Act-consequentialism (C) is self-effacing for an agent iff that agent’s not accepting C would produce the best outcome. The question of whether C is self-effacing is important for evaluating C. Some hold that if C is self-effacing that would be a mark against it (Williams 1973: 134); however, the claim that C is self-effacing is also used to defend C against certain objections (Parfit 1984: Ch. 1, Railton 1984). -/- In this paper I will show that one argument suggested by (...) Parfit and Railton fails to establish that C is self-effacing for individuals. However, a slightly different argument may show that C is self-effacing for groups. This raises the intriguing possibility that it might be right for an individual, but not for a group of which they are a member, to accept a moral theory. This possibility, odd though it seems, might be helpful to consequentialists. (shrink)

The concepts of 'ethical' and 'socially responsible' investment (SRI) have become increasingly popular in recent years and funds which offer this kind of investment have attracted many individual inve... merstors. The present book addresses the issue of 'How ought one to invest?' by critically engaging with the ideas of the proponents of this movement about what makes 'ethical' investing ethical. The standard suggestion that ethical investing simply consists in refraining from investing in certain 'morally unacceptable companies' is criticised for being (...) both too rigid (often resting on absolute moral rules which lead to an austere conclusion) and too ineffective for individual investors (investors who after all control only a small part of the investment universe). Furthermore, the idea that ethical investing could consist in engaging more actively with the companies one invests in, in order to make them change their ways and become more socially responsible, is criticised for being just as ineffective for individual investors. Some more radical alternatives are elaborated on and defended - for instance, the suggestion that investors should make as much money from their investments as possible and then donate the proceeds to socially worthwhile charities. From similar suggestions, the common idea that there is no conflict between morality and profitability, or that genuinely ethical investing can be just as profitable as mainstream investing, is criticised for being too naïve. Making a difference may indeed require personal sacrifice of investors, but it is argued that the needs of the possible recipients of philanthropy are morally more important than the luxury of investment returns. (shrink)

The view that what one ought, or is obligated, to do is the best that one can do faces a problem even from the perspective of someone sympathetic with the view: there are cases of group action where, through lack of cooperation, the best that can be done is not done and yet where, it seems, each individual does the best that he or she can do. In this paper, various attempts to deal with this problem are criticized and then (...) a new solution is offered, one which requires "connected" individuals to be "transigent" relative to one another concerning possible group outcomes. (shrink)

When several agents together produce suboptimal outcomes, yet no individual could have made a difference for the better, Act Consequentialism counterintuitively judges that all involved agents act rightly. I address this problem by supplementing Act Consequentialism with a requirement of modal robustness: Agents not only ought to produce best consequences in the actual world, but they also ought to be such that they would act optimally in certain counterfactual scenarios. I interpret this Modally Robust Act Consequentialism as Act Consequentialism plus (...) a requirement of moral virtue, namely, to reliably act rightly and to act rightly for the right reasons. (shrink)

Coordination games show that all individuals can do what is right according to act‐consequentialism, even if they do not bring about the best outcome as a group. This creates two problems for act‐consequentialism. First, it cannot accommodate the intuition that there is some moral failure in these cases. Second, its formulation as a criterion of rightness conflicts with the underlying act‐consequentialist concern that the best outcome is brought about. The collectivist view solves these problems by holding that any group of (...) two or more individual agents, and only individual agents, is a collective agent who itself can act rightly or wrongly. When such a collective agent does what is wrong, there is a moral failure. When all collective agents do what is right, the best outcome is brought about. In this paper, I defend the collectivist view against the No Act Objection, according to which the doings of many so called disunified collectives are not acts. (shrink)