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Virtue ethics (also aretaic ethics, [a] [1] from Greek ἀρετή ) is a philosophical approach that treats virtue and character as the primary subjects of ethics, in contrast to other ethical systems that put consequences of voluntary acts, principles or rules of conduct, or obedience to divine authority in the primary role.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
As Aristotle says in the Nicomachean Ethics: "at the right times, and on the right occasions, and towards the right persons, and with the right object, and in the right fashion, is the mean course and the best course, and these are characteristics of virtue." [10] For example, generosity is a virtue between the two extremes of miserliness and ...
Influential schools of virtue ethics in ancient philosophy were Aristotelianism and Stoicism. According to Aristotle (384–322 BCE), each virtue [e] is a golden mean between two types of vices: excess and deficiency. For example, courage is a virtue that lies between the deficient state of cowardice and the excessive state of recklessness.
In fact, virtue ethics takes its inspiration from Aristotle's approach to ethics—in particular, sharing his emphasis on character excellence, and ethical psychology. Some philosophers, in particular Bernard Williams, regard Aristotle's ethics as superior to the Utilitarian and Kantian traditions, which have come to be the dominant approaches ...
Applied ethics – using philosophical methods, attempts to identify the morally correct course of action in various fields of human life.. Economics and business Business ethics – concerns questions such as the limits on managers in the pursuit of profit, or the duty of 'whistleblowers' to the general public as opposed to their employers.
For example, if managers are generous towards their suppliers or have donated towards charity, it is expected that there will be an eventual positive effect for the business. [ 29 ] Zen refers to recognising the meaning of life without being influenced by logic or language and embodies the attainment of enlightenment . [ 30 ]
Aristotle included discussions of both temperance [3]: III.10–11 and self-control [3]: VII.1–10 in his pioneering system of virtue ethics.. Aristotle restricts the sphere of temperance to bodily pleasures, and defines temperance as "a mean with regard to pleasures," [3]: III.10 distinct from self-indulgence.