Choice Institutions, Moral Theories, and Social Responsibilities

Proceedings of the International Association for Business and Society 21:12-22 (2010)
  Copy   BIBTEX


This paper reports a preliminary sketch of a framework for integrating perspectives on economics, ethics, strategy, and stakeholders (Jones, 1995). It may notbe desirable in management practice to separate such considerations (Harris & Freeman, 2008). There are three general types of collective choice institutions: governments, markets, and voluntary associations. There are four general types of moral theory: moral rules (Kantianism), consequentialism (utilitarianism), virtuousness (bundling virtue theory, religion, and moral intuitionism), and social contract. There are three general positions concerning social responsibilities of individuals and corporations (i.e., a licensed group of individuals). One position asserts zero social responsibility beyond compliance with laws. The polar-opposite position asserts significant social responsibilities by moral obligation. An intermediate position asserts social responsibility by agent cost-benefit analysis. The framework seeks to map these types of institutions, moral theories, and social responsibility conceptions relative to one another. The purpose is to see whether insight can be obtained concerning certain key developing debates. The paper explores implications of the work of Ostrom and Williamson (winners of the 2009 Nobel Prize in Economic Sciences) for this framework. That work addresses choice institutions—to which moral theories and social responsibility theories can be added.



    Upload a copy of this work     Papers currently archived: 91,349

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Social Freedom and Commitment.Shay Welch - 2012 - Ethical Theory and Moral Practice 15 (1):117-134.
Schefflerian ethics and corporate social responsibility.J. Angelo Corlett - 1988 - Journal of Business Ethics 7 (8):631 - 638.
Self, identity, and social institutions.Neil Joseph MacKinnon - 2010 - New York, NY: Palgrave-Macmillan. Edited by David R. Heise.
Corporations and the Cause of Environmental Protection.Napoleon M. Mabaquiao - 2002 - Eubios Journal of Asian and International Bioethics 12 (1):11-15.
'Infrastructures of responsibility': The moral tasks of institutions.Garrath Williams - 2006 - Journal of Applied Philosophy 23 (2):207–221.
The moral responsibility of the hospital.Richard T. De George - 1982 - Journal of Medicine and Philosophy 7 (1):87-100.
Rational choice theory's mysterious rivals.Dennis Chong - 1995 - Critical Review: A Journal of Politics and Society 9 (1-2):37-57.


Added to PP

23 (#664,515)

6 months
3 (#992,474)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references