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In a narrow sense, value theory is a subdiscipline of ethics that is particularly relevant to the school of consequentialism since it determines how to assess the value of consequences. [6] The word axiology has its origin in the ancient Greek terms ἄξιος (axios, meaning ' worth ' or ' value ') and λόγος (logos, meaning ' study ' or ...
Ethics is a philosophical field which is concerned with morality, and in particular, the conduction of the right action. The defining of what the 'right' action is influenced by axiological thought in itself, much like the defining of 'beauty' within the philosophical branch of aesthetics .
Statements of value (normative or prescriptive statements), which encompass ethics and aesthetics, and are studied via axiology. This barrier between fact and value, as construed in epistemology, implies it is impossible to derive ethical claims from factual arguments, or to defend the former using the latter. [2]
Economic ethics is the combination of economics and ethics, incorporating both disciplines to predict, analyze, and model economic phenomena.. It can be summarised as the theoretical ethical prerequisites and foundations of economic systems.
John Dewey [34] has pointed out that the unity of aesthetics and ethics is in fact reflected in our understanding of behaviour being "fair"—the word having a double meaning of attractive and morally acceptable. More recently, James Page [35] has suggested that aesthetic ethics might be taken to form a philosophical rationale for peace education.
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.
The ethics of economic systems deals with the issues such as how it is right (just, fair) to keep or distribute economic goods. Economic systems as a product of collective activity allow examination of their ethical consequences for all of their participants. Ethics and economics relates ethical studies to welfare economics. [10]
(In the case where the number of properties is countably infinite, the extrinsic dimension of value, the exposition as well as the mere definition of a specific concept is taken into consideration.) Hartman quantifies this notion by the principle that each property of the thing is worth as much as each other property, depending on the level of ...