Ethical theories and principles
There are two fundamental types of ethical theory: those based on the notion of choosing one’s actions so as to maximize the value or values to be expected as consequences of those actions called consequential or teleological theories and those based on the notion of choosing one’s actions according to standards of duty or obligation that refer not to consequences but to the nature of actions and the motives that are held by those performing them (called dermatological theories). Major types Of Ethical Theory: 1. Consequentialism-- utilitarianism 2. Dermatological theories-- The "categorical imperative" 3. Ethical relativism 4. Rights 5. Virtue-based ethical theories Consequentialism: • Consequentialism refers to that type of ethical theory in which right or wrong are based on the consequences of an action. • Utilitarianism is one form of consequentialism. Utilitarianism • The basic principle is that everyone ought to act in ways which b...