Contractualism

Contractualism as a broad term refers to a family of political or ethical theories that have their roots in the social contract tradition. Contractualist ethical theories base morality in mutually beneficial agreement or contract among rational, reasonable agents. Contractualism is sometimes referred to as the "third approach" in morality as opposed to its two prominent rivals, consequentialism and deontology. Contractualism in its narrower meaning refers to one particular branch of contractualist ethical theories developed by T. M. Scanlon.

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