Ethics

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Related to Descriptive ethics: Normative ethics, Meta ethics

Ethics

Standards of conduct or moral judgment.

Ethics

The study and practice of appropriate behavior, regardless of the behavior's legality. Certain industries have professional organizations setting and promoting certain ethical standards. For example, an accountant may be required to refrain from engaging in aggressive accounting, even when a particular type of aggressive accounting is not illegal. Professional organizations may censure or revoke the licenses of those professionals who are found to have violated the ethical standards of their fields.

In investing, ethics helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore refrain from investing in tobacco companies. Ethics may be both positive and negative in investing; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting ethical investing. See also: Green fund, Islamic finance.
References in periodicals archive ?
Carey called for a normative ethics that would unite the philosophical study of ethical theory with descriptive ethics.
The discipline of ethics contains several categories including normative ethics, metaethics and descriptive ethics.
For if one turns to the beginning of The Principles of Biomedical Ethics, one sees that Beauchamp and Childress distinguish between normative ethics and nonnormative ethics, and in particular contrast what they do with both descriptive ethics and metaethics, for the objective of these other approaches "is to establish what factually or conceptually is the case, not what ethically ought to be the case," which Beauchamp and Childress wish to do in their work (p.

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