In “The Elements of Moral Philosophy” James Rachels discusses the positives and negatives regarding the concept of cultural relativism‚ but his overall position is that cultural relativism is not a strong philosophy. On the flip side of that Immanuel Kant has a completely different ethical theory that is based around deontology. Despite its positives cultural relativism cannot be defended against Rachel’s criticism‚ but Kant’s ethical theory cannot necessarily defeat cultural relativism. Cultural
Premium Morality Ethics Immanuel Kant
Finance‚ Vol. 34‚ 3‚ pp. 621-632 Talmor‚ E (1984) “The determination of corporate optimal capital structure under value maximzation and information asymmetry”‚ Journal of Economics and Business‚ Vol. 36‚ 1‚ pp. 65-75 Theilen‚ B. (2003) “Simultabeous moral hazard and adverse selection with risk averse agents”‚ Economics Letters‚ Vol. 79‚ 2‚ pp. 283-289 Philosophov‚ L. V. & Philosophov‚ V. L. (1999) “Optimization of corporate capital structure: A probabilistic Bayesian approach”‚ International Review
Premium Finance Weighted average cost of capital Economics
Chapter 1 1. Has the inflation rate in Canada increased or decreased in the past few years? What about interest rates? R/. The inflation rate of CAnada is low. The inflation rate was at 1.10 % in August. And the interest rate was declining. In one news said that on 1915 until 2013‚ the Canada ’s inflation rate 3.2% reaching an all time high of 21.6% in June of 1920 and got a record low at -17.8% in June of 1921. 2. If history repeats itself and we see a decline in the rate of money growth
Premium Debt Money Inflation
Ethics Book Quiz 1. What are the two key criticisms of ethics discussed in this chapter? Not being moral‚ human behavior and consider right and wrong. Not being ethical‚ take responsibility‚ act in the best interest to others‚ be fair‚ also help others 2. What are the four possible sources of ethical beliefs? Authority -An action is right or wrong because “someone said so.” Culture-The idea that the morality of an action depends on the beliefs of one cultures or nation. Intuition – Is the
Premium Morality Ethics Immanuel Kant
Introduction Moral relativism is a moral or ethical proposition that does not reflect the objective and / or universal moral truths of the position‚ but rather requires the situation with respect to social‚ cultural‚ historical or personal circumstances. It does not deny the truth value or justification of moral statements (as a form of moral anti realism)‚ but it is certain of their relative form. A moral relativist pointed out that human beings are not omniscient‚ and history is full of personal
Premium Morality Ethics Immanuel Kant
for the future participants • Advice for the SIWES managers • Appendices ACKNOWLEDGEMENT A work of this nature cannot be done and produced successfully without the help‚ goodwill‚ co-operation and moral assistance of others. This is to say that this work is not a product of my personal effort since “nobody is an Island” and “A tree cannot make a forest” so to say. First and foremost‚ I want to acknowledge Almighty God that makes it possible for
Premium Acknowledgment Collaboration
School." Liberty University Christian College Education. Web. 13 Oct. 2013. Moral Relativism is what determines whether the action or conduct is right or wrong. This article states how from a moral absolutist standpoint‚ some things are always right‚ while some things are always wrong no matter how much one tries to rationalize them. At the same time‚ this article defines moral relativism as the belief that conflicting moral beliefs are true. What this means is that what you think is morally right
Premium Morality Ethics Moral absolutism
"ethics‚ in all its forms‚ is concerned with right or wrong‚ good or bad"(Duska‚ 2011). The Christian worldview of ethics is a major topic that is debated throughout the world. The biblical basis of Christian ethics is "firmly rooted in the unchanging moral character of God"(Paris‚ 2014). God is never changing‚ He even tells us in His Word that he does not change‚ "I the Lord do not change. So you‚ the descendants of Jacob‚ are not destroyed"(Malachi 3:6). In today ’s time there are many ethical viewpoints
Premium Morality Ethics Philosophy
The Natural law philosophy is a system in place for the right of all humans. “The natural law theory is a theory of ethics that holds that there are moral laws found in nature and discernable by the use of reason” (MacKinnon 2015). This theory law theory identifies the actions of humans and categorized them either right or wrong. Virtue Ethics is often used to define characteristics standard of a person. Virtue Ethics normative theory that maintains that the focus of morality is habits‚ dispositions
Premium Morality Ethics Philosophy
agent problem. Two particularly significant consequences of this reliance are “moral hazard” and “adverse selection”. Daniel W. Bromley (1989)‚ states that the principal must rely on indicators of success rather than success itself (adverse selection)‚ while the agent directs attention toward the satisfaction of proxy measures rather than toward the success of the task itself. (moral hazard). The “hazard” in moral hazard refers to the fact that the individual has an incentive to direct behaviour
Premium Market failure Information asymmetry Principal-agent problem