Many philosophers believe that morality consists of following precisely defined rules of conduct, such as "don't kill," or "don't steal." Presumably, I must learn these rules, and then make sure each of my actions live up to the rules. Virtue ethics , however, places less emphasis on learning rules, and instead stresses the importance of developing good habits of character , such as benevolence (see moral character ). Once I've acquired benevolence, for example, I will then habitually act in a benevolent manner. Historically, virtue theory is one of the oldest normative traditions in Western philosophy, having its roots in ancient Greek civilization. Plato emphasized four virtues in particular, which were later called cardinal virtues : wisdom, courage, temperance and justice. Other important virtues are fortitude, generosity, self-respect, good temper, and sincerity. In addition to advocating good habits of character, virtue theorists hold that we should avoid acquiring bad character traits, or vices , such as cowardice, insensibility, injustice, and vanity. Virtue theory emphasizes moral education since virtuous character traits are developed in one's youth. Adults, therefore, are responsible for instilling virtues in the young.
The public policy behind antitrust legislation has three elements. It prevents practices and agreements that do not allow free competition and trading between businesses. This helps to discourage business cartels. Secondly, it prevents abusive behavior normally indicated by firms that dominate markets. It does this through discouraging practices which are anti-competitive. Such practices include bad pricing, boycott and price gouging among others. Thirdly, it supervises acquisitions, mergers and joint ventures between companies. This results into prohibiting of threatening transactions to the competitive process. Need essay sample on "Antitrust and Ethics Law" ? We will write a custom essay sample specifically for you for only $/page