Ethics and the Global Financial Crisis: Why Incompetence Is Worse Than Greed

ISBN-13: 9781107421653 / Angielski / Miękka / 2017 / 242 str.

Boudewijn De Bruin

Opis

This book examines the decision-making of key stakeholders in the financial services industry through the lens of recent work on epistemic virtues.

Recenzje

'Ethics and the Global Financial Crisis takes a distinctive, refreshing and practical approach to the financial disaster of 2008 and its legacy. Boudewijn de Bruin concentrates not on macroeconomic policy, but on remediable failings in financial institutions. He argues convincingly that the crash reflected not only dishonesty and greed, but widespread institutional and individual incompetence, and shows why trustworthy financial services need to meet rigorous epistemic as well as ethical standards.' Baroness Onora O'Neill, Emeritus Professor of Philosophy, University of Cambridge

Spis treści

Foreword; Acknowledgements; Introduction; 1. Financial ethics: virtues in the market; 2. Epistemic ethics: virtues of the mind; 3. Internalizing virtues: the clients; 4. Case study I: primes and subprimes; 5. Incorporating virtue: the banks; 6. Case study II: nerds and quants; 7. Communicating virtues: the raters; 8. Case study III: scores and accounts; Conclusion; Glossary; References; Index.