The Global Financial Crisis is now widely acknowledged to be the most severe economic downturn since the 1930s. It is unique not only in its gravity and scope, but also in its underlying causes and wider social, political, and economic implications. It continues to generate heated debate amongst economists, historians, pundits, political scientists and the general public. But is has been by and large neglected by philosophers and professional ethicists. Global Financial Crisis: the Ethical Issues begins to remedy this neglect. * the decisions and actions that ultimately caused the crisis * the institutional and regulatory shortcomings that allowed it to happen * its consequences for both developed and developing countries * and the responses that it has elicited raise myriad moral and philosophical questions, a sample of which are explored in this volume.
Notes on Contributors Introduction; N.Dobos Global Financial Institutions, Ethics and Market Fundamentalism; S.Miller The Legitimacy of the Financial System and State Capitalism; N.Chomsky Neoliberalism--Is This the End?; N.Dobos Ethical Investing in an Age of Excessive Materialistic Self-Interest; J.C.Harrington The Achilles Heel of Competitive/Adversarial; T.Pogge Financial Services Providers: Integrity Systems, Reputation, and the Triangle of Virtue; S.Miller Who Must Pay for the Damage of the Global Financial Crisis; M.Peterson & C.Barry Index