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The ethical theory of consequentialism combines the perspectives of ethics and value theory, asserting that the rightness of an action depends on the value of its consequences. Consequentialists compare possible courses of action, saying that people should follow the one leading to the best overall consequences. [ 120 ]
Ethical value denotes something's degree of importance, with the aim of determining what action or life is best to do, or at least attempt to describe the value of different actions. In value theory, the study of ethical value includes the use of other disciplines, such as: anthropology, behavioral economics, business ethics, corporate ...
An object with intrinsic value may be regarded as an end, or in Kantian terminology, as an end-in-itself. [2] The term "intrinsic value" is used in axiology, a branch of philosophy that studies value (including both ethics and aesthetics). All major normative ethical theories identify something as being intrinsically valuable.
[7] [1] Proponents of teleological ethics (Greek: telos, 'end, purpose' + logos, 'science') argue that the moral value of any act consists in its tendency to produce things of intrinsic value, [1] meaning that an act is right if and only if it, or the rule under which it falls, produces, will probably produce, or is intended to produce, a ...
The study of ethical value is also included in value theory. In addition, values have been studied in various disciplines: anthropology , behavioral economics , business ethics , corporate governance , moral philosophy , political sciences , social psychology , sociology and theology .
Value-pluralism is a theory in metaethics, rather than a theory of normative ethics, or a set of values in itself. Oxford philosopher and historian of ideas Isaiah Berlin is credited with being the first to popularize a substantial work describing the theory of objective value-pluralism, bringing it to the attention of academia (cf. the Isaiah ...
In philosophy, axiological ethics is concerned with the values by which people uphold ethical standards, and the investigation and development of theories of ethical behaviour. [ 1 ] [ 2 ] [ 3 ] Axiological ethics investigates and questions what the intellectual bases for a system of values .
Ethics is closely connected to value theory, which studies the nature and types of value, like the contrast between intrinsic and instrumental value. Moral psychology is a related empirical field and investigates psychological processes involved in morality, such as reasoning and the formation of character.