67,126 research outputs found
Adam Smithâs Bourgeois Virtues in Competition
Whether or not capitalism is compatible with ethics is a long standing dispute. We take up an approach to virtue ethics inspired by Adam Smith and consider how market competition influences the virtues most associated with modern commercial society. Up to a point, competition nurtures and supports such virtues as prudence, temperance, civility, industriousness and honesty. But there are also various mechanisms by which competition can have deleterious effects on the institutions and incentives necessary for sustaining even these most commercially friendly of virtues. It is often supposed that if competitive markets are good, more competition must always be better. However, in the long run competition enhancing policies that neglect the nurturing and support of the bourgeois virtues may undermine the continued flourishing of modern commercial society
Lakatos on justificationism
According to the scientific "justificationist" method, knowledge consisted of proven sentences. Classical intellectuals (or "rationalists," in the narrow sense of the term) have accepted extremely varied - and powerful "proofs", through revelation, intellectual intuition, experience. These, with the help of logic, have allowed them to prove any kind of scientific statement. Classical empiricists accepted as axioms only a relatively small set of "factual propositions" that expressed "hard facts". The value of their truth has been established by experience and has been the empirical basis of science.
DOI: 10.13140/RG.2.2.28722.2528
The moral layer of contemporary economics: A virtue-ethics perspective
This paper questions whether the contemporary science of economics and its recommendations are built on sound moral foundations as assessed from a virtue-based definition of ethical behaviour. We argue that the model of man underlying economic analyses can correspond to the model of a virtuous person, and that economics, by advocating reasoned choice and careful resource utilization, makes a positive contribution to the moral development of individuals.Economics; Efficiency; Rationality; Tastes; Virtue Ethics
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Public health reasoning: a logical view of trust
The public has a pact with the experts who deliver public health. That pact can be characterized as a relationship of trust in which the public trusts health experts to act in its best interests in return for its adherence to recommendations and other advice. This relationship clearly has emotional elements, as evidenced by strong feelings of anger and betrayal when public health recommendations are shown to be wrong. But it also has rational or logical components which are less often acknowledged by commentators. In this paper, these components are examined with special emphasis on the role of authority arguments in mediating the trust relationship between health experts and the public. It is contended that these arguments function as cognitive heuristics in that they facilitate decision-making in the absence of expert knowledge. A questionnaire study of public health reasoning was conducted in 879 members of the public. Participants were asked to consider a number of public health scenarios in which various arguments from authority were employed. Epistemic conditions, known to be associated with the rational warrant of these arguments, were systematically varied across these scenarios. Quantitative and qualitative data analyses revealed that subjects are adept at recognizing the conditions under which arguments from authority are more or less rationally warranted. The trust relationship at the heart of public health has logical components which lay people are capable of rationally evaluating during public health deliberations. This rational capacity should be exploited by experts during public health communication
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