I found the title to be misleading. This book is more instructional than an exploration of the complicated subject of ethics. It presents basic Buddhist ethical understandings, but reads like a rule book. In "everyday life" we experience complex and challenging ethical problems, and this book does not address such issues. I gave it three stars, thouugh, because it's simply helpful to be reminded, in another author's words, of the soundness of Buddhist principles and their application.
As a novice in Buddhism, I found this book to be an exceptional presentation of the basics of the Buddha's teachings. The text is broken down into short chapters on key subjects, such as friendship, lying, making money, helpings others. This format makes the book very useful, one that can be read over and over for either daily meditations or for review to help you re-focus your behavior. It also is very helpful in presenting key sections of important sutras in the Buddha's teachings. A wonderful and highly recommended book.