Normal view MARC view ISBD view

Ethics and the global financial crisis: why incompetence is worse than greed

By: Bruin, Boudewijn de.
Material type: materialTypeLabelBookSeries: Business, value creation, and society. Publisher: Cambridge Cambridge University Press 2017Description: xiv, 228p. With index.ISBN: 9781107421653.Subject(s): Global financial crisis | Business ethics | Finance--moral and ethical aspectsDDC classification: 174.4 Summary: In this topical book, Boudewijn de Bruin examines the ethical 'blind spots' that lay at the heart of the global financial crisis. He argues that the most important moral problem in finance is not the 'greed is good' culture, but rather the epistemic shortcomings of bankers, clients, rating agencies and regulators. Drawing on insights from economics, psychology and philosophy, de Bruin develops a novel theory of epistemic virtue and applies it to racist and sexist lending practices, subprime mortgages, CEO hubris, the Madoff scandal, professionalism in accountancy and regulatory outsourcing of epistemic responsibility. With its multidisciplinary reach, Ethics and the Global Financial Crisis will appeal to scholars working in philosophy, business ethics, economics, psychology and the sociology of finance. The many concrete examples and case studies mean that this book will also prove useful to policy-makers and regulators. https://www.cambridge.org/us/academic/subjects/management/business-ethics/ethics-and-global-financial-crisis-why-incompetence-worse-greed?format=PB
Tags from this library: No tags from this library for this title. Log in to add tags.
    average rating: 0.0 (0 votes)
Item type Current location Item location Collection Call number Status Date due Barcode
Books Vikram Sarabhai Library
General Stacks
Slot 180 (0 Floor, West Wing) Non-fiction 174.4 B7E8 (Browse shelf) Available 199148

Table of Contents

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

In this topical book, Boudewijn de Bruin examines the ethical 'blind spots' that lay at the heart of the global financial crisis. He argues that the most important moral problem in finance is not the 'greed is good' culture, but rather the epistemic shortcomings of bankers, clients, rating agencies and regulators. Drawing on insights from economics, psychology and philosophy, de Bruin develops a novel theory of epistemic virtue and applies it to racist and sexist lending practices, subprime mortgages, CEO hubris, the Madoff scandal, professionalism in accountancy and regulatory outsourcing of epistemic responsibility. With its multidisciplinary reach, Ethics and the Global Financial Crisis will appeal to scholars working in philosophy, business ethics, economics, psychology and the sociology of finance. The many concrete examples and case studies mean that this book will also prove useful to policy-makers and regulators.

https://www.cambridge.org/us/academic/subjects/management/business-ethics/ethics-and-global-financial-crisis-why-incompetence-worse-greed?format=PB

There are no comments for this item.

Log in to your account to post a comment.

Powered by Koha