In order to investigate the structural aspect of this moral failure, we need to go back to the early political thoughts of the Enlightenment thinkers who first laid out the so-called
social contract theory, which has indeed become the core functioning apparatus of the neo-liberalized global economy.
Before going to link
social contract theory with Islamic Bank to mitigate risk, it is worth to have to have a look on
social contract theory.
While Malevil exhibits Rousseau's
social contract theory in action, Into the Forest demonstrates a rejection of the social contract and a return to a Rousseau's state of nature.
A "pessimistic evolutionist" who never confused technical progress with moral progress, Jouvenel was the most lucid contemporary critic of
social contract theory, a tradition that had forgotten the fundamental debts that human beings owe to their forebears and to the larger patrimony that is civilization.
For example, within
social contract theory philosophical discussions have tried to illuminate what justice, fairness, and equity mean.
Social contract theory is mentioned, but little or no time is devoted specifically to the study of the Declaration of Independence, the Constitution, its Bill of Rights or the Federalist Papers.
The argument of the book is involved, but Nussbaum's challenge to liberal
social contract theory (41) can be summarized with only limited damage to its structure.
Stockholder theory and stakeholder theory do not talk about the society; according to the
social contract theory, agents are responsible for taking care of the needs of a society without thinking about corporate or other complex business arrangements.
Over the last two decades, the strongest contenders for addition to normative business-ethics theory have been a communitarian version of virtue theory, a feminist "ethic of care" theory, and integrative
social contract theory.
Social contract theory has proven to be the most influential, in part because of the timeliness of its explicit focus on international business.
Allen, Taking Liberties: Privacy, Private Choice, and
Social Contract Theory, 56 U.