Description
Book SynopsisThe first book ever to integrate business ethics with financial economics, Finance Ethics shows how ethical behavior fits within the rational, profit-maximizing, finance paradigm. Dobson argues that even in economic terms the finance paradigm has a serious flaw: it views the firm and financial markets in general as contractual nexuses yet it fails to supply any adequate mechanisms for enforcing those contractual relations. Finance Ethics is therefore not just a moral critique of the finance paradigm, arguing that self-interested profit making must be constrained by ethics. Rather, it is a critique from within that paradigm, in which truth becomes a rational mechanism to enforce contracts, and virtuous behavior is shown to make the most business sense.
Trade Review...must be commended for choosing to approach the subject of finance ethics from 'inside the paradigm' for electing to do so in connection with the realities of financial and global markets... Dobson's work sets a challenge for other writers and teachers dealing with ethics in economics, business and finance to define the subject they are dealing with and to articulate ethics from inside theory and practice.... -- Frank McHugh * Finance and Bien Commun / Common Good, Spring 1999 *
The first book ever to integrate business ethics with financial economics . . . * Sbe Newsletter *
...must be commended for choosing to approach the subject of finance ethics from 'inside the paradigm' for electing to do so in connection with the realities of financial and global markets... Dobson's work sets a challenge for other writers and teachers dealing with ethics in economics, business and finance to define the subject they are dealing with and to articulate ethics from inside theory and practice. -- Frank McHugh * Finance and Bien Commun / Common Good, Spring 1999 *
Table of ContentsPart 1 Part I: Within the Finance Paradigm: The Finance Paradox Chapter 2 A Contractual Problem Chapter 3 Is Reputation Enough? Part 4 Part II: Challenging the Finance Paradigm Chapter 5 Towards Reconciling Ethics and Finance Chapter 6 Ethics in Financial Practice Chapter 7 Some International Implications Part 8 Part III: Beyond the Finance Paradigm Chapter 9 Which Rationality? Practical Rationality Chapter 10 Some Gender Implications Chapter 11 Toward a New Finance Paradigm Chapter 12 Notes Chapter 13 Bibliography Chapter 14 Index
