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This article asserts that there exists today and has always existed an interdependent relationship between banks and the state. I refer to this connection and its mutual benefits and responsibilities as a social contract. When Alexander Hamilton responded to President Washington's inquiry about...
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Jean-Jacques Rousseau's Social Contract provides an abstract theory of political association, one that is often touted … the text, and most notably in Book IV, he provides a discussion that attenuates the strict democratic theory. I argue that … preservation, and even potential improvement, of civil society (utility). His attempt to combine theory and practice stems from a …
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thatconventional social contract theory incorporates a self-referential incoherency into its very foundation. Does the failure of … conventional social contract theory also entail the fall of the principle of consent (i.e., does it mean that the consent of the …
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Social contracts have emerged as among the most powerful methods and metaphors for the study of organizational ethics. That participation with an organization entails obligations to follow the extant norms of that organization, subject to the moral minimums of basic human rights, is a widely...
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Market failures, which are usually viewed as a consequence of self-interest, are also supposed to be a major justification for coercive state interventions. This was the view of, among others, Richard Musgrave and Paul Samuelson, but not of James Buchanan. The latter certainly admitted that...
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