Moral principles, values, or beliefs about what is right or wrong are known as ethics

Some people talk about their personal ethics, others talk about a set of morals, and everyone in a society is governed by the same set of laws. They can be easy to conflate.

Knowing the difference and relationship between them is important though, because they can conflict with one another. If the law conflicts with our personal values or a moral system, we have to act – but to do so we need to be able to tell the difference between them.

Ethics

Ethics is a branch of philosophy that aims to answer the basic question, “What should I do?” It’s a process of reflection in which people’s decisions are shaped by their values, principles, and purpose rather than unthinking habits, social conventions, or self-interest.

Our values, principles, and purpose are what give us a sense of what’s good, right, and meaningful in our lives. They serve as a reference point for all the possible courses of action we could choose. On this definition, an ethical decision is one made based on reflection about the things we think are important and that is consistent with those beliefs.

While each person is able to reflect and discover their own sense of what’s good, right, and meaningful, the course of human history has seen different groups unify around different sets of values, purposes and principles. Christians, consequentialists, Buddhists, Stoics and the rest all provide different answers to that question, “What should I do?” Each of these answers is a ‘morality’.

Morality

Many people find morality extremely useful. Not everyone has the time and training to reflect on the kind of life they want to live, considering all the different combinations of values, principles, and purposes. It’s helpful for them to have a coherent, consistent account that has been refined through history and can be applied in their day to day lives.

Many people also inherit their morality from their family, community or culture – it’s rare for somebody to ‘shop around’ for the morality that most closely fits their personal beliefs. Usually the process is unconscious. There’s a challenge here: if we inherit a ready-made answer to the question of how we should live, it’s possible to apply it to our lives without ever assessing whether the answer is satisfactory or not.

We might live our whole lives under a moral system which, if we’d had the chance to think about, we would have rejected in part or in full.

Law

The law is different. It’s not a morality in the strict sense of the word because, at least in democratic nations, it tries to create a private space where individuals can live according to their own ethical beliefs or morality. Instead, the law tries to create a basic, enforceable standard of behaviour necessary in order for a community to succeed and in which all people are treated equally.

Because of this, the law is narrower in focus than ethics or morality. There are some matters the law will be agnostic on but which ethics and morality have a lot to say. For example, the law will be useless to you if you’re trying to decide whether to tell your competitor their new client has a reputation for not paying their invoices, but our ideas about what’s good and right will still guide our judgement here.

There is a temptation to see the law and ethics as the same – so long as we’re fulfilling our legal obligations we can consider ourselves ‘ethical’. This is mistaken on two fronts. First, the law outlines a basic standard of behaviour necessary for our social institutions to keep functioning. For example, it protects basic consumer rights. However, in certain situations the right thing to in solving a dispute with a customer might require us to go beyond our legal obligations.

Secondly, there may be times when obeying the law would require us to act against our ethics or morality. A doctor might be obligated to perform a procedure they believe is unethical or a public servant might believe it’s their duty to leak classified information to the press. Some philosophers have argued that a person’s conscience is more binding on them than any law, which suggests to the letter of the law won’t be an adequate substitute for ethical reflection.

Moral principles, values, or beliefs about what is right or wrong are known as ethics
Ethics and Values together lay the foundation for sustainability. While they are sometimes used synonymously, they are different, wherein ethics are the set of rules that govern the behaviour of a person, established by a group or culture. Values refer to the beliefs for which a person has an enduring preference.

Ethics and values are important in every aspect of life, when we have to make a choice between two things, wherein ethics determine what is right, values determine what is important.

In the world of intense competition, every business entity work on certain principles and beliefs which are nothing but the values. Likewise, ethics is implemented in the organisation to ensure the protection of the interest of stakeholders like customers, suppliers, employees, society and government. Read the following article to know the important differences between ethics and values.

Content: Ethics Vs Values

  1. Comparison Chart
  2. Definition
  3. Key Differences
  4. Conclusion

Comparison Chart

Basis for ComparisonEthicsValues
Meaning Ethics refers to the guidelines for conduct, that address question about morality. Value is defined as the principles and ideals, that helps them in making judgement of what is more important.
What are they? System of moral principles. Stimuli for thinking.
Consistency Uniform Differs from person to person
Tells What is morally correct or incorrect, in the given situation. What we want to do or achieve.
Determines Extent of rightness or wrongness of our options. Level of importance.
What it does? Constrains Motivates

Definition of Ethics

By the term ‘ethics’ we mean a branch of moral philosophy – a sense of rightness or wrongness of actions, motives and the results of these actions. In short, it is a discipline that identifies good or evil, just or unjust, fair or unfair practices, about moral duty. It is well-based standards that a person should do, concerning rights, obligations, fairness, benefits to society and so on. The standard puts a reasonable obligation to stop crime like stealing, assault, rape, murder, fraud and so on.

The system addresses the questions of the human morality, such as What should be a standard way for people to live? Or What are the appropriate actions in the given situations? What should be an ideal human conduct? etc. Under Ethics there are four important subject areas of study:

  • Meta-ethics: Ethical philosophy that analyses the meaning and scope of moral values.
  • Descriptive ethics: The branch of ethics that deals with psychology, sociology, anthropology, etc.
  • Normative Ethics: The study of the moral course of action through practical means.
  • Applied ethics: This branch tells us how we can achieve moral outcomes, in a particular circumstance.

Definition of Values

Values refer to the important and enduring beliefs or principles, based on which an individual makes judgements in life. It is at the centre of our lives which act as a standard of behaviour. They severely affect the emotional state of mind of an individual. They can be personal values, cultural values or corporate values.

Values are forces that cause an individual to behave in a particular manner. It sets our priorities in life, i.e. what we consider in the first place. It is a reason behind the choices we make. It reflects what is more important for us. So, if we are true to our values and make our choices accordingly, then the way we live to express our core values. Moreover, if you understand an individual’s values, you can easily identify what is important for them.

The fundamental differences between ethics and value are described in the given below points:

  1. Ethics refers to the guidelines for conduct, that address question about morality. Value is defined as the principles and ideals, which helps them in making the judgement of what is more important.
  2. Ethics is a system of moral principles. In contrast to values, which is the stimuli of our thinking.
  3. Values strongly influence the emotional state of mind. Therefore it acts as a motivator. On the other hand, ethics compels to follow a particular course of action.
  4. Ethics are consistent, whereas values are different for different persons, i.e. what is important for one person, may not be important for another person.
  5. Values tell us what we want to do or achieve in our life, whereas ethics helps us in deciding what is morally correct or incorrect, in the given situation.
  6. Ethics determines, to what extent our options are right or wrong. As opposed to values, which defines our priorities for life.

Conclusion

While ethics are consistently applied over the period, and remains same for all the human beings. Values have an individualistic approach, i.e. it varies from person to person but remains stable, relatively unchanging, but they can be changed over time due to a significant emotional event.

What are moral principles in ethics?

Moral Principles Reviewing these ethical principles which are at the foundation of the guidelines often helps to clarify the issues involved in a given situation. The five principles, autonomy, justice, beneficence, nonmaleficence, and fidelity are each absolute truths in and of themselves.

What are the moral principle of values?

Moral principles are guidelines that people live by to make sure they are doing the right thing. These include things like honesty, fairness, and equality. Moral principles can be different for everyone because they depend on how a person was raised and what is important to them in life.

What is morally right and wrong in ethics?

Morally wrong acts are activities such as murder, theft, rape, lying, and breaking promises. Other descriptions would be that they are morally prohibited, morally impermissible, acts one ought not to do, and acts one has a duty to refrain from doing. Morally right acts are activities that are allowed.

What do you mean by ethics?

Ethics examines the rational justification for our moral judgments; it studies what is morally right or wrong, just or unjust. In a broader sense, ethics reflects on human beings and their interaction with nature and with other humans, on freedom, on responsibility and on justice.