Mill's Theory, Like Kant's (Reading 2

question 71

Essay

Mill's theory, like Kant's (Reading 2.1), is a comprehensive ethical theory. Therefore, a parallel question about how to respond to its comprehensiveness arises. The issues, again, are as follows: Many people believe that Mill's theory is usually but not always right, asserting that they need flexibility in their decision making. Others reply that if we are going to make exceptions, the point of having a theory is lost, asserting that the reason to have a theory such as utilitarianism is that it is the only way to avoid rationalizing. Who is right and why?

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Definitions:

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often associated with the level of risk.

Interest Rate Movements

The fluctuations in interest rates which can affect the cost of borrowing money and the performance of investments.

Interest Rates

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan amount.

Supply and Demand

Economic model describing how prices vary as a result of a balance between product availability and the desire of consumers.