A Critique of Social Contracts for Business
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Abstract:This article evaluates the social contract theorizing of Professors Thomas Donaldson, Thomas Dunfee and Michael Keeley. This theorizing is tested with G.E. Moore’s concept of moral authority, with moral psychology, and by managerial utility. Both strengths and weaknesses are found in the theories and the author concludes that while there is great potential, much work in theory development remains.