This is the social contract in accounting:
The idea of the social contract is an ancient one-it predates the European Enlightenment (which is generally thought to have started in the late 17th century). Although its origin is unknown, its greatest proponents actually bookended the Enlightenment period: Thomas Hobbes at the dawn of the Enlightenment and Jacques Rousseau at the end. Hobbes' great political work Leviathan proposed that governments (which at that time mostly referred to monarchs) receive their power from the people. In giving this power, the people surrender many freedoms, accept the monarch or government, and in return receive the protection and civil rule of the monarch or government. His was essentially a utilitarian theory. Hobbes believed that as a social contract, an individual could or would be worse off at times, but it was essential for the greater good of society.
Hobbes was born in England under the imminent threat of the Spanish Armada. He grew up in a country still in turmoil from the Protestant Reformation (remember Henry VIII and Anne Boleyn?) and he witnessed the English civil war and the overthrow of Charles II. His great work Leviathan, from which came much of the Westminster system of government, may not look revolutionary to us in the 21st century, but it became a dangerous idea in republican England.
The key idea of Leviathan and most other theories of the social contract is that if left to himself, ungoverned, Man will revert to his natural state where extreme self-interest overcomes all attempts to work and live with his fellow men. Savagery and lawlessness would exist, and it would become impossible for one man to transact with another. The answer, according to Hobbes and others, is that society must voluntarily surrender many of its freedoms to a ruler (an individual monarch or a political body) and in return the ruler must keep society safe from external aggression, internal strife, and the capricious use of power. Rousseau took a different approach in his idea of the social contract. He believed that the social contract was an instrument of social justice, where the outcome should be benefits for all, equally. Rousseau believed that all men were free and equal, and the social contract must enforce this. And if you think the idea of equality and freedom sounds familiar, it should. Rousseau's "dangerous idea" informed the writers of the constitution of the United States, and also inflamed the passions that led to the French Revolution.
Read that contract and discuss whether or not the TFV represents a social contract between the accounting professions. Support your position with convincing arguments from the academic literature