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Russ Shafer-Landau Is Professor of Philosophy at the University of Wisconsin-Madison

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Russ Shafer-Landau is professor of philosophy at the University of Wisconsin-Madison. He is the author, editor, or coeditor of several books including The Fundamentals of Ethics, fourth edition (2017) and The Ethical Life, fourth edition (2017) . He is also the editor of Oxford Studies in Metaethics. In this reading he reviews some common criticisms of utilitarianism and argues that although some of them are less than decisive, others pose serious problems for the theory. Utilitarianism's most crippling shortcomings are its insistence that there is no intrinsic wrongness (or rightness) and its requirement that we must maximize well-being even if justice is thwarted.
-Aristotle says that virtue aims at


Definitions:

Honoring

The act of fulfilling or adhering to agreements, commitments, or payments.

Dishonoring

Dishonoring occurs when a promised payment, such as a check or electronic payment, is not completed due to insufficient funds or rejection by the bank.

Note Receivable

A written promise for a specified amount of money to be paid by a debtor at a certain future date.

Principal

The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or profits.

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