Search results
Results from the WOW.Com Content Network
Economists use this term to describe inefficiencies that can occur when risks are displaced or cannot be fully evaluated, rather than a description of the ethics or morals of the involved parties. Rowell and Connelly offer a detailed description of the genesis of the term moral hazard, [ 5 ] by identifying salient changes in economic thought ...
A cartoon in Hugo Gernsback's Electrical Experimenter lampooning proposed regulations to make radio a monopoly of the US Navy "Everything which is not forbidden is allowed" is a legal maxim. It is the concept that any action can be taken unless there is a law against it.
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.
Legal ethics are principles of conduct that members of the legal profession are expected to observe in their practice. They are an outgrowth of the development of the ...
According to Aristotle, how to lead a good life is one of the central questions of ethics. [1]Ethics, also called moral philosophy, is the study of moral phenomena. It is one of the main branches of philosophy and investigates the nature of morality and the principles that govern the moral evaluation of conduct, character traits, and institutions.
The business's actions and decisions should be primarily ethical before it happens to become an ethical or even legal issue. "In the case of the government, community, and society what was merely an ethical issue can become a legal debate and eventually law." [121] Some emerging ethical issues are:
Bioethics refers to ethical issues regarding biological science, medicine etc. IVF treatment, abortion, genetic engineering, and artificial insemination are a few of the major topics regarding synthetic reproduction. Cloning was the centre of the playing God topic for decades and is still a taboo scientific subject due to this.
The Ethical movement was an outgrowth of the general loss of faith among the intellectuals of the Victorian era.A precursor to the doctrines of the Ethical movement can be found in the South Place Ethical Society, founded in 1793 as the South Place Chapel on Finsbury Square, on the edge of the City of London.