Necessity and Minimum Wage

June 23rd, 2016 by Kara in Case Studies

    By John Atherton Compare someone’s choice to buy a luxurious decoration with the purchase of a prescription that staves off death. While one of these choices is an aesthetic preference the other is a necessity of survival. The distinction between these choices separates economic ‘wants’ and ‘needs’. A dependence on survival needs forces human behaviour through naturally imposed duress, compromising our freedom of choice. A moral right to freedom or existence argues for the removal of this duress in favour of a default state, where survivalist compulsion is made irrelevant. A perfect ...

Video Episode 5: Utilitarianism, is Out!

June 9th, 2016 by Kara in Videos

Ethics in Finance is Good! Episode 5: Utilitarianism       Episode 5: Utilitarianism, the fifth part of Seven Pillars Institute’s financial ethics video training series, “Ethics in Finance is Good!” is an easy to understand explainer on Utilitarianism. The word looks scarier than it is, really. The video uses the everyday example of growing tomatoes and use of pesticides to illustrate basic principles of Utilitarianism, which is one of the major ethical theories in use today. If the video excites you (which it surely must) and you wish to learn more about the subject, please go to our more detailed ...