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

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

List of contents

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.

About the author

Boudewijn de Bruin is Professor of Financial Ethics at the University of Groningen, The Netherlands. He is a consultant with the financial services industry, has taught in various executive MBA programmes across the world, and is a regular contributor to the media. He runs a large project on Trusting Banks, with Alex Oliver (University of Cambridge) and financed by the Dutch Research Council (NWO), which draws together philosophers, social scientists, policymakers and finance professionals.

Summary

This topical book examines the ethical 'blind spots' that lay at the heart of the global financial crisis. Using concrete examples and case studies, the author develops a novel theory of epistemic virtue through which he examines the decision making of key stakeholders - the banks, their clients, rating agencies, and regulators.

Product details

• Authors: Boudewijn De Bruin, Boudewijn de Bruin
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 30.04.2017
• EAN: 9781107421653
• ISBN: 978-1-107-42165-3
• No. of pages: 242
• Series: Business, Value Creation, and; Business, Value Creation, and Society
• Subjects: Humanities, art, music > Philosophy > General, dictionaries; Social sciences, law, business > Business > Miscellaneous; Finance, BUSINESS & ECONOMICS / Business Ethics, Business ethics & social responsibility, Ethics & moral philosophy, Ethics and moral philosophy, Economic and financial crises and disasters, Business ethics and social responsibility