Seven Pillars Institute is pleased to announce the publication of International Investment Management: Theory, Ethics and Practice, the newly released book from Routledge authored by Dr. Kara Tan Bhala (President of Seven Pillars Institute), Warren Yeh and Raj Bhala.
A quick take on the book:
International Investment Management synthesizes investment principles, Asian financial practice, and ethics reflecting the realities of modern international finance. These topics are studied within the Asian context, first through the...
By Nina Yi Zheng
Under China’s current rural land expropriation process, local governments make arbitrary decisions on expropriation, paying little compensation to peasant owners. The current process is a violation of procedural justice, corrective justice, and distributive justice according to the moral principles of John Rawls. Nor can the process be justified on utilitarian grounds. The marketization reform in Shenzhen, which allows rural land planned for certain purposes to enter the market without the expropriation process,...
Posted in News
By John Atherton
Compare someone’s choice to buy a luxurious decoration with the purchase of a prescription that staves off death. While one of these choices is an aesthetic preference the other is a necessity of survival. The distinction between these choices separates economic ‘wants’ and ‘needs’. A dependence on survival needs forces human behaviour through naturally imposed duress, compromising our freedom of choice. A moral right to freedom or existence argues for the removal of this...
Ethics in Finance is Good! Episode 5: Utilitarianism
Episode 5: Utilitarianism, the fifth part of Seven Pillars Institute’s financial ethics video training series, “Ethics in Finance is Good!” is an easy to understand explainer on Utilitarianism. The word looks scarier than it is, really. The video uses the everyday example of growing tomatoes and use of pesticides to illustrate basic principles of Utilitarianism, which is one of the major ethical theories in use today.
On Utilitarianism by its founder: