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In that respect, McGurn reminds us that economic systems and institutions are inanimate and not capable of exercising either moral judgment or immoral exploitations. Rather, morality is a duty of individuals and of the human community to establish through appropriate social values. On the whole, McGurn argues that even the most disastrous economic catastrophes play a role in allowing corrective mechanisms to evolve internally; no interference from government is necessary.
Analysis and Criticism of the Religious Approach to Economic Market Regulation
In principle, the a priori assumption that religion is a beneficial perspective for human conduct and that of institutions is patently flawed. Secular moral theorists might argue (rightfully) that memorizing moral rules such as those promoted by the Christian traditions are incapable of generating a genuine moral perspective. Instead, those values...
Divine judgment and punishment) and not genuine social responsibility.
This is even more true within any philosophical framework that provides a safety net mechanism of personal salvation completely independent of personal moral transgressions. It is quite evident from all the other ways that people whose primary moral values derive from religion typically manage to justify their transgressions through creative definitions, interpretations, and other pure rationalizations necessary to support their self-interested immoral pursuits at the expense of others. Therefore, while the Blank position in support of government regulation is more beneficial to the community than McGurn's position, this commenter must disagree fundamentally with the basis of any secular moral approach that relies on any religious basis.
Ultimately, these issues results in hunger and famine, where these inhabitants become deprived of the basic facilities that they are entitled to, as being a citizen of the country (World Hunger Education Service, 2012). 3. Impacts of Hunger and Famine in U.S. The standard of living means to have a healthy, vigorous and active life. Keeping in mind, the standard of living, the hunger crisis in the U.S. is calculated and
Moral Criticisms of the Market Moral Criticisms Market This assignment requires read article Ken S. Ewert (found Reading & Study folder). Note article, Ewert defending free market "Christian Socialists." He states position a rebuttal Moral criticisms of the market: A critique of Ewert's analysis It is interesting to read Ken S. Ewert's 1989 criticisms of 'Christian socialists' in light of current debates on other types of economic policies today. Ewert portrays Christian, leftist
The principle of harmony's job is to take corrective actions when needed in order to create the balance of economic justice between the principles. For example, when the other two principles are violated by such things as unjust social barriers to either participation or distribution, the principle of harmony works to eradicate these barriers and thus restore economic harmony, or justice. According to the Oxford English Dictionary, economic harmonies is
Michaels Moral Status of Advertising in a Free Market Economy Jane Michaels Marketing 201 Moral Status of Advertising a Free Market Economy Despite what many individuals may think, when devising an advertising plan, the planners must carefully pay attention to the motives of not only the business that is selling, and the perceptions of the target audience. Understanding the audience and paying attention to how one sells an idea or product is the core of
Moral Hazard The term moral hazard arises out of a contractual agreement. When the terms of the contract serve as motivation for one of the parties to behave in a manner that is "contrary to the principles laid out in the agreement" (Investopedia, 2013). An example that is commonly used is when a salesperson is paid entirely on salary. The salesperson in that case has little direct incentive to perform according
Economic Globalization Has the 2008 financial meltdown in the U.S. And the ongoing economic crisis in Europe have practically ended the era of economic globalization? Following the financial crisis that marred the U.S. economy along with other global economies as well as the ongoing Eurozone debt crisis, there have been projected concerns that this predicament would end economic globalization. The purpose of this paper is to assess this claim. Going by Immanuel