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The word utility is used to mean general well-being or happiness, and Mill's view is that utility is the consequence of a good action. Utility, within the context of utilitarianism, refers to people performing actions for social utility. By social utility, he means the well-being of many people.
Act utilitarianism is a utilitarian theory of ethics that states that a person's act is morally right if and only if it produces the best possible results in that specific situation. Classical utilitarians, including Jeremy Bentham , John Stuart Mill , and Henry Sidgwick , define happiness as pleasure and the absence of pain.
Since what is good and right depends solely on individual preferences, there can be nothing that is in itself good or bad: for preference utilitarians, the source of both morality and ethics in general is subjective preference. [3]
In economics, utility is a measure of a certain person's satisfaction from a certain state of the world. Over time, the term has been used with at least two meanings. In a normative context, utility refers to a goal or objective that we wish to maximize, i.e., an objective function.
Utilitarian ethics would allow for such a decision given that if there is no benefit from the intervention, than resources as being used ineffectively and therefore effecting others in society, decreasing overall happiness. Some argue that the law is inherently flawed, in that what some physicians find futile-care, others might not agree. [13]
Since happiness is the only intrinsic good, and since more happiness is preferable to less, the goal of the ethical life is to maximize happiness. This is what Bentham and Mill call "the principle of utility" or "the greatest-happiness principle." Both Bentham and Mill thus endorse "classical" or "hedonistic" forms of utilitarianism. [4]
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Postmodern ethics instead focuses on how moral demands arise in specific situations as one encounters other people. [76] The practices of compassion and loving-kindness are key elements of Buddhist ethics. Ethical egoism is the view that people should act in their self-interest or that an action is morally right if the person acts for their own ...