Ethics and the global financial crisis: why incompetence is worse than greed
Professor De Bruin has written an important book. For all of the thousands of pages written on the recent global financial crisis, there is very little solid ethical analysis of the underlying causes and concepts. He makes a critical distinction between the motivation of financial actors and their c...
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| Format: | Print Book |
| Language: | English |
| Subito Delivery Service: | Order now. |
| Check availability: | HBZ Gateway |
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Cambridge New York Port Melbourne Delhi
Cambridge University Press
2017
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| In: | Year: 2017 |
| Reviews: | Ethics and the Global Financial Crisis: Why Incompetence is Worse Than Greed by Boudweijn de Bruin. Cambridge: Cambridge University Press, 2015. 228 pp. ISBN: 978-1-107-02891-3 (2016) (Thosar, Satish)
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| Edition: | First paperback edition |
| Series/Journal: | Business, value creation, and society
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| Standardized Subjects / Keyword chains: | B
Financial crisis
/ Economic ethics
/ History 2008-2009
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| Further subjects: | B
Financial crises
Moral and ethical aspects
B Business Ethics B Economic ethics B Financial crisis B Business ethics B Finance Moral and ethical aspects B Global Financial Crisis, 2008-2009 Moral and ethical aspects |
| Online Access: |
Cover (Verlag) Inhaltsverzeichnis (Verlag) |
| Summary: | Professor De Bruin has written an important book. For all of the thousands of pages written on the recent global financial crisis, there is very little solid ethical analysis of the underlying causes and concepts. He makes a critical distinction between the motivation of financial actors and their competence, then argues that most of the analysis of the crisis has been about motivation. In particular many have called into question the very idea of capitalism as seeking to maximize profits for shareholders. While DeBruin admits that motivation is an important idea, he traces much of the difficulty to incompetence on the part of multiple stakeholders, who have no real motivation to learn about how the basic ideas in finance actually work. |
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| ISBN: | 1107028914 |