 1921, his major work was A Theory of Justice published in 1971. Rawl’s defended social liberalism, egalitarianism, and the welfare state in the form of distributive justice.…

    • 1636 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    He argues that a person's liberty is what is most important and should be a priority. The second principle is called the “Difference Principle” which requires social and economic inequalities to be modified so that they can produce an outcome that is fair and equal to all. Rawls’ notion of justice as fairness demands that distribution of the goods of society should be consciously structured in order to provide a fair distribution. His last argument ensures that no one is advantaged or disadvantaged in society, this is called the social contract theory. The “original position” is the main component on Rawls’ social contract account of justice, it allows us to figure out what principle of justice people in society would agree to if we lived in a society of total freedom.…

    • 715 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Bernie Madoff

    • 515 Words
    • 3 Pages

    Social Attitude of the Investment Industry after Bernie Madoff Bernie Madoff could be described as an ethical egotist, one who is heavily involved in an organization that does nothing but take advantage of others for personal gain (Bethel, 2015). As for his co-offenders, their personal values were more from an economic value orientation because they deemed his behavior as ethical and acceptable based upon their own financial gain (Bethel, 2015). Even today, Madoff continues to try to justify his action and writes about the loss of his two sons saying, “The fact that I was trying to protect our family by sheltering them from any knowledge or involvement in my wrong doing still fails to allow me to forgive myself” (Eustachewich, 2015, para. 6). In another interview, he stated his investors had themselves to blame because they were smart, savvy investors (Saulny, 2015). Sadly, Madoff’s lack of value, ethics, and poor judgement has led to him spending a 150 year sentence in federal prison for the $17 billion investment fraud (Eustachewich, 2015).…

    • 515 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    White collar crime can be described as illegal acts, performed by educated people, for personal or organizational gain resulting from deception (Ferrell, Fraedrich, & Ferrell, 2013). With the growth in technology and globalization, individuals often discover loop holes in order to achieve internet fraud, credit card fraud, and healthcare fraud, in addition to insider trading. In addition, good people can be influenced into making bad decisions by following leaders within their organization. Therefore, I believe that white collar crime, for the most part, is the result of a weak organizational code of ethics, providing that a code may exist but not necessarily followed.…

    • 812 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In his work, Theory of Justice, John Rawls describes two principles in which he describes his theory for distributive justice. Rawls interprets the goods described in distributive justice as the power and wealth that stem from institutional positions. The first principle asserts that, “each individual has an equal right to the most extensive liberty compatible with like liberty for all”. (503)…

    • 1178 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    In the case of Bayou Hedge Fund fraud case, Israel and Marino had made promise to the investors who invested $300 million initial funds in Bayou Group to have a return of $7.1 billion. However, they were suffering from the stress given by the investors when the fund started experiencing losses. Israel found the easiest way to solve the problem he encountered at that time compared to the alternation of their strategy or winding up the business. Hence, he decided to cheat by setting up a new corporation to audit the accounts of Bayou Group.…

    • 1413 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    John Rawls in his book Justice as Fairness: A Restatement (2001) characterizes how idealized reasoners, reason in order to validate the two “principles of justice” (42) in a “basic structure” (10) leading to a “well-ordered society” (8). The idealized reasoners do some kind of calculation. With the “original position” (14) and the “veil of ignorance” (15) idealized reasoners can understand the “difference principle” (61). This is an important element of creating a well-ordered society. Mills finds issue with how Rawls uses this ideal as something we should follow.…

    • 1874 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    It is intriguing to see that it took years and years for the investors to come to a realization of their funds being illicitly used. This case raises controversial questions against the supposed lenient Canadian laws surrounding white-collar and corporate crime. Moreover, proceeding highlights the ways in which people are Ponzi schemed and allows citizens to clearly see the possible existing frauds out there. Analyzing this case will allow a better understanding of the causes and the ways to prevention of white-collar crime in relation to my research topic…

    • 1228 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    John Rawls Thought Model

    • 1211 Words
    • 5 Pages

    In this essay, I will detail the thought experiment of John Rawls known as “the original position,” the two principles of justice he believes this thought experiment results in, and, lastly, consider one objection to his claims. I argue that Rawls’ thought experiment offers a decent starting point to consider matters of justice and/or good and bad in society, but becomes compromised when we are asked to presume members behind the “veil of ignorance” do not know their conceptions of good. In A Theory of Justice, John Rawls considers the role of justice in society and posits a simple conception of just society. In Rawls’ view, justice depends upon a “scheme of cooperation” that enables all in society to achieve an agreeable existence, or the…

    • 1211 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Throughout the piece, “justice as fairness” serves as the basis for the liberal approach to citizenship: Justice as fairness is intended as a political conception of justice. While a political conception of justice is, of course a moral conception… justice as fairness framed to apply to what I have called the ‘basic structure’ of a modern constitutional democracy. By this structure I mean such a society’s main political, social, and economic institutions, and how they fit together into one unified system of social cooperation. In other words, Rawls believes that a democracy will most efficiently function when each citizen develops their own moral conception of justice and go on to agreeably pursue these conceptions through diverse plans of action.…

    • 1550 Words
    • 6 Pages
    Superior Essays

Related Topics