Russell's proposed revision conflates the standard for right action with the standard for rational or praiseworthy action, a distinction central to act-consequentialist theory since Railton's 1984 account of sophisticated consequentialism.
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(as the specific version of consequentialism Railton proposed)
A more nuanced version of consequentialism that acknowledges the theory's limitations and tries to fix problems with simpler versions of the theory.
Standard for rational or praiseworthy action(as another type of standard being distinguished)
The criterion or rule we use to decide whether an action makes logical sense or deserves approval, which may be different from whether it's morally correct.
Standard for right action(as one type of standard being distinguished)
The criterion or rule we use to decide whether an action is morally correct or incorrect.