Applied ethics exercise Assignment | College Homework Help

Please select one of your choice to answer with most confidence.

In the Applied Ethics Exercise, students are being evaluated on whether they can
demonstrate knowledge of the required readings, and meaningfully apply that knowledge to
a critical analysis of a specific moral issue in business. You will be expected to examine one
of the given case studies (Enron, Trans Mountain, or Bernie Madoff) from the perspective of
a particular school of moral philosophy (Virtue Ethics, Utilitarianism, or Sentimentalism).
*write an essay on ONE of the following case study topics*
1) Examine the 2001 financial scandal at Enron from the perspective of Virtue Ethics.
Required Readings:
 [URL LINK] Aristotle (1999). Read Parts I-II, IV & VIII-XI of ‘Book I’. Politics, Jowett
(trans.). Batoche Books: Kitchener.
<https://socialsciences.mcmaster.ca/econ/ugcm/3ll3/aristotle/Politics.pdf>.
 [UW LIBRARY E-BOOK] Dierksmeier, Clauss, & Pirson, Michael (2011). ‘Aristotle’s
Economic Ethics’. Humanistic Ethics in the Age of Globality. Dierksmeier, Amann, et al.
(eds.). Palgrave Macmillan: London.
 Anonymous (2002). ‘When Greed is Fact, and Control is Fiction’, The Guardian.
<https://www.theguardian.com/business/2003/feb/14/corporatefraud.enron>.
 Romney, Lee and Streitfeld, David (2002). ‘Enron’s Run Tripped by Arrogance, Greed’,
LA Times.
<https://www.latimes.com/archives/la-xpm-2002-jan-27-mn-25002-story.html>.
Before drafting their essays, students may want to consider some of the following questions:
 How might Aristotle’s distinction between ‘oikonomia’ and ‘chrematistics’ be applied
to a critical analysis of this financial scandal?
 In what sense did executives at Enron fail to practice the sorts of moral and intellectual
‘virtues’ esteemed by Aristotle?
 Did Enron’s corporate culture ignore the ultimate ‘end’ of economics? Was it
responsible for preventing the realization of a greater degree of ‘eudaimonia’?
 Does Aristotle’s characterization of the human being as a ‘political animal’ provide a
sound foundation for developing a model of corporate social responsibility? How can
this model be applied to the specific case study of Enron?
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2) Provide a consequentialist analysis of the Trans Mountain Pipeline debate. Considering
the arguments for and against its construction, is it justified according to Utilitarianism?
Required Readings:
 [URL LINK] Mill, John Stuart (2001). ‘What Utilitarianism Is’. Utilitarianism. Batoche
Books: Kitchener.
<https://socialsciences.mcmaster.ca/econ/ugcm/3ll3/mill/utilitarianism.pdf>.
 [UW LIBRARY EBOOK] Gustafson, Andrew (2013). ‘In Defense of a Utilitarian Business
Ethic’. Business and Society Review, Vol. 118, Is. 3.
 Cruickshank, Ainslie (2020). ‘Supreme Court Rejects Trans Mountain Legal Challenges.
So What’s Next?’, The Narwhal.
<https://thenarwhal.ca/supreme-court-rejects-trans-mountain-legal-challenges-so-wha
ts-next/>.
 Alini, Erica (2018). ‘Trans Mountain Pipeline: Some of the Arguments For and Against it’,
Global News.
<https://globalnews.ca/news/4149689/trans-mountain-pipeline-arguments-pro-against
/>.
Before drafting their essays, students may want to consider some of the following questions:
 Would the proposed pipeline contribute to the ‘Greatest Happiness Principle’, i.e.,
realizing the greatest amount of happiness for the greatest number of people?
 What is the ‘utility’ of the potential jobs created vs. the ‘utility’ of conserving the
environment from potential catastrophes?
 Is disregarding indigenous concerns not an example of the ‘tyranny of the majority’?
 Would the pipeline not increase the ‘pain’, and decrease the ‘pleasure’, felt by
non-human animals impacted by its construction? Is the potential harm done to the
well-being of such animals outweighed by the benefits to human well-being?
 Would the Utilitarian business ethicist be in favour of, or opposed to, the construction
of the Trans Mountain Pipeline? If the project was to proceed, how would a Utilitarian
model of Corporate Social Responsibility ensure that it maximizes social well-being?
3) Explore the rise and fall of Bernie Madoff from the standpoint of Moral Sentimentalism.
Required Readings:
 [URL LINK] Smith, Adam (1904). Read Chapters I-II of Book I of Volume I of The Wealth
of Nations. Methuen & Co. Ltd.: London.
<http://www.econlib.org/library/Smith/smWN.html>.
 [URL LINK] Smith, Adam (1790). Read Chapter I and Chapter II of Section 1 of The Theory
of Moral Sentiments, Millar (ed.),
<http://www.econlib.org/library/Smith/smMS1.html>.
 [UW LIBRARY E-BOOK] Wells, Thomas (2013). ‘Adam Smith on Morality and
Self-Interest’. Handbook of the Philosophical Foundations of Business Ethics, Luetge
(ed.). Springer: Dordrecht.
 Bandler, James and Varchaver, Nicholas (2009). ‘How Bernie Did It’, CNN Money.
<https://money.cnn.com/2009/04/24/news/newsmakers/madoff.fortune/>.
 Lenzner, Robert (2008). ‘Bernie Madoff’s $50 Billion Ponzi Scheme’, Forbes Magazine.
<https://www.forbes.com/2008/12/12/madoff-ponzi-hedge-pf-ii-in_rl_1212croesus_inl.
html#4811b71a650b>.
Before drafting their essays, students may want to consider some of the following questions:
 Was Madoff’s Ponzi scheme morally justifiable according to Smith’s view of ethics and
economics, and the relationship between them?
 Did Madoff fail to live up to the ‘virtues’ prized by Adam Smith?
 How would an ‘impartial spectator’ evaluate the rise and fall of Bernie Madoff?
 Is Smith’s account of human nature relevant to a critical analysis of Madoff’s actions?
 Was Bernie Madoff’s conduct consistent with the values of Smith’s theory of the ‘moral
sentiments’?
Students should substantiate their interpretative claims about the philosophers in question
and factual claims about the given topics by referring to, paraphrasing from, and/or directly
quoting the required readings and given articles. To avoid plagiarism, provide a citation
when borrowing the words, ideas, or research of others. Follow a simple in-text author-page
system. For example, when quoting:
Whitehead’s critique of economics parallels his critique of science: economics, like science,
is “suffering from a bad attack of muddle-headed positivism” (Whitehead, 204).
However, even when paraphrasing an author in your words, or referring to a specific idea or
argument of theirs, you must still offer a citation. For example:
Whitehead’s critique of economics parallels his critique of science: economics, like science,
is based on positivistic assumptions (Whitehead, 204).
A ‘Works Cited’ page containing all relevant bibliographic information should also
accompany the assignment. Each entry should look something like this:
Whitehead, A.N. (1938). ‘Nature Lifeless’. Modes of Thought. Free Press: New York.
Students must use 12-point Times New Roman font. Pages must be double-spaced with 2.5
cm margins. Your assignments should also have a separate title page with your name and a
title. The Applied Ethics essay must be uploaded onto NEXUS in .PDF format.

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