Most people consider virtue ethics as an ethical system opposed by consequentialism, deontology, and consequentialism. However, I don't think that that is true, as virtue ethics tries to answer the question "how do we ought to be ?" while consequentialism, deontologism and other views on ethics tries to answer the question "what do we ought to do ?". — Hello Human
I wrestled with this very question seven years ago. The way I solved the problem is
1) A better theory than the traditional three you mention is an ethical theory that does not have "action" as its central concept but rather makes "good character" as its primary orientation.
2) The three most well-known schools of thought form a hierarchy, with rules-based approaches worth the least value, ends-based approaches are better but still not the best; and character-based theories being at the top of the hierarchy. They - the ideas in Modern VT - are the very best of the lot. And I give reasons why this is so: I justify my claim. See pages 7-12 here:
http://www.myqol.com/wadeharvey/PDFs/LIVING%20WELL-How%20ethics%20helps%20us%20flourish.pdf
One might think to himself: I want to make a lot of money. Then I can pursue my ambitions, and be a success! " I'll have money (or power, or influence.) Or I'll have recognition (or fame, or celebrity)."
But all this is a moral fallacy. The guy has it backwards and upside down:
Before you can do or have, you are to BE. Once you have practical wisdom, moral courage, moderation and know how to neither overdo nor under-do ...or, more correctly: how how to not over-value something nor under-value it ...whatever it may be: a situation, a thing, an event, a conception, a perception or an experience.
An individual of good character has good qualities. I discuss these in my writings, the latest of which is THE STRUCTURE OF ETHICS. -
http://www.myqol.com/wadeharvey/PDFs/THE%20STRUCTURE%20OF%20ETHICS.pdf
See also the references it offers within that text in order to get a fuller and deeper understanding of the new paradigm for Ethics which it describes and which it offers for your consideration.
Also examine and reflect upon the content of my recent two discussions here at this Forum: Why a new approach is needed and How to tell a good character from a bad one. The good character I am talking about has what used to be called "the virtues."
To know what I mean when I call something "good" see the first few sections in the booklet, Marviin C. Katz, ETHICS: A College Course. {A search on Bing or Firefox will bring it up for your reading enjoyment.} Robert S. Hartman, a great professional philosopher, and a genius, gets the credit for an in-context definition of the concept: ' x is a
good C'
C here refers to the concept under which x falls. For example, "This is a good thread." Hartman explained what makes anything good.
Your comments or questions are most welcome!