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Immanuel Kant formulates four basic questions that each man has to face,
these are:
- What can I know?
- What should I do?
- What can I believe in?
- Who is man? Or, who am I?
These four fundamental questions serve as a foundation for ethics, though
each is bound to a different discipline, they can be considered in the broadest
sense as the basic starting points of ethics.
However, the same goes for the dark side of human soul. Holocaust, wars,
genocides and corruption startle mankind with the same vigour as all things
spiritual elevate it to the heights. All values human being create tend to form
the impression of being virtuous, but time proves them wrong. As important
question arises from that dichotomy of mankind and its urgency cannot be
trivialized. Therefore, the question of ethics, as prominent twentieth-century
moralist-Emmanuel Levinas puts it, is the question that stands at the
forefront of human thinking.
Professional Ethics and Values 3
Why We Have to Study Ethics
Values coupled with action become virtues, and virtues make possible any
good business corporate relationship. Without a base of shared values, trust
and mutual benefits, today's national and international business world will
fall apart. In keeping with his conviction that virtue and profit must thrive
together, Solomon both examines the ways in which deficient values actually
destroy businesses, and debunks the pervasive myths that encourage
unethical business practices (Solomon, n.d.).
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There is a growing discourse on returning economics to its origins
as a moral science and on strengthening the emphasis on ethics in
economics teaching and research, (Bruni, Sugden & Sandel, 2013)
and (Shiller, R. and Shiller, V., 2011) e.g., see Bruni and Sugden
(2013), Sandel (2013), and Schiller and Schiller (2011). The rise in
support for ethics education has cut across many fields, as
evidenced by the addition of initiatives such as the United Nations
Environmental, Scientific and Cultural Organization (UNESCO)
Ethics Education Programme and by the rapid growth of college-
level ethics requirements and of service learning activities valued
in the billions of US dollars.
…. there are multiple ways in
which economics training The studies of Marwell and Ames in 1981 and Carter and Irons in
might affect society and the 1991 (as cited in Klimza, 2010) found that there are multiple ways
economy through its moral in which economics training might affect society and the economy
content. through its moral content. Although many economists maintain
that they should specify means rather than ends, their education
stresses certain goals and centers on a view of human
nature as self-interested. These factors can insinuate themselves into policy
recommendations, including as they pertain to taxation, regulation,
education and public health. The private sector relies on economists in
various functions, including for consulting on financial markets and
economic forecasting. The undergraduate economics degree is a leading
major for many private and public sector positions and, in some countries,
for post-graduate studies in law, finance, management, marketing and
accounting. Moreover, the potential impact of economics instruction extends
far wider, as it is required for virtually all undergraduate and graduate
business degrees, including the influential MBA degree. Indeed, a voluminous
literature that began with Marwell and Ames 1981 and Carter and Irons
1991(as cited in Klimza, 2010) asks “does studying economics lead to more
self-interested behaviour?”The weight of evidence suggests those trained in
economics do act more selfishly than others, although the results are mixed
on the culpability of economics training per se.
The study of Robbins in 1935 and 1955 (as cited in Engstmengel, 2010)
found that Dooyeweerd conceives the economic as merely an aspect of
reality. The economic an sich, in other words, does not exist. Robin 1935,
(as cited in Engstmengel, 2010) talks about the opinion of economist
Robbins, in respect of distinguishes between a classificatory conception
of economics in which certain kinds of behaviour are marked off as
economic and an analytical one that focuses attention on a particular
aspect of behaviour and economic aspect can be distinguish as a
classificatory conception of economics in which certain kinds of
behaviour are marked off as economic or an analytical one that focuses
Professional Ethics and Values 5
Why We Have to Study Ethics
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The studies of Robins in 1927, 1935 and 1955(as cited in
Engstmengel, 2010) found that Robbins distinguishes nearly the
same components and calls the choice in (4) the economic aspect.
An individual who faces a problem in the form (1)-(3) has to
choose or economise. As stated in the study of Robbins, he defines
economics in a well-known sentence accordingly as the science
which studies human behaviour as a relationship between ends
and scarce means which have alternative uses. For Dooyeweerd
the most crucial term in (1)-(4) is frugality, the avoidance of
superfluous or excessive ways of reaching our aim, which he
regards to be the meaning of kernel in the economic aspect.
Dooyeweerd speak of uneconomical behaviour, namely whenever
it violates the norm of frugality.
Four components of the
economic problem Dooyeweerd believes this economic principle should be given
1. human needs/ends of a positive content by economists in accordance with time and place.
different urgency/importance, In Dooyeweerd statement this means that economics is not merely
empirical, but should also take its normative nature into account.
2. scarcity of the available After all, the economic problem in (1)-(4) involves value-laden
means to satisfy/achieve, concepts as importance, scarcity, choice and frugality. Robbins
3. alternative choices of the agrees in the opinion of Dooyeweerd that economics deals with
destination of, the valuations of economic individuals, but underlines throughout
Robbins essay that economics is not concerned with means and
4. frugal/efficient choice
ends, rather studies for individuals how their progress towards
regarding
their objectives is conditions by the scarcity of means. Apparently
….the most crucial term in 1-4 is economists treat valuations as facts. Robbins himself calls this
frugality, the avoidance of approach purely behaviouristic.
superfluous or excessive ways
of reaching our aim 2. The ethical aspect and its relation to economics
the moral aspect quite narrowly as love. Robbins 1955 (as cited in
Engstmengel, 2010), there can be no single really moral virtue, he
states, which in the last analysis is not a manifestation of this
modal nucleus of the ethical law-sphere. Ethics is not an
autonomous and super-temporal system of morality, but
concerned with various manifestations of love and lovelessness
that is from neighbour love to patriotism. How love is defined
depends inter alia on the relationship between the economic and
ethical aspect.
Course Module
brought to a higher level. Economic theory that lacks attention for
ethical questions is as a consequence still primitive.
Dooyeweerd’s 1949 (as cited in Engstmengel, 2010) there are three reasons
in Dooyeweerd’s workc why economists should be committed to ethics.
First reason: both economics and ethics have an own sphere of norms and
with that valuations. Whereas Robbins believes the economic science is
positive and the economic principle of efficiency involves an “is”. Dooyeweerd
conceives economics as normative and frugality as an “ought.”
Third reason: the disclosure of economics is not wertfrei but coloured by the
“religious” outlook, as Dooyeweerd calls it, of the economists. After all, when
economics zeros in on ethics the ethical and religious convictions of the
economists comes into play. Dooyeweerd believes there is simply no value-
freeness of thinking in both sciences (Engstmengel, 2010).
You were given 100 dollars ($100) to spend for a night. How you will spend
it? Spend it in a night on the town, or you donate it to the reelection
campaign of your favorite politician? Which is the better option? The night on
the town increases your pleasure. While politician’s successful campaign may
lead to more liberty in the long term.
Professional Ethics and Values 9
Why We Have to Study Ethics
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According to Klimsza, strong forms of egoism hold that individuals should be
self-responsible and ambitious in their pursuit of happiness, that they should treat
other individuals as self-responsible trading partners, and that those who are
unable to be self-responsible should be treated through voluntary charity. Strong
forms of altruism argue the opposite, holding that morality is primarily a matter of
helping those who are in need, that charity is more moral than trade, and that the
most moral individuals will be motivated by a spirit of self-sacrifice (Klimsza,
2010).
For example:
Carly worked hard and earned $10 million by the time she was forty. She is
now in semiretirement, enjoying the good life of travel, building her dream
home, managing her investments, and spending time with her family and
friends. Jane, by contrast, inherited $10 million at age forty, gave $9.9 million
away to charity, and lives frugally on the remaining money. Which woman is
more morally admirable?
For Klimsza, both ethical and economic analysis quickly become complex, and
the three questions noted above provide a starting point for integrating the
two fields (Klimsza , 2010).
Glossary
Erudition
The Latin root of erudition is the verb erudire which means "to teach or
train." By showing erudition, you show that you've learned a lot. If you write
with erudition, your readers will know that you are a serious scholar, as long
as you're not too far over their heads.
Holocaust
Is the systematic, bureaucratic, state-sponsored persecution and murder of
six million Jews by the Nazi regime and its collaborators. Holocaust is a word
of Greek origin meaning "sacrifice by fire."
Insinuate
means you imply or suggest something that may or may not be true. If you
say things seemed to go wrong about the time your brother took over, you
insinuate that he had something to do with the decline.
Non-superfluous
In business non-superfluous is not being reasonable in your dealings with
people. "Once you prove your point, any additional comments are simply
superfluous."
Professional Ethics and Values 11
Why We Have to Study Ethics
Non-luxuriance
It signifies the absence of fullness of fullness of life and wealth in people and
places.
Wertfrei
Is German word which means unbiased
You are unbiased if you can assess situations with a completely open mind.
When you have a bias, you look at the situation “from the side,” To be
unbiased you don't have biases affecting you; you are impartial and would
probably make a good judge.
References
Insinuate
Retrieved from https://www.vocabulary.com/dictionary/insinuate
Luxuriant
Retrieved from https://www.vocabulary.com/dictionary/luxuriant
Superfluous
Retrieved fromhttp://www.businessdictionary.com/definition/
superfluous.html
Unbiased
https://www.vocabulary.com/dictionary/unbiased