Some Solutions to Economic Inequality

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The fourth in SPI’s series on Inequality

 

By: Remy Smith

For most families in the US, incomes are stagnating as real wages remain steady or are actually declining. Stagnating incomes mean that the “middle class is too weak to support the consumer spending that has historically driven our economic growth” (Stiglitz). Middle class households, “who are most likely to spend their incomes,” (Stiglitz) actually have lower incomes than they did in 1996, when adjusted for inflation. A strong middle class drives economic growth; however, today the middle class is pressed for money. This

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David Vines and Nicholas Morris on Capital Failure

 

Nicholas Morris 2

David VinesAn interview with Oxford Professors David Vines and Nicholas Morris on Capital Failure: Rebuilding Trust in Financial Services. The authors speak with Seven Pillars Institute about their views on ethics, trust, regulation and the way forward in financial services.

  1. Your new book Capital Failure: Rebuilding Trust in Financial Services argues the culture of trust in the financial services industry was eroded over the past few decades. Can you give the main reasons for this erosion?

Chapter 2 of our book provides

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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.