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Business as Mediating Institution1

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  • Fort, Timothy L.

Abstract

This paper argues that business can be helpfully conceived of as a mediating institution. Drawing upon neo-conservative theology, the author argues that mediating institutions serve a vital function in a free society to provide social justice out of an expanded civil society and provide a framework for a flourishing free market. Such institutions also nourish the attitudinal orientation of solidarity in applying the principle of subsidiarity by which self-interest becomes fulfilled through concern for others. The author further argues that businesses also be conceived of as mediating institutions and thereby be held to criteria of meeting associational needs. In addition to normative reasons for revising the social contract so that businesses do serve the role of mediating institutions, contemporary management theories demonstrate that businesses can also meet their social obligations of creating wealth while meeting associational needs.

Suggested Citation

  • Fort, Timothy L., 1996. "Business as Mediating Institution1," Business Ethics Quarterly, Cambridge University Press, vol. 6(2), pages 149-163, April.
    • Handle: RePEc:cup:buetqu:v:6:y:1996:i:02:p:149-163_01
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    Cited by:

    1. Michał Jurek, 2014. "The genesis and evolution of CSR self-regulation with special refer-ence to the case of financial institutions," Working papers wpaper70, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    2. Shuangge Wen & Jingchen Zhao, 2020. "The Commons, the Common Good and Extraterritoriality: Seeking Sustainable Global Justice through Corporate Responsibility," Sustainability, MDPI, vol. 12(22), pages 1-21, November.
    3. Domènec Melé & Jaume Armengou, 2016. "Moral Legitimacy in Controversial Projects and Its Relationship with Social License to Operate: A Case Study," Journal of Business Ethics, Springer, vol. 136(4), pages 729-742, July.
    4. Alejo Sison & Joan Fontrodona, 2011. "The Common Good of Business: Addressing a Challenge Posed by «Caritas in Veritate»," Journal of Business Ethics, Springer, vol. 100(1), pages 99-107, March.
    5. Thomas G. Pittz & Susan D. Steiner & Julia R. Pennington, 2020. "An Ethical Marketing Approach to Wicked Problems: Macromarketing for the Common Good," Journal of Business Ethics, Springer, vol. 164(2), pages 301-310, June.
    6. Domènec Melé, 2012. "The Firm as a “Community of Persons”: A Pillar of Humanistic Business Ethos," Journal of Business Ethics, Springer, vol. 106(1), pages 89-101, March.

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