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469 BCE
SOCRATES (469-399BC)
-Socrates was a Greek philosopher from Athens who is credited as the founder of Western philosophy and among the first moral philosophers of the ethical tradition of thought.
-He believed that people only did wrong when the perceived benefits outweighed the costs.
-“No one commits an evil act knowingly, and doing wrong arises out of ignorance.” -
428 BCE
PLATO (428-348 BC)
-Plato was an Ancient Greek philosopher born in Athens during the Classical period in Ancient Greece.
-He believed that moral values are objective in the sense that they exist in a spirit-like realm beyond subjective human conventions.
-His main concern was to challenge the common perception of goodness.
-For him, virtue is neither a minor good nor an impediment to living a happy life.
-It is only by being virtuous that we can hope to be happy. -
384 BCE
ARISTOTLE (384-322 BC)
-Aristotle was an Ancient Greek philosopher and polymath.
-His ethics are concerned with action, not with right action in and of itself, but with actions that are beneficial to man.
-His principle, “The Golden Mean Principle,” states that to be happy, live a life of moderation.
-Example: excessive profit leads to greed, and a lack of profit leads to bankruptcy. -
UTILITARIANISM
-Utilitarianism is a philosophical tradition associated with Jeremy Bentham (1747-1832) and John Stuart Mill (1806-1873), two late-eighteenth- and nineteenth-century British philosophers.
-Its ethics are explained as, “do whatever produces the greatest good for the greatest number.”
-It contends that what makes an act right are its consequences, not the motivation for the act.
-Its principle is used in Cost-Benefit Analysis and resolution of Labor-Management conflicts. -
MORAL POSITIVISM (EARLY 1900s)
-Thomas Hobbes (1588–1679), was an English philosopher.
-He believes that humans are fundamentally selfish creatures who will go to any length to advance their status.
-“People would act on their evil impulses if left alone for themselves; therefore, they
should not be trusted to make decisions on their own.”
-His moral positivism predicts a chaotic outcome if laws are not followed.
--An example of moral positivism in business applications is adherence to laws & regulations.