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There is a eudemonistic or economic pessimism, that which denies happiness; there is an ethical pessimism, that which denies the triumph of moral good; and there is a religious pessimism, that which despairs of the human finality of the Universe, of the eternal salvation of the individual soul.

The majority of the eudemonistic systems, along with the promotion of private welfare, prescribe the furtherance of universal good without being able to indicate at what point the pursuit of personal welfare should give way to regard for the good of others, while in the perfectionist systems the social element is wanting or retreats unduly into the background.

There is no act but is aimed for pleasure of some sort or away from pain; men differ, then, only in their wisdom in selecting the more important pleasures and their skill in attaining what they aim for. This assertion, easily refuted, has seemed to some opponents of the eudemonistic account of morality so bound up with it as to involve its downfall.

Nevertheless virtue is not based upon an inflexible, despotic, abstractly, formal law, but upon an instinct, which, however, does not aim at happiness. Hence with the Illumination he rejects the imperative form, and with Kant the eudemonistic end. At the same time he endeavors to introduce Herder's idea of individuality into ethics, by demanding that morality assume a special form in each man.

But the happiness-account of morality leads to no dangerous laxity. If any eudemonistic moralists have lived loosely, it was because they did not realize what really makes for happiness or had not strength of will to cleave to it, not because they saw happiness as the criterion.

Our account of morality may be called the eudemonistic account, from the Greek eudemonia, happiness, or the teleological account, from telos, an end. It asserts, that is, that morality is to be judged by the end it subserves; that end is happiness. We have seen the sort of protest that arises with respect to the word "happiness."

I admit Bushido had its esoteric and exoteric teachings; these were eudemonistic, looking after the welfare and happiness of the commonalty, while those were aretaic, emphasizing the practice of virtues for their own sake.

The due proportion between the social passions, which constitute the direct source of good, and those of self-love, consists in subordinating the latter to the former. The kinship of this ethics of harmony with the ethical views of antiquity is evident. It is completed by the eudemonistic conclusion of the system.

Theonomic ethics, egoistic ethics, the ethics of sympathy, and the ethics of perfection are all eudemonistic, and hence heteronomic. The practical reason receives the law neither from the will of God nor from natural impulse, but draws it out of its own depths; it binds itself.