My title may generate some perplexity. It is certainly not a familiar one. So I should make it plain at the outset that I shall not be talking about the ethics of organizations or associations or groups. I want to direct attention to the ethical and valuational questions associated with social institutions, and I distinguish institutions from associations and organizations. One question I am aiming at is whether the principles and standards applicable to moral judgments of actions (either tokens or types) and of persons—call them individual principles—are also applicable, or applicable with only minor changes, to the judgment and critique and evaluation of institutions and practices. This is not the sole question of institutional ethics, but it is a main one.