The Similarities Between Ethical Capitalism And Act Utilitarianism

Believing in ethical egoism means that you’re classifying all humans in two groups; you and the rest of the world. You believe your values are better and are right compared to other people’s values. If you think your duty is to do what is best for yourself, and you do not care about others only if they benefit you, it can lead to many problems. You can use the example of a 60-year-old man shooting his letter carrier seven times because he was $90,000 in debt and thought that being in prison would be better than being homeless. This guy in making the decision to kill the letter carrier was thinking about himself. He was not thinking about the letter carrier, his family, etc. If you believe in ethical egoism, you would conclude that it was normal for the 60-year-old guy to do and you have to accept his

Ethical egoism is the normative theory that the promotion of one's own good is in accordance with morality. In the strong version, it is held that it is always moral to promote one's own good, and it is never moral not to promote it. In the weak version, it is said that although it is always moral to promote one's own good, it is not necessarily never moral to not. That is, there may be conditions in which the avoidance of personal interest may be a moral action.

Two different forms of utilitarianism are described in our text. The first is called act utilitarianism. According to Shaw and Barry, act utilitarianism states that we must ask ourselves what the consequences of a particular act in a particular situation will be for all those affected (p.60).

The premise of this theory is that an act is right if and only if it produces the greatest possible average outcome for everyone. Egoism and Utilitarianism are similar in the fact that they both make judgements that are purely dependent on the consequences. The largest difference between the two theories is that egoism has no primary regard for how actions affect others, while utilitarianism is concerned with the overall outcome for all.

On the other hand, ethical egoism is a theory that prescribes moral obligation, where all people should be motivated out of self interest (Rachels, 2003, p. 70). This means that every person ought to act in a way that is best for him/herself. Ethical egoism claims that it is moral for all of an individual’s actions to be based on self-interest, without concerning him/herself with the interests of others. In fact, this thought may be continued by stating that altruism is, therefore, personally hindering and even demeaning (Brink, 1997, p. 122). Hence, ethical egoism must consequently mean that actions taken in an individual’s self-interest are moral actions, and actions taken that are not self-beneficial to an individual are immoral and should, as a result, be avoided.

For example, there is a hunter who wonders if it is morally acceptable to kill a deer. Act Utilitarianism analyzes the effects of this one action to decide if it is moral by assigning a value to the amount of pleasure and pain each individual involved will experience. In this case the hunter and his family will experience the pleasure of having food from eating the deer, many of the neighbors of the hunter will experience pleasure by having the deer off their property, and the deer’s family will experience the pain of the loss of a family member. If the outcome is that the net value of pleasure is greater than the pain caused by the killing of the deer, it is morally right for the hunter to kill it.

Ethical egoism claims that all our actions can be reduced to self-interest. This is a controversial moral theory which sometimes can be detrimental. Without a well-defined framework of the nature of self-interest, ethical egoism enlarges the animalistic nature of humanity in which can result in unfavorable consequences. Ethical egoism also fails to provide a solution when a conflict of interest arises. By only acting out of one’s self

According to Shafer-Landau, act utilitarianism holds “that an action is morally required just because it does more to improve overall well-being than any other action you could have done in the circumstances” (122). Doing anything that does not provide well-being is not inherently moral, thus utilitarianism requires one to act with well-being in mind at all times. Furthermore, one has to be impartial, meaning no bias can be involved regarding the group of people one affects. Some find this to be a desirable aspect of utilitarianism, while others use this as a premise to object utilitarianism.

Utilitarianism is the moral doctrine that we should always act to produce the greatest possible balance of good over bad for everyone affected by our actions (Shaw & Barry, 62).

At times, ethical egoism can benefit the larger group, as in a doctor in a rural town with free rent and a captive audience. The city provides the rent, the doctor the care, but all benefit.

2. To begin, I will be defining both act and rule utilitarianism. In act utilitarianism, you determine the morality of an act by measuring the pleasures and pains for a specific situation Angeles 326). Act utilitarians take into consideration only those affected in the specific situation. However, rule utilitarianism determines the morality of an act “according to the good or bad consequences that ensue from following a general moral rule of conduct…” (Angeles 326). Good examples of those general moral rules are phrases like, never steal or never tell a lie. In any situation, people can use either act or rule utilitarianism to determine the correct course of action.

“People act for many reasons; but for whom, or what, do or should they act—for themselves, for God, or for the good of the planet?” (Moseley) An egoist would argue that one acts for one’s own self. More specifically, an ethical egoist is one who thrives to improve ones own self being, with much respect to morality. Ethical Egoism is the theory that one should pursue his or her own interest above all the rest. It is the idea that all persons should act from their own self interest in relation to morality.

Act utilitarianism maintain that the correct action in any situation is the one that will have a result which brings benefit and more wellbeing to the most of people, than any other offered actions creates.

The three arguments for Ethical Egoism discussed are: 1) Altruism is self-defeating; 2) Ethical Egoism as the moral theory of a rational agent; 3) Ethical Egoism is compatible with common sense morality

Ethical Egoism is a normative claim; it believes that individuals should always in their best interest. Another view of ethical egoism is that a person should act according to his own self-interest even if it goes against the values and beliefs of others.