FUNDAMENTALS OF UTILITARIAN PHILOSOPHY

Fundamentals of Utilitarian Philosophy

Fundamentals of Utilitarian Philosophy

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Utilitarianism, a consequentialist theory of ethics created by thinkers Bentham and Mill, asserts that the optimal course of action is the one that increases overall pleasure or joy. At the heart of this philosophy is the "Principle of Greatest Happiness," which claims that actions are morally right if they promote happiness and wrong if they produce the opposite. Utilitarianism evaluates the moral worth of an deed based on its consequence, making it a realistic strategy to ethical judgments.

This ethical theory questions conventional moral frameworks that emphasize duties or rules, conversely supporting a versatile method that takes into account the results of actions. Utilitarians argue that by emphasizing the highest well-being for the largest number, the community can attain a greater overall happiness. This principle has been applied in investment philosophy multiple domains, including the economy, political science, and public policy, influencing actions that strive to enhance social welfare and reduce hardship.

The utilitarian approach also tackles the complexities of assessing and evaluating happiness. Critics maintain that it can be difficult to quantify joy and that this method may overlook the individual freedoms and worth of individuals. However, advocates argue that utilitarianism gives a definite and unbiased method for judging ethical issues, promoting a more humane and practical approach to moral decision-making. By emphasizing the outcomes of decisions and seeking to maximize overall well-being, utilitarianism offers a persuasive model for achieving a equitable and equitable world.







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