The narrow application of Rawls in business ethics: A political conception of both stakeholder theory and the morality of markets
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
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Journal of Business Ethics 97 (4):563-579 (2010)
This paper argues that Rawls’ principles of justice provide a normative foundation for stakeholder theory. The principles articulate (at an abstract level) citizens’ rights; these rights create interests across all aspects of society, including in the space of economic activity; and therefore, stakeholders – as citizens – have legitimate interests in the space of economic activity. This approach to stakeholder theory suggests a political interpretation of Boatright’s Moral Market approach, one that emphasizes the rights/place of citizens. And this approach to stakeholder theory – in terms of citizens – raises a further question, what rights and obligations do economic agents have, beyond those attached to their roles as citizens? Rawls would reject additional rights and obligations of this sort for two reasons, one tied to freedom and one tied to pluralism. Rawls’ work therefore presses us to re-conceptualize the place of ethical claims in the economic context.
|Keywords||Rawls stakeholder theory (normative foundations) social contract theory Moral Markets approach organizational ethics|
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References found in this work BETA
John Rawls (1971/2005). A Theory of Justice. Harvard University Press.
John Rawls (1999). The Law of Peoples. Harvard University Press.
John Rawls (2001). Justice as Fairness: A Restatement. Harvard University Press.
John Rawls (1993). Political Liberalism. Columbia University Press.
John Rawls (2005). Political Liberalism: Expanded Edition. Columbia University Press.
Citations of this work BETA
Montgomery Van Wart, David Baker & Anna Ni (2014). Using a Faculty Survey to Kick-Start an Ethics Curriculum Upgrade. Journal of Business Ethics 122 (4):571-585.
Alejandra Marin, Ronald K. Mitchell & Jae Hwan Lee (2015). The Vulnerability and Strength Duality in Ethnic Business: A Model of Stakeholder Salience and Social Capital. Journal of Business Ethics 130 (2):271-289.
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