PHI 2604 Topics for the Midterm Exam

Chapter 4

1- Historic background of Capitalism p. 151
2- Key Features of Capitalism (companies, profit motive, competition, private property) p. 153-155
3- Moral Justifications of Capitalism (Natural Right to Property, Adam Smith’s Concept of the Invisible Hand) p. 155-157
4- Critiques of Capitalism (Inequality, Human Nature and Capitalism, Capitalism breeding Oligopolies, Exploitation and Alienation) p. 159-163
5- Focus on the Short Term6- Declining Interests in Production p. 166

Chapter 5

1- LLC
2- Meanings of Moral Responsibility p.208
3- Corporations and Moral Decisions p.209
4- Narrow View of Corporate Responsibility p.212
5- Broader View of Corporate Responsibility p.213
6- Invisible Hand argument p.217
7- Hand-of-Government argument p. 218
8- Inept Custodian argument p.219
9- Materialization of Society p.219

Chapter 8

1- Hiring (Screening): Job description, job specification p. 281
2- Tests: Aptitude, Personality, Skill Tests, p. 283,284
3- Interviews (how should they be conducted)
4- Promotions: Tensions between seniority and qualifications
5- Inbreeding
6- Discipline and Discharge: “just cause” and “due process” p.287
7- Wages p. 289
8- History of the Union Movement9- Direct Strike, Sympathetic Strike, Boycotts p. 294, 295