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Social Contracting in a Pluralist Process of Moral Sense Making: A Dialogic Twist on the ISCT

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  • Jerry Calton

Abstract

This paper applies Wempe’s ( 2005 , Business Ethics Quarterly 15(1), 113–135) boundary conditions that define the external and internal logics for contractarian business ethics theory, as a system of argumentation for evaluating current or prospective institutional arrangements for arriving at the “good life,â€\x9D based on the principles and practices of social justice. It does so by showing that a more dynamic, process-oriented, and pluralist ‘dialogic twist’ to Donaldson and Dunfee’s ( 2003 , ‘Social Contracts: sic et non’, in P. Heugens, H. van Oosterhout and J. Vromen (eds.), The Social Institutions of Capitalism: Evolution and Design of Social Contracts (Cheltenham, UK, Edward Elgar Publishing, Ltd.) pp. 109–126; 1999 , Ties that Bind: A Social Contracts Approach to Business Ethics (Boston, MA, Harvard Business School Press); 1995 , Economics and Philosophy 11(1), 85–112; 1994 , Academy of Management Review 19(2), 252–284.) integrated social contracting theory (ISCT) of economic ethics will further develop this promising and influential approach to moral reasoning, ethical decision-making, and stakeholder governance. This evolutionary, interactive learning-based model of ethical norm generation via dialogic stakeholder engagement is particularly appropriate within economic communities that are experiencing value conflict and pressures for institutional change. Copyright Springer Science+Business Media, Inc. 2006

Suggested Citation

  • Jerry Calton, 2006. "Social Contracting in a Pluralist Process of Moral Sense Making: A Dialogic Twist on the ISCT," Journal of Business Ethics, Springer, vol. 68(3), pages 329-346, October.
    • Handle: RePEc:kap:jbuset:v:68:y:2006:i:3:p:329-346
    DOI: 10.1007/s10551-006-9017-5
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    References listed on IDEAS

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    1. Donaldson, Thomas & Dunfee, Thomas W., 1995. "Integrative Social Contracts Theory," Economics and Philosophy, Cambridge University Press, vol. 11(1), pages 85-112, April.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    3. Dunfee, Thomas W., 1991. "Business Ethics and Extant Social Contracts," Business Ethics Quarterly, Cambridge University Press, vol. 1(1), pages 23-51, January.
    4. J. van Oosterhout & P.P.M.A.R. Heugens & S.P. Kaptein, 2003. "The Internal Morality of Contacting: Redeeming the Contractualist Endeavor in Business Ethics," Working Papers 03-15, Utrecht School of Economics.
    5. O’Connell, Lenahan L. & Stephens, Carroll U. & Betz, Michael & Shepard, Jon M. & Hendry, Jamie R., 2005. "An Organizational Field Approach to Corporate Rationality: The Role of Stakeholder Activism," Business Ethics Quarterly, Cambridge University Press, vol. 15(1), pages 93-111, January.
    6. Walton, Clarence C., 1993. "Business Ethics and Postmodernism: A Dangerous Dalliance," Business Ethics Quarterly, Cambridge University Press, vol. 3(3), pages 285-306, July.
    7. Gustafson, Andrew, 2000. "Making Sense of Postmodern Business Ethics," Business Ethics Quarterly, Cambridge University Press, vol. 10(3), pages 645-658, July.
    8. Ken Binmore, 1994. "Game Theory and the Social Contract, Volume 1: Playing Fair," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262023636, December.
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    Cited by:

    1. Cedric Dawkins, 2014. "The Principle of Good Faith: Toward Substantive Stakeholder Engagement," Journal of Business Ethics, Springer, vol. 121(2), pages 283-295, May.
    2. Duane Windsor, 2018. "Dynamics for Integrative Social Contracts Theory: Norm Evolution and Individual Mobility," Journal of Business Ethics, Springer, vol. 149(1), pages 83-95, April.
    3. Björn Fasterling, 2012. "Development of Norms Through Compliance Disclosure," Journal of Business Ethics, Springer, vol. 106(1), pages 73-87, March.
    4. Dirk Gilbert & Michael Behnam, 2009. "Advancing Integrative Social Contracts Theory: A Habermasian Perspective," Journal of Business Ethics, Springer, vol. 89(2), pages 215-234, October.
    5. Sybille Sachs & Marc Maurer, 2009. "Toward Dynamic Corporate Stakeholder Responsibility," Journal of Business Ethics, Springer, vol. 85(3), pages 535-544, April.
    6. Ben Wempe, 2009. "Extant Social Contracts and the Question of Business Ethics," Journal of Business Ethics, Springer, vol. 88(4), pages 741-750, October.
    7. Livia Levine, 2019. "Digital Trust and Cooperation with an Integrative Digital Social Contract," Journal of Business Ethics, Springer, vol. 160(2), pages 393-407, December.
    8. Ugo Pagallo & Massimo Durante, 2009. "Three Roads to P2P Systems and Their Impact on Business Practices and Ethics," Journal of Business Ethics, Springer, vol. 90(4), pages 551-564, December.
    9. Paul Neiman, 2013. "A Social Contract for International Business Ethics," Journal of Business Ethics, Springer, vol. 114(1), pages 75-90, April.
    10. Federico Ast, 2019. "The Deliberative Test, a New Procedural Method for Ethical Decision Making in Integrative Social Contracts Theory," Journal of Business Ethics, Springer, vol. 155(1), pages 207-221, March.
    11. Ben Wempe, 2008. "Four Design Criteria for any Future Contractarian Theory of Business Ethics," Journal of Business Ethics, Springer, vol. 81(3), pages 697-714, September.
    12. Jerry Calton & Patricia Werhane & Laura Hartman & David Bevan, 2013. "Building Partnerships to Create Social and Economic Value at the Base of the Global Development Pyramid," Journal of Business Ethics, Springer, vol. 117(4), pages 721-733, November.

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