NHS 6008 Ethics and Economic Decision Making

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NHS 6008 Ethics and Economic Decision Making

NHS 6008 Ethics and Economic Decision Making

For this discussion:

Select one issue that deals with ethics and economic
decision making.

Provide an overview of leadership implications.

Suggest recommendations for addressing the issue along with
a framework or resource to promote ethical decision making.

Post according to the Faculty Expectations Response
Guidelines. Remember to cite the readings, resources, and research that you
have used in the development of your post.

Response Guidelines

Respond to the posts of other learners according to the
Faculty Expectations Response Guidelines.

Evaluate their recommendations.

Discuss two strengths of their recommendations.

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Suggest one way in which their recommendations could be

Kantian Ethics, Economics, and Decision-Making



This chapter proposes an economic model of decision-making based on non-consequentialist ethics, focusing on the moral theory of Immanuel Kant who argues that the moral worth of actions is determined by the nature of the actions themselves, rather than their consequences. This type of ethical theory is also known as deontological theory, which is distinct from consequentialist or teleological (goal-oriented) theory. Drawing on Kant’s conception of duty, this chapter incorporates deontological considerations into the economic model of choice. It first looks at key aspects of Kant’s moral theory, including autonomy, judgment, dignity, perfect and imperfect duty, and the categorical imperative. It then applies these ideas to the classic prisoners’ dilemma in game theory. Finally, it describes a Kantian-economic model of decision-making, which shows how Kant’s ethics can be incorporated into the economic optimization framework. The chapter contends that with the proper understanding of duties, preferences, and constraints, the standard economic model is useful for describing deontological choice along Kantian lines.


Keywords:   ethicsImmanuel Kanteconomic modeldecision-makingnon-consequentialist ethicsmoral theorycategorical imperativedutydeontological choiceprisoners’ dilemma

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