In small groups, spell out the social contract between society and business. How can the absence of force, deception, and fraud be guaranteed in this contract? How should each side hold the other accountable? (This is especially the case where one side delivers at one time and the other side is trusted to deliver later.) What benefits can busines bring to society? How can society benefit business. Develop a table with one column listing what business has to contribute to society and the other what society has to contribute to business. This table is the heart of your social contract. Assume that society and business are rationally self interested. How does this effect the formulation of the goods of the exchange? How does this enforce the terms of the contract? Are these self interests divergent? (Then each side must monitor the other to prevent the corruption of the contract.) Are these interests convergent? (Then the contract consists largely in building social capital and trust between the contracting parties.) Donaldson, 1993 uses social contract theory to account for the rights and duties of multinational corporations