Moral psychology

A great majority of social and economic relationships are of the principle agent type. The principle-agent problem is a game-theoretic situation where; there is a player (the principal) and one more other players (the agents). This is the problem of how the principle can motivate the agent to act for the principles benefit rather than follow self interest. “The problem is how to devise incentives which lead to report truthfully to the principle on the facts they face and the actions they take

Meta-Ethical Cultural Relativism The thesis of meta-ethical cultural relativism is the philosophical viewpoint that there are no absolute moral truths, only truths relative to the cultural context in which they exist. From this it is therefore presumed that what one society considers to be morally right, another society may consider to be morally wrong, therefore, moral right's and wrongs are only relative to a particular society. Thus cultural relativism implies that what is 'good' is what is 'socially

In the last part of the course, we studied different forms of relativism and how they can be applied to morality. Relativism is in contrast to the universal laws that we studied when we were studying Kant’s Groundwork earlier in the semester. Instead, relativism makes the claim that there are no universal laws that can be applied to morality because every point of view is equally valid and therefore nothing can be said to be morally right or wrong. What we perceive to be right or wrong is based

have different moral codes and that there is no true moral code, and he also provides six claims that are related to cultural relativism, in which some of these he believes are true and the rest false. One of the main objections Rachel’s makes is against the claim of cultural relativism that states that right and wrong come directly from culture. In Rachels eyes this statement means that in order for something to be morally right, it only has to fit within the culture’s own moral code. For example

Coming from The Republic of Ghana, I know firsthand that sweatshops and the child labor that takes place in them can be both dehumanizing and destructive. However, I also understand the benefits of sweatshops. Despite all the facts that prove that sweatshops and the child labor that happens in them are bad, the truth of the matter is that some places have now become so dependent on the income they are receiving from sweatshops that there is no alternative in their minds. In addition, some kids have

During the 1800s, the concept of national character was a subject of development and discussion, especially in France. Many philosophers had an agreement in general that each nation was/had unique characteristics, but there are many opinions as to what makes a national character. There was a lot of focus on the spiritual and physical characteristics and their role in shaping the national traits. These philosophers had a different perspective on the relationship between the national character and

‘Is there such a thing as moral truth? What bearing does this have on law?’ Some would say that moral truth is another word for moral objectivism, since if something is true, then it means it’s an unchanging fact, hence it’s objective. Moral objectivism is the view that what is right or wrong is not dependent on individual or societal opinion, but instead is grounded on facts that are external to human society. It’s opposite is moral relativism which states that what is right or wrong varies according

obscure way. The users will have to use these services with their moral conscience as well. A user could encounter a service at a restaurant that they pay for that is not up to the standards; they can post up on Yelp or similar review sites about that restaurant. These reviews are valuable to the restaurants and they will do the best they can to please the customers. If the reviews are malicious in nature, they will not be moral. However, if the review is a critique of the restaurant in a manner

subconscious layer. We may not be aware of them, but they are our true convictions. Individualism The soul is the primary reality and one’s lifestyle should be centered in oneself. When you buy into individualism you serve as your own moral scruples. You are more likely to justify your means for your conclusions. If you believe it is immoral for others to impose their standards on you. You become the authority on what is proper and wrong for yourself. Freedom and fulfillment are our

The Savings & Loans crisis of the 1980s produced the biggest collapse of US financial institutions since the Great Depression. It emerged due to volatile interest rate climate in late 1970s when depositors withdrew from these S&L institutions in large number and put them in money market funds where they could get higher returns as these money market funds were not under the purview of Regulation Q which restricted the interest these S&Ls could offer to their depositors. 1) How did the crisis begin