Normative economical perspectives
What kinds of actions are morally right.
- Egoism: That bring benefit to the performer
- “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.” - Adam Smith
- The baker makes cake.
- Brewer makes wine.
- Butcher provides meat.
- “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.” - Adam Smith
- Altruism: Any action that benefits everyone except oneself, is morally right.
- Political leaders are supposed to be.
- Satya Sai Baba provided so much to mankind.
- Raghav Chadha, tea and samosa in airports.
- Utilitarianism: Good maximum benefit of the maximum number of people.
- If there are 5 people and they can be saved by killing one other person, then its ethically right.
- A soldier going to the war and killing other people is ethically right.