The Ordonomic Approach to Business Ethics

Pies, Ingo

doi:10.2139/ssrn.2973614

Cited by 2 publications

(1 citation statement)

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“…Still another contractarian approach is represented by Lütge's account of business ethics, drawing upon order ethics and the contractarian model of Ackerman (1980) and Buchanan (1975Buchanan ( , 2000. Drawing upon the methodology of Buchanan and Tullock's (1962) Constitutional Political Economy, Ingo Pies and co-authors (Pies 2017;Pies et al 2009Pies et al , 2013 have proposed an "ordonomic" approach to business ethics. Lütge has simultaneously developed the connection of this approach to the contractarian tradition (Luetge et al 2016).…”

Section: Legitimacy and Governancementioning

confidence: 99%

Social Contract Theory and Business Legitimacy

Francés-Gómez

2020

Handbook of Business Legitimacy

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This chapter reviews the most prominent approaches to business legitimacy from a contractarian perspective. First, the contractarian business ethics approach is presented. Second, the contractarian approach to business legitimacy is compared with the analogous concept of "social license to operate." Third, the chapter discusses the use of the social contract argument at different levels: economic system and organizational levels. Fourth, the approach to the legitimacy of ethical norms in business based on the influential theory of Integrative Social Contracts, advanced by Donaldson and Dunfee, is presented in detail. Fifth, the legitimacy of corporate governance based on a hypothetical social contract of the firm is presented. Finally, a reference is made to the purportedly contractarian approach to legitimacy associated to "order ethics." The chapter ends with the proposal of a liberal legitimacy principle for corporate power, taking Rawls's liberal legitimacy principle as a model.

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Section: Legitimacy and Governancementioning

confidence: 99%