The Value of Money: Ethics and the World of Finance It is commonly observed that economic factors are pivotal in driving globalisation forward. A globalised economy is far more advanced than a globalised politics. However, if we are to fully understand what is happening, that assumption needs to be refined. This book argues that economic factors are themselves driven: they are the working out of underlying phenomena. Of these, the most pervasive and influential is money. This is not only money in the sense of the finance sector; it is also money in and of itself, the symbolic properties which money possesses. Crucially, this book takes both disciplines seriously, as equal conversation partners, and does not seek to use one approach to define the other as automatically inadequate. > |
Contents
ETHICAL INSUFFICIENCY OF THE MODEL | 34 |
THE HUMAN PERSON | 55 |
THE COMMON GOOD | 74 |
A PHILOSOPHY OF MONEY | 91 |
The Fiduciary Character of Money | 98 |
Summary and Conclusions | 105 |
The Specialness of the Finance Sector | 113 |
21 | 119 |
Common terms and phrases
accept action agent Amartya K analysis Approved Person argued aspects assets assumption banks become behaviour business ethics capital Chapter choice Christian claim commitment common complex concept context corporate counterparty culture decisions defined destabilizing discussion economic activity efficiency enables Enron evaluation example exchange finance sector financial institutions financial markets firm forms framework free market freedom function Gaudium et Spes global goals hedge hedge funds human person identity important increasing increasingly individual instruments integrity interest investment issues justice leads liquidity LTCM MacIntyre means monetary moral hazard nature neoclassical economic nomic operate Pareto optimality participants particular personalist ethics political position possible problems production profits propositional knowledge purpose question rational reflection regulation relation relationship requires role seen self-interest significant Simmel social society sphere structures subsidiarity telos theory trading transactions understanding utilitarian virtue virtue ethics volatility wider