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Thomas Nagel is professor of philosophy at New York University and the author of several works in moral and political philosophy. In this selection Nagel challenges the Kantian way of viewing morality, which assumes that we are all equal rational participants in the moral enterprise, each having the same opportunity to be moral. Nagel suggests that this view is simplistic and fails to take into account the manner in which external factors impinge upon us. They introduce the idea of moral luck, which he defines thus: "Where a significant aspect of what someone does depends on factors beyond his control, yet we continue to treat him in that respect as an object of moral judgment, it can be called moral luck."
Four types of moral luck are considered: constitutive luck, circumstantial luck, consequential luck in which consequences retrospectively justify an otherwise immoral act (or fail to justify an otherwise moral act) , and consequential luck in which the consequences affect the type of blame or remorse (or moral praise) .
-Nagel thinks that our notion of moral responsibility is
Labor Per Unit
Refers to the amount of labor required to produce a single unit of a product, indicating efficiency and productivity levels.
Long-run Average Cost Curve
A curve that shows the lowest cost at which a firm can produce any given level of output in the long run, when all inputs are variable.
Monthly Production
The total quantity of goods or services produced by a company, industry, or economy over the span of a month.
Production Cost
The total expense incurred in manufacturing a product or offering a service, including raw materials, labor, and overheads.
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