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The Decisions of Hypothetical Contractors Play an Important Role in Contractarianism

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Essay

The decisions of hypothetical contractors play an important role in contractarianism. Suppose that such contractors failed to agree about some moral question. How serious of a problem would this be for contractarianism? Describe Rawls's idea of the veil of ignorance, and explain how it might be able to solve this problem. Do you think it succeeds? Why or why not?


Definitions:

Financial Statement

Reports that provide an overview of a company's financial condition, performance, and cash flow, including the balance sheet, income statement, and cash flow statement.

Statement of Financial Position

A financial statement that displays the assets, liabilities, and equity of a company at a specific point in time, also known as the balance sheet.

Order of Liquidity

The sequence in which assets are expected to be converted into cash, starting with the most liquid assets.

Shareholders' Equity

The portion of the balance sheet that represents the capital received from investors in exchange for stock, plus retained earnings.

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