Archive for the ‘Economics’ Category

Utilitarianism – With Respect to Capitalism and Socialism

utilitarianism socailism capitalism

Utilitarianism is the idea that the moral worth of an action is determined solely by its usefulness in maximizing utility and minimizing negative utility as summed among all sentient beings. It is thus a form of consequentialism, meaning that the moral worth of an action is determined by its outcome. The most influential contributors to [...]



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