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

Jerry Calton ()

Journal of Business Ethics, 2006, vol. 68, issue 3, 329-346

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

Keywords: ISCT; discourse ethics; stakeholder dialogue; pluralist sense making processes (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (12)

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DOI: 10.1007/s10551-006-9017-5

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