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Bestseller
BestsellerE-book
Author Bruin, Boudewijn de, 1974-

Title Ethics and the Global Financial Crisis : Why Incompetence is Worse than Greed.

Publication Info. Cambridge : Cambridge University Press, 2015.
©2015

Item Status

Description 1 online resource (xiv, 228 pages).
text file
Series Business, Value Creation, and Society
Business, value creation, and society.
Bibliography Includes bibliographical references and index.
Contents Cover; Half-title page; Series page; Title page; Copyright page; Dedication; Epigraph; Contents; Foreword; Acknowledgements; Introduction; Trust and trustworthiness; Moral decision making and moral intensity; Motivation or competence?; Epistemic virtues; Warning and outline; 1 Financial ethics: virtues in the market ; Friedman's argument; Corporate responsibility; Shareholders; Job requirements; A theory of the firm; Hierarchy of command; Corporate law; A company's goals; The economics of banking; An argument for liberty; Politics; Arguments; Epistemic preconditions for liberty.
ResponsibilityCriticism; Summary; 2 Epistemic ethics: virtues of the mind ; Instrumental epistemic value; Intellectualism and psychology; Intrinsic or instrumental value?; Motivation and enablement; Courage; Generosity; Epistemic actions; Doxastic voluntarism; Investigation; Doxastic stance; Justification; Epistemic virtues; Courageous soldiers and evil demons; First improvement; Second improvement; Courageous villains; Summary; 3 Internalizing virtues: the clients ; Love; Avoiding elitism; Financial planning; Courage; Justice; Tax advice and functional food; Epistemic injustice; Temperance.
EfficiencyOnline investing; Humility; CEO hubris; Long-Term Capital Management; Talking about retirement; The meaning of guarantee; Minding your audience; Summary; 4 Case study I: primes and subprimes ; Costly and complex contracts; Behavioural biases; Epistemic injustice; Love; 5 Incorporating virtue: the banks ; Corporate entities; Plural subjects and a puzzle; Corporate internal decision structures; Structures, functions, cultures and sanctions; Back to the puzzle; Matching virtues to functions; Board roles; Virtues of overconfidence; Organizational support for virtue; Structure; Culture.
SanctionsOrganizational remedies against vice; Macro-level remedies; Micro-level remedies; Summary; 6 Case study II: nerds and quants ; Split strikes and Ponzi schemes; Uncovering the fraud; Volatility and diversification; Epistemic virtue; 7 Communicating virtues: the raters ; Other-regarding epistemic virtues; Generosity; First difference from non-epistemic virtue; Second difference from non-epistemic virtue; Credit ratings; Credit risk: asserting creditworthiness; Monitoring: directing management; Stamps of approval: directing investors; Compromising epistemic virtue; Love; Justice.
TemperanceCourage; Generosity; Testimony; Outsourcing epistemic responsibility; Summary; 8 Case study III: scores and accounts ; Professional accountants; Joint epistemic agents; Codes of conduct; Expectation gap; Accounting options; Conlusion; Glossary; References; Index.
Summary Examines the decision-making of key stakeholders in the financial services industry through the lens of recent work on epistemic virtues.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject Financial crises -- Moral and ethical aspects.
Financial crises.
Finance -- Moral and ethical aspects.
Finance -- Moral and ethical aspects.
Finance.
Business ethics.
Business ethics.
Global Financial Crisis, 2008-2009 -- Moral and ethical aspects.
Global Financial Crisis (2008-2009)
Chronological Term 2008-2009
Genre/Form Electronic books.
Other Form: Print version: De Bruin, Boudewijn. Ethics and the Global Financial Crisis : Why Incompetence is Worse than Greed. Cambridge : Cambridge University Press, ©2015 9781107028913
ISBN 9781316207406
1316207404
9781107028913 (hardcover)
1107028914 (hardcover)