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Virtue Ethics

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The third school I am addressing, virtue ethics, is the approach that emphasizes virtues in contrast to approaches which emphasize duties or consequences( Hursthouse, 2003). Virtue ethics houses three central concepts, which are derived from the Greek notions of virtue ethics. The three concepts are arete, which is virtue, phronesis, which is practical wisdom, and eudaimonia, which is flourishing and can be seen as the proper goal of human life according to Aristotle. The state of eudaimonia can be reached by practicing virtues that allow a person to flourish at its purpose. According to Deirdre McCloskey (2006) virtue ethics can provide a basis for a stable approach to understanding capitalism. It also enables the opportunity to learn and
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