Rational Choice Theory and Saint Leo Core Value of Excellence
Abstract
As rational human beings, individuals form their opinions and perceptions about different issues in the society, especially those that has value and relevance to us. This is natural for us considering that we are reactive creatures who respond to stimuli presented to us. However, in the conduct of an experiment researchers should not allow their own personal biases to control them because this is unethical and this would invalidate the study, as what was mentioned earlier. However, this is not to say that researchers should not have results that are aligned with their beliefs or their perceptions. Otherwise, if they point the direction of the result on another direction then that would also constitute to manipulating the study. It might seem easy when everything is said but this can be quite complicated. According to the principle of rational choice theory, individuals make their decision by considering the best among various practical options. This paper aims to evaluate the Rational Choice Theory based on the different economic and legal imperatives.
Keywords: Rational Choice Theory, Saint Leo Core Value of Excellence, accountability, moral rule, corporate social responsibility, market system
Rational Choice Theory and Saint Leo Core Value of Excellence
“If moral rules apply to everyone, then these rules should be enforced.
People (cultures) should not interfere with what other people do, even if these acts seem morally wrong. I should not force you to do what I think you morally should do.
Therefore, no moral rules apply to everyone.”
In every sense of the word, corporations are established as a separate legal entity that has privileges and liabilities apart from the privileges and liabilities of its members (Low, 2008). Blumberg, (1993) gave corporations a personality in his work “The Multinational Challenge to Corporate Law.” According to the author, a corporation is just like a real person (Blumberg, 1996). In this effect despite not being a real person, the state acknowledges that corporation has rights just like a real individual under the law. This being the case, corporations are also believed to commit violations against people and the state. And like any person, a corporation can also die, when it is dissolved.
Now that corporations are given this persona, economists and social analysts are geared on evaluating the perils that these organizations bring to the society and the state. There had been several accounts in history where corporations had been charged with criminal liabilities like fraud and to some extent even manslaughter. This is the reason why Bakan (2011), author of a popular book The Corporation: The Pathological Pursuit of Profit and Power, declared that corporations are pathological institutions, a threat for possessing great power that can be directed to the people and the society. Tracing down the progress of corporations in this day and age we can clearly see how these types of organizations are deemed as the most powerful force and influential.
With the concept in the syllogism presented in the introduction, the principle of moral …
