A game-theoretic analysis of professional rights and responsibilities

Professions are granted autonomy by society, to regulate their own affairs. In return for the economic benefits autonomy grants to professions, society expects professions to act in a socially responsible manner. This paper presents a game-theoretic analysis of the relationship between society and p...

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Bibliographic Details
Main Author: Gaa, James C. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1990
In: Journal of business ethics
Year: 1990, Volume: 9, Issue: 3, Pages: 159-169
Further subjects:B Social Contract
B Responsible Manner
B Public Interest
B Economic Benefit
B Economic Growth
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Summary:Professions are granted autonomy by society, to regulate their own affairs. In return for the economic benefits autonomy grants to professions, society expects professions to act in a socially responsible manner. This paper presents a game-theoretic analysis of the relationship between society and professions, which shows that the relationship is unstable in the face of opportunities for professions to renege on the “social contract.” It also shows how periodic controversies regarding the degree to which professionals act in the “public interest” are expected to occur periodically, and how they are resolved.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00382640