Categories: Ethics

Ethics and ethical theories explained

Ethics is defined as a moral philosophy or code of morals, based on what is considered right and wrong practiced by a whole society or a person. The arena of ethics encompasses standardizing, defending, and recommending concepts of right and wrong behavior. The ethical theories are usually divided into three topics. They are meta-ethics, normative ethics, and applied ethics.
The meta-ethics, as the term suggests, is a study of the nature of ethics. It probes the origin of ethical principles and answering questions like whether these principles are merely social invention or they are more than expression of our individual emotions. The responses to these questions are answered by converging on the issues of universal truths, the will of God, the role of reason in ethical judgments, and the meaning of ethical terms themselves.
Normative ethics, also known as normative theory, or moral theory, takes on more practical tasks to find out which actions are right and wrong, or which character traits are good and bad. It articulates fundamental principles that govern the issues of how we should live, the good habits that we should acquire and what we morally ought to do on others. In a sense, it is a search for an ideal litmus test of proper behavior.
Applied ethics refers to use of philosophical methods to identify the morally correct course of action in various fields of human life. In a sense applied ethics is the application of ethical theories to solve our practical problems.

Related posts:

1.What are Cyber Threats of different types?

2.Ethics in banks and financial institutions

3.What are Intellectual Property Rights?

4. What are Data Security and Privacy?

5. Whistle-blowing in Banks explained

6.Whistle-Blower and Whistle-blowing law in India explained

7.Unethical Behavior: Causes and Remedies

8.Manager as an ethical leader

9. Employees as ethics ambassadors

10.Meaning of Work Ethics and Workplace Ethics

11.How Conflict of interest arises?

12. What is Fair Value Accounting Practice?

13.Employees’ Obligation to Bank and other duty compulsions

14. Ethics at the Individual Level

15. Business ethics and Banking

16.Ethics and ethical theories explained

17.Code of Ethics Manual

18.Benefits of ethical behaviour: Overview

Surendra Naik

Share
Published by
Surendra Naik

Recent Posts

India’s progress in SDGs including Climate change, and CSR Activities

The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the…

15 hours ago

Global Issues and initiatives

Global issues are problems of economic, environmental, social, and political concerns that affect the entire…

2 days ago

Core elements of Sustainable Development

Sustainable development or 'Sustainability for development' refers to the development that is done without damaging…

3 days ago

Non-standard practices of charging interest by lenders: RBI directs corrective action

The Reserve Bank of India today, in its circular informed that during the onsite examination…

3 days ago

The list of Priority Sectors identified in India and PSL lending norms

Priority Sector lending (PSL) means bank lending to those sectors that the Government of India…

4 days ago

International Economic Organizations: The World Bank

The World Bank was established in 1944 in the name of the International Bank for…

4 days ago