Abenomics: A Utilitarian Analysis

By: Richard HudsonAbe

Since the 2012 Japanese elections, Shinzo Abe, the new Prime Minister, has been pursuing a radical new economic policy approach. Prime Minister Abe promised three “arrows” of reform; fiscal stimulus, monetary easing and structural reforms. These three arrows of reform have been collectively termed “Abenomics.” These economic policies have attracted considerable attention internationally, as they mark a significant departure from the economic policies of the Japanese Government which have guided the country since the Japanese banking crisis of the late 1980’s and early 90’s. While the financial and economic


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Hong Kong: Economic Freedom Belies Crony Capitalism

hong kong sunset

By: Jackie Connor

Does empirical evidence support the perception that Hong Kong is a free market capitalistic economy or does it suggest pervasive crony capitalism?

Crony capitalism, which is not inherently criminal, largely replaces market economies with political markets, in which economic success depends on harnessing connections rather than creating valuable products and in which several players can successfully block out competitors. While Hong Kong’s capitalist reputation has historically been supported by Heritage Foundation’s Individual Economic Freedom Index (IEF), which bestowed world’s freest economy for the past 18 years on Hong Kong


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Moral Cents

Financial EthicsMoral Cents is The Journal of Ethics in Finance, produced on a regular basis by the Seven Pillars Institute for Global Finance and Ethics. Click HERE to see the latest issues and read them in full.

Seven Pillars Institute for Global Finance and Ethics (SPI) and the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London have a collaborative affiliation in their work on ethics, law, and regulation in finance. The goal of the collaboration is to foster a dialogue on important ethical policy issues affecting the financial services industry.

Read the Collaboration Announcement

Seven Pillars Institute for Global Finance and Ethics and IntegTree LLC have a collaborative affiliation. The two organizations plan to create online training programs in financial ethics and compliance management. The Programs will help financial institutions improve conformity with the law while also fostering ethical awareness.

Read the collaboration announcement.