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Week 3 notes of Ethics

by: Neha Bhagirath

Week 3 notes of Ethics PHI 1120, Professional Ethics

Neha Bhagirath

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About this Document

Here are the third week's worth of notes for Professional Ethics with Travis Figg
Professional Ethics
Dr. Travis Figg
Class Notes
25 ?




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This 2 page Class Notes was uploaded by Neha Bhagirath on Tuesday May 31, 2016. The Class Notes belongs to PHI 1120, Professional Ethics at Wayne State University taught by Dr. Travis Figg in Spring 2016. Since its upload, it has received 7 views. For similar materials see Professional Ethics in PHIL-Philosophy at Wayne State University.


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Date Created: 05/31/16
  Day 5  Friedman­corporations ought to seek profit   ­Taxation  ­Stealing   ­Arrow says that   ­Profit represents social approval and businesses/corporations pay the costs when they do ill  ­Concept in economics called “Pareto Efficiency,” which Arrow mentions. It is when there is no  way to redistribute wealth to make someone better off and no one worse off (this means that like  the cake analogy ­­ the cake analogy and if someone wants the cake but you don’t, then they  are both better off­­ that is NOT pareto efficient. But if someone wants the cake now, and you  want it too, then it would be pareto efficient to give it away)  ­given certain assumptions, a free market system will create pareto efficiency. (assumptions:  you have rigorous competition, and rational agents, full informance.) A pareto efficient system  can be unequal in distribution, (ex. One can be very rich and one very poor), as long as the  case is that if the person who is more rich, if they give up money they’ll be worse off     Orlando   Purpose of corporations is to make profit.   ­Investors are owners and invest to make profit   ­Property for use and property for profit (as long as you are not hurting anyone else, you can do  what you want with your property, unless (Friedman thinks this is the exception) if you are using  it to make money. For example, if you have apartments rented and there are people living there,  and some people move in and are willing to pay more. Would it be wrong to kick out the old  tenants to make money? But you own the complex right? But that is why Friedman says you  cannot use it to make money) It seems that it is unacceptable to have someone do for YOU  what it is unacceptable for you to do yourself.    Day 6  ­Duties: to self, employers/clients/society   ­Bok, Davis​­think that whistleblowing is violation of company loyalty  Duska​ ­he says that you don’t owe loyalty to companies/corporations because they aren’t  looking out for your interests, so whistleblowing would not be a violation. The kinds of groups  you can owe loyalty to are the kinds that look out for each other (friends, a club, religious  groups)  Degeorge:​  When whistleblowing is permissible: the business will do harm, when you have  reported the issue to supervisor, problem is not fixed, when you exhaust internal means of fixing  problem  When is is required: you have evidence that would convince a reasonable, impartial bystander,  and you have good reason to believe that Whistleblowing will prevent the harm, then you are  required to blow the whistle  ­Davis: tries to make a theory of whistleblowing to avoid the problems  1)paradox of burden  2)paradox of harm  3)paradox of failure  Supererogatory ­ above and beyond normal obligation      1)what you will reveal derives from your own work in the org  2)you are a voluntary member of the org   3)you believe the org, though legitimate, is engaged in serious wrongdoing   4)you believe your work will contribute to the wrongdoing if you do not whistleblow   5)you are justified believing 3 and 4   6)3 and 4 are true     Do you owe (prima facie) loyalty to the government?  If so, why?    Government does not equal the people, government represents the people and enshrines  society’s values and protects social good through law   Society based mutual benefit     


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