SlideShare a Scribd company logo
1 of 3
1
London Graves
Ethics and Business
Ellis
Short Paper Assignment
Is Getting What You Want Morally Right?
A Pareto-Improvement is when at least one person gains something they prefer without
any other person getting less of what they want. A Pareto-Optimal situation occurs when no
other Pareto- improvements can be made and all parties are in the best position they can be in
without anyone getting less satisfaction. In a sense, a Pareto-Improvement is the means to
achieving a Pareto-Optimal situation (Hausman and McPherson, pg.65-66). Now the question I
ask you is: Is it morally right to get what you want, even if it means that everyone else will be
equally getting what they want? My answer to this is, to some extent yes, and to some extent
no. It all depends on the situation, and what the preferences are.
A situation where a Pareto-Improvement is moral would be: Say a person has a used car
they would like to sell for $4,000, and I would like to buy this car for less than $5,000. We can
come to a Pareto-Improvement of any amount between $4,000 and $5,000. This is an
improvement because both of us are in a win-win situation in terms of what we want. He will
either get the amount he wanted for the car or a little more, and I will get the car for what I
wanted to spend or a little less. This situation is also moral because I am not buying the car to
use it for anything else than to drive around town. It will not be used in any illegal way. Once
2
we have come to an agreement on the sale of the car, it can become a Pareto-Optimal situation
if there is no other Pareto-Improvements that can be made in the dealing. We both win in this
situation, therefore everyone is happy with what they have. He will get the money from the
sale of the car, and I will have a used car to get me around town. This is great!
Now on the other hand you do not want everyone in the world getting everything they
want because, let’s be frank, some people would want some crazy things, such as illegal drugs,
top secret information that could cause harm to national security, etc. These things people are
wanting may be morally wrong and should not be marketed, and the actions of getting these
things could cause harm down the road to an innocent person. An example of an immoral
Pareto-Improvement and Pareto-Optimal situation would be the purchase of illegal drugs. Let’s
take the same example as above, only instead of making a deal for a car we are now making a
deal for illegal drugs. We may still reach a Pareto-Improvement if he wants the money more
than the drugs and I want the drugs more than my money, but are the preferences of what we
want moral? In this situation they are not. There is a reason that these drugs are illegal and
should not be marketed. Illegal drugs cause physical harm to the body of the person taking
them, and they have the potential to harm innocent by-standers. This is what happens when
you hear of a small child getting hit by a car while riding their bike because the driver was high
on illegal drugs. It would be immoral to take the risk of this happening or to risk your own
health all because you wanted to buy illegal drugs.
However, please do not confuse legality and morality as the same thing. These two
words are not synonyms. Something can be legal but immoral, while another thing could be
illegal but moral. Like the example used in class, lying to your wife may be legal, but to the
3
individual it could be immoral. An example of the reverse could be, you park in a no parking
zone to help an elderly lady that had fallen. Illegal drugs would still be immoral to use or
purchase even if they are made legal because you are still risking your health and others safety.
Legality and morality should never be used as synonyms for these reasons.
To sum up everything, a Pareto-Improvement and a Pareto-Optimal situation can be
both moral situations, and immoral situations. Each situation needs to be treated as an
individual in order to determine if they are moral or not. Pareto-Improvements and a Pareto-
Optimal situations are not “one size fits all’ in the terms of morality, they can be both good and
bad.
References
Hausman, Daniel M. and Michael S. McPherson. Economic Analysis, Moral Philosophy, and
Public Policy. Second Edition. New York: Cambridge University Press, 2007. Text. Pages
64-72.

More Related Content

What's hot

Audience Research
Audience ResearchAudience Research
Audience Researchwaqa0121
 
BBFC Film Classification Research
BBFC Film Classification ResearchBBFC Film Classification Research
BBFC Film Classification ResearchSilkproductions_
 
Certification of films
Certification of filmsCertification of films
Certification of filmsAnisahSShah
 
Certificate of films
Certificate of filmsCertificate of films
Certificate of filmsAaron Realz
 
Certificate Of Film/Dvd's
Certificate Of Film/Dvd'sCertificate Of Film/Dvd's
Certificate Of Film/Dvd'sAaron Realz
 
Our families,our friends chart items
Our families,our friends chart itemsOur families,our friends chart items
Our families,our friends chart itemsanagogar
 
Bbfc guidelines research
Bbfc guidelines researchBbfc guidelines research
Bbfc guidelines researchNathanHill17
 
Hiring ex convicts final
Hiring ex convicts finalHiring ex convicts final
Hiring ex convicts finalkcjst3
 

What's hot (13)

Audience Research
Audience ResearchAudience Research
Audience Research
 
Cetification ratings
Cetification ratingsCetification ratings
Cetification ratings
 
BBFC Film Classification Research
BBFC Film Classification ResearchBBFC Film Classification Research
BBFC Film Classification Research
 
Certification of films
Certification of filmsCertification of films
Certification of films
 
Certificate of films
Certificate of filmsCertificate of films
Certificate of films
 
Certificate Of Film/Dvd's
Certificate Of Film/Dvd'sCertificate Of Film/Dvd's
Certificate Of Film/Dvd's
 
Congressman mikey
Congressman mikeyCongressman mikey
Congressman mikey
 
Megans Law
Megans LawMegans Law
Megans Law
 
Our families,our friends chart items
Our families,our friends chart itemsOur families,our friends chart items
Our families,our friends chart items
 
BBFC guidelines research
BBFC guidelines researchBBFC guidelines research
BBFC guidelines research
 
Bbfc guidelines research
Bbfc guidelines researchBbfc guidelines research
Bbfc guidelines research
 
Prejudice Against Ex-offenders in the Workplace
Prejudice Against Ex-offenders in the WorkplacePrejudice Against Ex-offenders in the Workplace
Prejudice Against Ex-offenders in the Workplace
 
Hiring ex convicts final
Hiring ex convicts finalHiring ex convicts final
Hiring ex convicts final
 

Similar to Short Paper Final Draft

The Laws Of Negotiating
The Laws Of NegotiatingThe Laws Of Negotiating
The Laws Of Negotiatingkenddas
 
2Class Handout for James Hittman” Hitt LectureStaying Safe .docx
2Class Handout for James Hittman” Hitt LectureStaying Safe .docx2Class Handout for James Hittman” Hitt LectureStaying Safe .docx
2Class Handout for James Hittman” Hitt LectureStaying Safe .docxrhetttrevannion
 
Fairness and ethics in decision making
Fairness and ethics in decision makingFairness and ethics in decision making
Fairness and ethics in decision makingAmr Sherif
 
BUSINESS Ethics CLASS Activities.pptx
BUSINESS Ethics CLASS Activities.pptxBUSINESS Ethics CLASS Activities.pptx
BUSINESS Ethics CLASS Activities.pptxJesilin James
 
The 22 Immutable Laws of Marketing - Part 1
The 22 Immutable Laws of Marketing - Part 1The 22 Immutable Laws of Marketing - Part 1
The 22 Immutable Laws of Marketing - Part 1Alan Cohen
 
Draw And Write Paper Printable - Discover The Be
Draw And Write Paper Printable - Discover The BeDraw And Write Paper Printable - Discover The Be
Draw And Write Paper Printable - Discover The BeStacy Johnson
 
University Of Colorado Application Essay Prompt
University Of Colorado Application Essay PromptUniversity Of Colorado Application Essay Prompt
University Of Colorado Application Essay PromptJennifer Reese
 
Immediate Secrets For Literary Analysis Thesis Ex
Immediate Secrets For Literary Analysis Thesis ExImmediate Secrets For Literary Analysis Thesis Ex
Immediate Secrets For Literary Analysis Thesis ExGina Brown
 
Ethical ClaimsBoth ethics and morals involve considerations abou.docx
Ethical ClaimsBoth ethics and morals involve considerations abou.docxEthical ClaimsBoth ethics and morals involve considerations abou.docx
Ethical ClaimsBoth ethics and morals involve considerations abou.docxSANSKAR20
 
Essayer Wow Mist Of Pandaria. Online assignment writing service.
Essayer Wow Mist Of Pandaria. Online assignment writing service.Essayer Wow Mist Of Pandaria. Online assignment writing service.
Essayer Wow Mist Of Pandaria. Online assignment writing service.Amanda Anderson
 
Ethics Chapter10
Ethics Chapter10Ethics Chapter10
Ethics Chapter10hawaiiscott
 
Moral Relativism and Business Ethics
Moral Relativism and Business EthicsMoral Relativism and Business Ethics
Moral Relativism and Business EthicsConfidential
 
Task 2 initial repsonses
Task 2 initial repsonsesTask 2 initial repsonses
Task 2 initial repsonsesCameron Barnes
 
Ethics 9.1 Ethical Claims Questions 0 of 3 complete (0) 0 of.docx
Ethics  9.1 Ethical Claims Questions 0 of 3 complete (0)  0 of.docxEthics  9.1 Ethical Claims Questions 0 of 3 complete (0)  0 of.docx
Ethics 9.1 Ethical Claims Questions 0 of 3 complete (0) 0 of.docxgitagrimston
 
How To Write A Biography Essay
How To Write A Biography EssayHow To Write A Biography Essay
How To Write A Biography EssayJennifer Gutierrez
 
Essay Of Macbeth Introduction
Essay Of Macbeth IntroductionEssay Of Macbeth Introduction
Essay Of Macbeth IntroductionAlison Parker
 

Similar to Short Paper Final Draft (20)

The Laws Of Negotiating
The Laws Of NegotiatingThe Laws Of Negotiating
The Laws Of Negotiating
 
Ethics in the worplace
Ethics in the worplaceEthics in the worplace
Ethics in the worplace
 
2Class Handout for James Hittman” Hitt LectureStaying Safe .docx
2Class Handout for James Hittman” Hitt LectureStaying Safe .docx2Class Handout for James Hittman” Hitt LectureStaying Safe .docx
2Class Handout for James Hittman” Hitt LectureStaying Safe .docx
 
Be 1
Be 1Be 1
Be 1
 
2 unit ie& v
2 unit  ie& v2 unit  ie& v
2 unit ie& v
 
Fairness and ethics in decision making
Fairness and ethics in decision makingFairness and ethics in decision making
Fairness and ethics in decision making
 
BUSINESS Ethics CLASS Activities.pptx
BUSINESS Ethics CLASS Activities.pptxBUSINESS Ethics CLASS Activities.pptx
BUSINESS Ethics CLASS Activities.pptx
 
Mjrsm. Dulaan.pptx
Mjrsm. Dulaan.pptxMjrsm. Dulaan.pptx
Mjrsm. Dulaan.pptx
 
The 22 Immutable Laws of Marketing - Part 1
The 22 Immutable Laws of Marketing - Part 1The 22 Immutable Laws of Marketing - Part 1
The 22 Immutable Laws of Marketing - Part 1
 
Draw And Write Paper Printable - Discover The Be
Draw And Write Paper Printable - Discover The BeDraw And Write Paper Printable - Discover The Be
Draw And Write Paper Printable - Discover The Be
 
University Of Colorado Application Essay Prompt
University Of Colorado Application Essay PromptUniversity Of Colorado Application Essay Prompt
University Of Colorado Application Essay Prompt
 
Immediate Secrets For Literary Analysis Thesis Ex
Immediate Secrets For Literary Analysis Thesis ExImmediate Secrets For Literary Analysis Thesis Ex
Immediate Secrets For Literary Analysis Thesis Ex
 
Ethical ClaimsBoth ethics and morals involve considerations abou.docx
Ethical ClaimsBoth ethics and morals involve considerations abou.docxEthical ClaimsBoth ethics and morals involve considerations abou.docx
Ethical ClaimsBoth ethics and morals involve considerations abou.docx
 
Essayer Wow Mist Of Pandaria. Online assignment writing service.
Essayer Wow Mist Of Pandaria. Online assignment writing service.Essayer Wow Mist Of Pandaria. Online assignment writing service.
Essayer Wow Mist Of Pandaria. Online assignment writing service.
 
Ethics Chapter10
Ethics Chapter10Ethics Chapter10
Ethics Chapter10
 
Moral Relativism and Business Ethics
Moral Relativism and Business EthicsMoral Relativism and Business Ethics
Moral Relativism and Business Ethics
 
Task 2 initial repsonses
Task 2 initial repsonsesTask 2 initial repsonses
Task 2 initial repsonses
 
Ethics 9.1 Ethical Claims Questions 0 of 3 complete (0) 0 of.docx
Ethics  9.1 Ethical Claims Questions 0 of 3 complete (0)  0 of.docxEthics  9.1 Ethical Claims Questions 0 of 3 complete (0)  0 of.docx
Ethics 9.1 Ethical Claims Questions 0 of 3 complete (0) 0 of.docx
 
How To Write A Biography Essay
How To Write A Biography EssayHow To Write A Biography Essay
How To Write A Biography Essay
 
Essay Of Macbeth Introduction
Essay Of Macbeth IntroductionEssay Of Macbeth Introduction
Essay Of Macbeth Introduction
 

More from London Graves

Education (Webinars and Courses)
Education (Webinars and Courses)Education (Webinars and Courses)
Education (Webinars and Courses)London Graves
 
Human Resources Management Degree Sheet
Human Resources Management Degree SheetHuman Resources Management Degree Sheet
Human Resources Management Degree SheetLondon Graves
 
Noodles & Company Revised _2
Noodles & Company Revised _2Noodles & Company Revised _2
Noodles & Company Revised _2London Graves
 
Noodles & Company Final Presentation
Noodles & Company Final PresentationNoodles & Company Final Presentation
Noodles & Company Final PresentationLondon Graves
 
Assignment #2 Document
Assignment #2 DocumentAssignment #2 Document
Assignment #2 DocumentLondon Graves
 
JobDescriptionReport- Revised
JobDescriptionReport- RevisedJobDescriptionReport- Revised
JobDescriptionReport- RevisedLondon Graves
 
Structured Interview Protocol
Structured Interview ProtocolStructured Interview Protocol
Structured Interview ProtocolLondon Graves
 
Paper Revised for Final
Paper Revised for FinalPaper Revised for Final
Paper Revised for FinalLondon Graves
 
FastCat Case Final Draft
FastCat Case Final DraftFastCat Case Final Draft
FastCat Case Final DraftLondon Graves
 
Term Paper Final Draft
Term Paper Final DraftTerm Paper Final Draft
Term Paper Final DraftLondon Graves
 

More from London Graves (12)

Education (Webinars and Courses)
Education (Webinars and Courses)Education (Webinars and Courses)
Education (Webinars and Courses)
 
Human Resources Management Degree Sheet
Human Resources Management Degree SheetHuman Resources Management Degree Sheet
Human Resources Management Degree Sheet
 
Noodles & Company Revised _2
Noodles & Company Revised _2Noodles & Company Revised _2
Noodles & Company Revised _2
 
Noodles & Company Final Presentation
Noodles & Company Final PresentationNoodles & Company Final Presentation
Noodles & Company Final Presentation
 
Assignment #3
Assignment #3Assignment #3
Assignment #3
 
Assignment #1
Assignment #1Assignment #1
Assignment #1
 
Assignment #2 Document
Assignment #2 DocumentAssignment #2 Document
Assignment #2 Document
 
JobDescriptionReport- Revised
JobDescriptionReport- RevisedJobDescriptionReport- Revised
JobDescriptionReport- Revised
 
Structured Interview Protocol
Structured Interview ProtocolStructured Interview Protocol
Structured Interview Protocol
 
Paper Revised for Final
Paper Revised for FinalPaper Revised for Final
Paper Revised for Final
 
FastCat Case Final Draft
FastCat Case Final DraftFastCat Case Final Draft
FastCat Case Final Draft
 
Term Paper Final Draft
Term Paper Final DraftTerm Paper Final Draft
Term Paper Final Draft
 

Short Paper Final Draft

  • 1. 1 London Graves Ethics and Business Ellis Short Paper Assignment Is Getting What You Want Morally Right? A Pareto-Improvement is when at least one person gains something they prefer without any other person getting less of what they want. A Pareto-Optimal situation occurs when no other Pareto- improvements can be made and all parties are in the best position they can be in without anyone getting less satisfaction. In a sense, a Pareto-Improvement is the means to achieving a Pareto-Optimal situation (Hausman and McPherson, pg.65-66). Now the question I ask you is: Is it morally right to get what you want, even if it means that everyone else will be equally getting what they want? My answer to this is, to some extent yes, and to some extent no. It all depends on the situation, and what the preferences are. A situation where a Pareto-Improvement is moral would be: Say a person has a used car they would like to sell for $4,000, and I would like to buy this car for less than $5,000. We can come to a Pareto-Improvement of any amount between $4,000 and $5,000. This is an improvement because both of us are in a win-win situation in terms of what we want. He will either get the amount he wanted for the car or a little more, and I will get the car for what I wanted to spend or a little less. This situation is also moral because I am not buying the car to use it for anything else than to drive around town. It will not be used in any illegal way. Once
  • 2. 2 we have come to an agreement on the sale of the car, it can become a Pareto-Optimal situation if there is no other Pareto-Improvements that can be made in the dealing. We both win in this situation, therefore everyone is happy with what they have. He will get the money from the sale of the car, and I will have a used car to get me around town. This is great! Now on the other hand you do not want everyone in the world getting everything they want because, let’s be frank, some people would want some crazy things, such as illegal drugs, top secret information that could cause harm to national security, etc. These things people are wanting may be morally wrong and should not be marketed, and the actions of getting these things could cause harm down the road to an innocent person. An example of an immoral Pareto-Improvement and Pareto-Optimal situation would be the purchase of illegal drugs. Let’s take the same example as above, only instead of making a deal for a car we are now making a deal for illegal drugs. We may still reach a Pareto-Improvement if he wants the money more than the drugs and I want the drugs more than my money, but are the preferences of what we want moral? In this situation they are not. There is a reason that these drugs are illegal and should not be marketed. Illegal drugs cause physical harm to the body of the person taking them, and they have the potential to harm innocent by-standers. This is what happens when you hear of a small child getting hit by a car while riding their bike because the driver was high on illegal drugs. It would be immoral to take the risk of this happening or to risk your own health all because you wanted to buy illegal drugs. However, please do not confuse legality and morality as the same thing. These two words are not synonyms. Something can be legal but immoral, while another thing could be illegal but moral. Like the example used in class, lying to your wife may be legal, but to the
  • 3. 3 individual it could be immoral. An example of the reverse could be, you park in a no parking zone to help an elderly lady that had fallen. Illegal drugs would still be immoral to use or purchase even if they are made legal because you are still risking your health and others safety. Legality and morality should never be used as synonyms for these reasons. To sum up everything, a Pareto-Improvement and a Pareto-Optimal situation can be both moral situations, and immoral situations. Each situation needs to be treated as an individual in order to determine if they are moral or not. Pareto-Improvements and a Pareto- Optimal situations are not “one size fits all’ in the terms of morality, they can be both good and bad. References Hausman, Daniel M. and Michael S. McPherson. Economic Analysis, Moral Philosophy, and Public Policy. Second Edition. New York: Cambridge University Press, 2007. Text. Pages 64-72.