Journal of Business Ethics 89 (2):215-234 (2009)

Abstract
We critically assess integrative social contracts theory (ISCT) and show that the concept particularly lacks of moral justification of substantive hypernorms. By drawing on Habermasian philosophy, in particular discourse ethics and its recent application in the theory of deliberative democracy , we further advance ISCT and show that social contracting in business ethics requires a well-justified procedural rather than a substantive focus for managing stakeholder relations. We also replace the monological concept of hypothetical thought experiments in ISCT by a concept of practical discourse to better govern business activities on the macro-level of organizational actors such as firms, governments, and NGOs.
Keywords integrative social contracts theory  discourse ethics  deliberative democracy  social contracting
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DOI 10.1007/s10551-008-9995-6
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References found in this work BETA

Principia Ethica.G. E. Moore - 1903 - Dover Publications.
Morals by Agreement.David Gauthier - 1986 - Oxford University Press.
Critique of Practical Reason.Immanuel Kant - 1788 - Hackett Publishing Company.

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Stakeholder Theory: A Deliberative Perspective.Ulf Henning Richter & Kevin E. Dow - 2017 - Business Ethics: A European Review 26 (4):428-442.

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