Value Systems

Norman Barry

Chapter 2 in Business Ethics, 1998, pp 17-36 from Palgrave Macmillan

Abstract: Abstract In ethical theory there are, to simplify matters, two competing approaches to the evaluation of conduct, whether it is the behaviour of politicians, ordinary people in their daily lives, or business (either the appraisal of the whole system or actions of individual agents operating under its rules); they are the teleological and the deontological.1 These apparently irreconcilable value systems colour, in one form or other, all of our moral judgements. Briefly, teleological judgements are based upon some desirable state of affairs, either for an individual or a group, which some action brings about; and the action is evaluated in accord-ance with its conduciveness to this wanted outcome. It is states of affairs themselves that are intrinsically valuable rather than the moral quality of the actions that bring them about. In contrast, deontological principles relate to those moral duties that restrain us from performing certain actions irrespective of the value of consequences. The duties themselves are intrinsically compelling.

Keywords: Business Ethic; Security Market; Moral Rule; Inside Trading; Pareto Principle (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12386-5_2

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DOI: 10.1007/978-1-349-12386-5_2

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