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Essay / Research Paper Abstract
A 7 page paper that emphasizes utilitarianism. The paper encompasses responses to specific questions generated by the student. Topics include: explanation of two types of utilitarianism, explanation of the declining marginal utility of money; Nozick's entitlement theory; Rawls' distributive justice; an explanation of the maximin rule for decision making; what the veil of ignorance means; and the things utilitarians must consider when determining economic systems that will promote the greatest happiness. Bibliography lists 10 sources.
Page Count:
7 pages (~225 words per page)
File: MM12_PGutlr3.rtf
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Unformatted sample text from the term paper:
2006; Ch 2, your text). What is good results in the greatest pleasure or happiness for the most people (Wikipedia, 2005; Ch 2, your text). Utilitarianism is consequentialist in that
"the right act is that which yields the greatest net utility" (Wikipedia, 2006; also Ch 2, your text).). The two primary forms of utilitarianism are act utilitarianism, which proposes the
right act is the one that brings about the greatest utility, and rule utilitarianism, which proposes "the best act is the one that would be enjoined by whichever rule would
yield the most utility" (Wikipedia, 2006). A "rule utilitarian tries to evaluate behavior on the basis of rules which, if universally followed, would lead to the greatest good for the
greatest number" (Jarvis, 2005; also Ch 2, your text). Moral actions, according to utilitarianism, are evaluated "on the basis of consequences and goal orientation - how far a decision maximizes
the net utility that everyone affected by the action may expect" (Jarvis, 2005). 2. Economists: "declining marginal utility of money" Utility refers to the value individuals gain from having
goods that range from tangible goods, like a car, to intangible goods, like friendship (Greene and Baron, 2000). If one says a particular good has declining marginal utility, it means
that the more of that good a person has, the less valuable having even more of it becomes (Greene and Baron, 2000; also your text, p 108). This same
principle holds true with money. Warren Buffet has in excess of $40 billion, if he gained another $1 million, it would not be as valuable to him as obtaining $1
million would be to this writer. The $1 million has far less utility to Buffet than to this writer. According to the declining marginal utility of money theory,
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