Justice: What's The Right Thing To Do? Episode 02: "PUTTING A PRICE TAG ON LIFE"


Summary

This video provides an insightful overview of Jeremy Bentham's utilitarian philosophy, emphasizing the principle of maximizing happiness while minimizing pain through a cost-benefit analysis approach. It explores real-world examples such as the Philip Morris tobacco company and Ford Pinto car safety analysis to illustrate the concept in practice. The discussion delves into objections to utilitarianism, particularly concerning minority rights, the monetization of values, and distinguishing between higher and lower pleasures. Furthermore, it introduces John Stuart Mill, his advocacy for individual rights and higher pleasures, and the challenges in implementing such modifications within a utilitarian framework. The video also elaborates on Mill's perspective on justice and rights, questioning the compatibility of these concepts with utilitarianism.


Introduction to Utilitarianism

An overview of Jeremy Bentham's utilitarian philosophy, focusing on the principle of maximizing happiness over pain through a cost-benefit analysis approach.

Cost-Benefit Analysis in Practice

Examples of cost-benefit analysis in real-world scenarios such as Philip Morris tobacco company's case and the Ford Pinto car safety analysis.

Critiques of Utilitarianism

Various objections to utilitarianism, including concerns about minority rights, translating all values into monetary terms, and distinguishing between higher and lower pleasures.

Introduction to John Stuart Mill

Introduction to John Stuart Mill, his upbringing, education, and exploration of modifying the utilitarian calculus to consider individual rights and higher pleasures.

Distinguishing Higher Pleasures

Discussion on Mill's approach to identifying higher pleasures by preferences and experiences, along with objections and experiments to test the theory.

Exploring Justice and Rights

John Stuart Mill's views on the importance of justice and rights, and the discussion on whether these concepts can be adequately addressed within a utilitarian framework.

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