In ''What is Business's Social Compact?'' (January-February 1994), Ber
nard Avishai examines the nature of business's social responsibility i
n a competitive environment that has superseded Adam Smith's division
of labor. The nature of work has undergone, and continues to undergo,
a fundamental transformation. And, according to Avishai, in this new e
conomy, learning organizations must become teaching organizations as w
ell. Does business have an obligation not only to train its current em
ployees but also to educate the workforce of the future? In this issue
's Perspectives section, nine experts consider Avishai's argument and
examine the role of business in education. Some excerpts: ''The privat
ization of education in order to achieve quality and performance will
have to meet some basic criteria that may not lend themselves to a hig
h profit margin.'' Richard Riley ''If business were to assume responsi
bility for delivering education, it would lose its autonomy and weaken
its position as an advocate for change.'' Diana Wyllie Rigden ''Anoth
er kind of division of labor suggests itself: between work and nonwork
. We might have to educate the workforce of the future with this dicho
tomy in mind.'' Hans Decker ''Business can improve education if it sto
ps throwing money at public schools and insists on their complete rest
ructuring.'' Allyson Tucker