Question

Theoretically, could the most devoted altruist in a society also be its richest and happiest member?...

Theoretically, could the most devoted altruist in a society also be its richest and happiest member? How? And in what situation would an egoist decide that a lie is morally wrong?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Altruist requires doing acts which increase net happiness for others (or reduce net unhapiness). However there is no way an altruist may know what makes others happy. Moreover, altruist tend to live life which is miserable. Therefore it would not be correcto to say that even the most devoted altruist in a society also be its richest and happiest member.

Egoism means putting your welfare above others’, selfishness is the refusal to see beyond yourself. In a situation where Egoist may decide that a lie is morally wrong when it’s the morally right thing to do; they play by the rules because it’s the smart thing to do. They don’t want to end up rotting in jail.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Consider the following scenario and then answer our discussion questions: You always walk to work, and...
Consider the following scenario and then answer our discussion questions: You always walk to work, and your regular route takes you past a shallow pond. One morning you put on your very best clothes (you paid $200 for them just last week) and are in rush for a very important business meeting with your boss. When you pass by the pond, you notice that a toddler has fallen in and is about to drown. The child is crying for help!...
The Estate Tax One of the richest men in the world, Warren Buffett (as of 2010),...
The Estate Tax One of the richest men in the world, Warren Buffett (as of 2010), suggests that repealing the estate tax will benefit only the richest Americans. In 2010, this is the top 2% of the United States population. To put this in more common terms, 98 of every 100 people who die face no estate tax whatsoever. Nevertheless, many younger Americans assume that the group of richest Americans will eventually include them. Listen to the short Warren Buffet...
1. A company pays a $3 dividend on its common stock. This is also expected to...
1. A company pays a $3 dividend on its common stock. This is also expected to be the dividend next year. The second year, the dividend is expected to grow at 10%, then 8% the third year. Thereafter, the dividend will grow at 4% per year. If the required rate of return is 13%, how much would you pay for the stock? 2. A preferred stock pays a $3 dividend each year. The current required rate of return is 15%....
1. When should the government intervene in society? Once we have chosen the path of intervention...
1. When should the government intervene in society? Once we have chosen the path of intervention what options/factors need to be considered? How have opinions evolved over time? How might interventions differ between various levels of government (local/state/federal)? 2. People often call America the “Land of the Free”. Describe, with the theoretical tools we have discussed, how our market-based system contributes to that moniker. People have also contended that America is a country where some are systematically disadvantaged. Why might...
Let’s say you had to make a quick decision pertaining to an ethical dilemma. Which of...
Let’s say you had to make a quick decision pertaining to an ethical dilemma. Which of the 12 steps of the ethical decision-making process would you use if you only had time for one? Why do you find that step most valuable? HERE ARE THE 12 QUESTIONS MODEL OF DECISION-MAKING 1. Have you defined the problem accurately? 2. How would you define the problem if you stood on the other side of the fence? 3. How did this situation occur...
20] You would expect a society with a traditional economy to have most of its economic...
20] You would expect a society with a traditional economy to have most of its economic activity directed toward: A) agriculture. B) manufacturing. C) production of services. D) real estate management. [21] In a market economy, the willingness and ability of buyers to purchase goods and services helps to: A) set the prices of those goods and services. B) determine who gets the goods and services. C) determine what goods and services will be produced and in what quantities. D)...
In three or more sentences what response would you give each statement below? I need a...
In three or more sentences what response would you give each statement below? I need a response for each statement . Any correction or add to the statements? 1)The primary difference between consequential and non-consequential approaches towards ethics is that consequential approaches focuses more on the rightness or wrongness of an action based on the consequences that action has. A non-consequential theory focuses on the rightness or wrongness of an action based on properties intrinsics to the action, not on...
In two or more sentences ( in your OWN words) what response would you give each...
In two or more sentences ( in your OWN words) what response would you give each statement below? I need a response for each statement . Any correction or add to the statements? 1)The primary difference between consequential and non-consequential approaches towards ethics is that consequential approaches focuses more on the rightness or wrongness of an action based on the consequences that action has. A non-consequential theory focuses on the rightness or wrongness of an action based on properties intrinsics...
Plz answer 1.What are some strategies a multinational firm could undertake to lower its cost of...
Plz answer 1.What are some strategies a multinational firm could undertake to lower its cost of capital? Mention at least two. Explain why these strategies would lower the cost of capital. 2.You want to use the dividend discount model with a constant growth rate to value a security. What is the most difficult input to estimate correctly? Why? Does getting this input wrong give significant consequences? Explain. 3.You are considering a project in South Korea. The cash flows are in...
1. Society gains advantages through trade because of its ability to A) attain absolute advantage in...
1. Society gains advantages through trade because of its ability to A) attain absolute advantage in our trade with other nations. B) specialize resources to the uses where opportunity cost is minimized. C) align output to reflect society’s preferences. 2. Identify which of the following microeconomic topics can have an impact on macroeconomic topics? A) How do people decide how much to save for the future, or whether they should borrow to spend beyond their current means? B) What combination...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT