We live in a time when almost everything can be bought and sold. Over the past few years, markets and market values have come to govern our lives as never before. Today the logic of buying and selling no longer applies to material good alone but increasingly governs the whole of life. However, there is a wide spread realization that markets have become detached from morals and we need to somehow reconnect them. The use of markets to allocate social goods has also been a cause of concern. In this context, answer the following: (a) Is greed wholly a vice or a trait of character that has both positive and negative sides? Could you relate it to the utilitarian philosophy that emphasizes pursuit of self interest by individuals as the basis of economic well being? (b) Are there some things that money shouldn't buy? Illustrate with examples.

Answered by 2 toppers · CSE 2018

Syllabus: Ethics and Human Interface: Essence, determinants and consequences of Ethics in-human actions; dimensions of ethics; ethics - in private and public relationships. Human Values - lessons from the lives and teachings of great leaders, reformers and administrators; role of family society and educational institutions in inculcating values.