Morality: Adam Smith And Vilfredo Pareto

The principles of morality are quite distinct and have remained constant for centuries. Aristotle claimed that the two greatest virtues were contemplation and friendship. Friendship is only possible within a context of other vital values such as sympathy, trust, caring, and empathy. Greeks knew very well these characters, and they discussed and endorsed them in the 18th century during the Enlightenment by great thinkers such as Adam Smith and David Hume(Virtue ethics. (1997 p. 125-128) We have seen so far the importance of reasoning which is going to act as a guide to our current moral thinking and our quest to show justification for moral judgment. Our good institutions seem to fell short of or remained constant while our ethical theories

Consequences – this does not deny the attributes of results of our actions. We have an obligation always to make sure that the consequences of our actions are typically good as possible. Rachel advocates what he terms as ‘multiple strategy utilitarianism. ' In this case, the standard is not only the abstract principle of utility but that principle coalesced with a more personal consideration of desert and motive. The important factor here is that we should be happy and well-off as possible. This is also referred to as Pareto Optimum in economics; the name came from an Italian economist Vilfredo Pareto. The idea here is that we should always strive to reach a state where everybody is as well-off as possible without worsening anybody off, in the process. It is a higher standard to achieve, but it is worth using as the ideal. The crucial point about multiple strategies utilitarianism is that we identify that there may be many modes of making the ideal and at different periods, different strategies are necessary to obtain the result. At a different time, aiming at our self-interest is an appropriate course of action whereas; at various points our action should be more

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The following are some self-explanatory ethical value that should be observed, take yourself serious in all matters, always resist temptation when it comes, accept blame if you wronged someone or you caused an error, try as much as you can to learn from mistakes, be a clean competitors, always value the traditions and try to improve from them, educate yourself always, acknowledge interdependence, never try to overthink ethics, search for hidden ethical issues, enforce ethical standards, and nature caring and fair-minded youth. These are the most common ethical values that ensure that we are not only self-centered, but we are so passionate about the well-being