BLW 201 week 1 notes: Intro
BLW 201 week 1 notes: Intro MGT 248
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This 6 page Class Notes was uploaded by Shannon Panagopoulos on Thursday January 14, 2016. The Class Notes belongs to MGT 248 at DePaul University taught by Daniel Pepe in Summer 2015. Since its upload, it has received 56 views. For similar materials see business ethics in Ethics at DePaul University.
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Date Created: 01/14/16
Constitutional Law fundamental law of a government establishing its powers and limitations Judicial Law Common Law body of law developed by the courts and Equity based upon principles distinct from common law and providing remedies not available at law Legislative Law statutes adopted by legislative bodies includes Treaties and Executive Orders Administrative Law rules, regulations, orders, and decisions made by administrative agencies Hierarchy of Law: Substantive and Procedural Law Substantive— law creating rights and duties Procedural— rules for enforcing substantive law Public and Private Law Public— law dealing with the relationship between government and individuals Private— law governing the relationships among individuals and legal entities Civil and Criminal Law Civil— law dealing with rights and duties the violation of which constitutes a wrong against an individual or other legal entity Criminal— law establishing duties which, if violated, constitute a wrong against the entire community Nature of law: Definition of Law—a rule of civil conduct prescribed by the supreme power in a state, commanding what is right, and prohibiting what is wrong” (Blackstone) th John Austin (19 Century English jurist): A general command that a state or a sovereign makes to those who are subject to its authority by laying down a course of action enforced by judicial or administrative tribunals. Functions of Law — to maintain stability in the social, political, and economic system through dispute resolution, protection of property, and the preservation of the state, while simultaneously permitting ordered change Legal Sanctions — are means by which the law enforces the decisions of the courts Law and Morals — are different but overlapping; law provides sanctions, while morals do not Law and Justice — are separate and distinct concepts; justice is the fair, equitable, and impartial treatment of competing interests with due regard for the common good Natural Law A Merger of Law and Morals What is the origin of natural law? According to many historians, the first generally recognized mention of natural law was found in the play Antigone, by Sophocles. Law— “A rule of civil conduct prescribed by the supreme power in a state, commanding what is right, and prohibiting what is wrong” (Blackstone) Ethics set of moral principles or values that governs the conduct of an individual or a group Law and Ethics — are different but overlapping; law provides sanctions, while ethics does not. Business Ethics Standards of minimally acceptable conduct by those engaged in business involving the duties people in business owe to each other, their customers the government and the public. Analogous to natural law. (Aristotle)Justice: Habit of getting what is fair. The proper function of humankind by its nature is rationality (powers of knowing and choosing). This concentration on the power of rationality as our proper function shows us the basic dimensions of our ethics and politics. Natural justice involves a sense of what is due or fair. (Locke) On natural law: Government is instituted to ensure that the rights of all citizens are respected, and to promote the good of the citizens. Locke’s concept of government is based on the idea of a social contract in which people agree to give up some rights to a government for their own good. Overview of Nicomachean Ethics Nature of Ethics The Good Happiness Virtue Moral virtues • Courage • Selfcontrol Intellectual virtues • Wisdom The virtuous life Why study the ethics? Business managers today would do well to study Aristotle’s Nichomachean Ethics in order to develop a strong code of business ethics to avoid ever having to face legal difficulties like those now faced by errant corporations, their senior officers and legal advisers. A manager who practices a strict code of ethics will never have to worry about having to learn the fine points of criminal law for his defense. The Nature of Ethics Everyone tries in their lives and actions to achieve happiness. Happiness, or eudaimonia, (ευδαιμονια) is the supreme practical good. It is perfect, final, and selfsufficient or complete in itself. Happiness can be described as independent of fortune. Aristotle’s vision of happiness, ευδαιμονια, refers to happiness achieved through living an active life governed by reason. The Good There are things good in themselves and things good as a means to the good. Good may be defined as that for which everything else is done. If there are several final ends, the one which is the most final is the one we are seeking: Happiness is the most desirable of all the good. Reaching happiness (Aristotle) None of man’s functions possesses the quality of permanence so fully as those activities in conformity with virtue. The happy man will remain happy throughout his life because he will be most often employed in doing and contemplating the things that will be in conformity with virtue. Arete= excellence/virtue; In Aristotle’s time, to be noble, good and beautiful could be regarded as going hand in hand. General concept of happiness: living well and doing well. One needs a proper upbringing in moral conduct. Fundamental principles must be learned and applied through habit. That act of soul which is the highest act is to act rationally. If you do that well you will be happy Intro to Nicomachean Ethics Introduction: Aristotle, like Plato, believed that acting like a human being is to act as a rational animal. One who acts as a rational human being should act as a good human being. The activity of living a good life is the proper aim or goal of humans. The aim of ethics is good action, eupraxia. The study of ethics is based on the premise that moral behavior is good. One can only begin the study of Aristotle’s Ethics is he has been brought up properly by one’s parents to start with that basic premise and accept it. One must practice good moral behavior sufficiently so that it becomes second nature to one, habitual. In fact, ethics is derived from the Greek word εθoς (ethos), habit For Aristotle, the end of our existence is happiness. Happiness can be described as living well, acting well, living life in accord with virtue. Aristotle describes a set of characteristics or qualities which allow a man to properly fulfill his function as a man. αρετη (arête), virtue, excellence. Aristotle discusses how living life well, living the good life, means practicing the virtues, which we discuss throughout his text. The goal of these virtues is to allow one to be able to live a life of happiness. One must exercise choice to choose the correct path to reach happiness.
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