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MGT610 Business Ethics, GDB # 2, Opening date Feb 02, 2015, Closing date Friday, February 06, 2015

GDB No 2:

 

Critics of Adam Smith on Utilitarianism

 

Case:

 

Adam Smith was a Scottish moral philosopher and he worked on political economy. His famous book “The Wealth of Nations” considered as the pioneer in providing the fundamental grounds for ethical and moral perspective of economies and established the criterion of redefining the meaning of Utility.

 

Utilitarianism is a theory in normative ethics holding that the proper course of action is the one that maximizes utility, usually defined as maximizing total benefit and reducing suffering or the negatives. This theory is an economic analysis that is human-centered (or anthropocentric) and has a moral foundation (Goodstein, 2011).

 

 

Question:

 

You have learned this concept in detail. Adam Smith has some assumptions and his arguments are based on these postulates.  You are required to identify those areas which are highlighted by Adam Smith in the course of morality and ethics for a society as a whole.

 

(10 Marks)

 

Reference:

Goodstein, Eban (2011). "Chapter 2: Ethics and Economics". Economics and the Environment. Wiley. p. 26. ISBN 978-0-470-56109-6.

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Replies to This Discussion

kisi ko pta k kis chapter sy aai hy ? 

 +Hafiza Duaa MBS  utilitarianism chapter 7 and 8 may hai ..

wo to pta hy lekin adam smith ka pooch rahi us ka to book main sirf trade wala topic hy morality in society ya critisim nae hy wahan 

Here is solution , please explore the below file ..

Attachments:

The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world's first collected descriptions of what builds nations' wealth and is today a fundamental work in classical economics. Through reflection over the economics at the beginning of the Industrial Revolution the book touches upon such broad topics as thedivision of labor, productivity, and free markets.

An Inquiry into the Nature and Causes of

The Wealth of Nations

By
ADAM SMITH

https://www.marxists.org/reference/archive/smith-adam/works/wealth-...

Please Discuss here about this GDB.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

yay book hai .yhn say read kijyay chapter number 2 jo GDB k reference may dia hoa..and then koshish kijyay us may say GDB bnanay ki ..

http://www.scribd.com/doc/187463945/Eban-Goodstein-Economics-and-th...

Dear Please stop posting the irrelevant material which is confusing so many students also the link which you are giving for the books ,it only contains the index of the book not the whole book .

I think we should discuss to solve the GDB rather just copy pasting material from internet.

If you have understood something from the material which you have posted I will appreciate you should discuss that so students can get any clue to start doing GDB.

Nadia Chaudhary atleast m searching to kar rahi. try to kar rahi k discussion start ki jaye.. ar koi aik dum say pora solution upload nhi karta dear.. its not assignment. its GDB yhn discussion hoti hai tbhi aagay barhti hai koi share karay k yay samj nhi aaraha koi usay samjaye k ap ghalat samjay is ka matlab yay hai. and oper jo link dia hai wo book hai us may text hai. reference book bhi search karni parhi hai. ab ko jitna samj aaya kindly ap wo share kijyay..

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