The Value of Financial Ethics, Part II

August 25th, 2014 by Kara in Essays, Ethics 101

By: Judy Zhu GLOBAL FINANCIALISATION AND THE NEED FOR FINANCIAL ETHICS I Introduction Philosophical commentator, Alan R. Malachowski once made the remark that finance nowadays seems to be playing an ‘ethically-enervating role’, as the rise of the doctrines of ‘The New Finance’ Whilst it is not the purpose of this inquiry to address the truth or untruth of every aspect of Malachowski’s claim, the central premise of this research note can be stated in the following terms: if it is true that matters of finance indeed ‘dominate everyday life’, then such a pervasive ...

The Value of Financial Ethics, Part I

August 11th, 2014 by Kara in Ethics 101

By: Judy Zhu   The term, ‘ethics’, can mean three things. Firstly, it denotes the ethical outlook of an entity, whether implied by its behaviour or explicitly stated. Secondly, it may refer to the set of normative principles and reasons which govern conduct, whether at the individual or collective level. Thirdly and most commonly, it is defined as an area of philosophical enquiry devoted to grasping the principles constituting ‘ethics’ in its second sense explained above. Therefore, this article aims to defend the importance of financial ethics by examining the normativity of ...