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Finance Ethics: The Rationality of Virtue

Finance Ethics: The Rationality of Virtue

Paperback

Series: Selected Papers; 7

PhilosophyBusiness General

ISBN10: 0847684024
ISBN13: 9780847684021
Publisher: Rowman & Littlefield Publishers
Published: Mar 20 1997
Pages: 272
Weight: 0.67
Height: 0.47 Width: 6.00 Depth: 9.00
Language: English
The first book ever to integrate business ethics with financial economics, Finance Ethics shows how ethical behavior fits within the rational, profit-maximizing, finance paradigm. Dobson argues that even in economic terms the finance paradigm has a serious flaw: it views the firm and financial markets in general as contractual nexuses yet it fails to supply any adequate mechanisms for enforcing those contractual relations. Finance Ethics is therefore not just a moral critique of the finance paradigm, arguing that self-interested profit making must be constrained by ethics. Rather, it is a critique from within that paradigm, in which truth becomes a rational mechanism to enforce contracts, and virtuous behavior is shown to make the most business sense.

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Philosophy