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2074 Final Notes Essay

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Amartya Sen-Does Business Ethics Make Sense?
Adam Smith: we are motivated by self interest, and through the invisible hand comes free market competition. This naturally to social utility. / Butcher-brewer-baker quote demonstrates that the exchange of goods if for the benefit of both parties, without no ethics involved in the exchange. / Though competition, comes social harmony and utility. The market is a self correcting mechanism because it forces us to be truthful and honest, we should not scam people because this is not beneficial to us in the future.
Sen-Trust: Smith’s point is not entirely true. / Trust is what ultimately makes exchange works, if we do not trust others, nothing would ever het done. We may be self interested, but we …show more content…

/ Importance of ethics is also reflected in the performance of producing in different economies, such as Japan, code of honer and rule based behaviour has led to the creation of a efficient economy. / In summary, there are two ways in which good business behaviour can make economic sense:1.Improvement in society as a reward in itself. 2.Good behaviour can result in better performance, leading to more profit.

Heather Salazar-Kantian Business Ethics
Kant: It’s not only what you do that matters, but your motivation behind it as well. / Duty to do something depends not on the other’s rights, but on the rational assessment of what is the right thing to do based on the various types of relationships that you have with that person. / The only thing that is intrinsically good is the good will, rationality to do what is right for the right reason. / Good will is the only thing fully under our control. / Good will is being motivated to do what is good for the right reasons. The right reasons are ones that are rational. / Motivation should come from moral law or duty.
Determining Moral Worth of an Action: Formulate a Maxim-for-Action. /Is it the right thing to do and is your motivation right? /If it is coming from good will, you should do it. /If it does not come from good will, but it is consistent with it, the action is good but you are not doing it for the right reasons, so your act should not be

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