Advanced Search
MyIDEAS: Login

Kritische Finanzethik (Critical Financial Ethics)

Contents:

Author Info

  • Uwe Demele
Registered author(s):

    Abstract

    Eine ethisch sensibilisierte Sichtweise auf die Finanzmaerkte und den von dort ausgehenden externen Effekten gibt Anlass zur tiefgruendigen Hinterfragung finanzwirtschaftlicher Wert- und Normengefuege. Die kritische Finanzethik praesentiert sich als Unterstuetzerin in diesem Prozess, indem sie auf Basis eines kritischen Rationalismus zur Begruendung von Leitlinien verantwortlichen Handelns in der Finanzwirtschaft beitraegt. Gezeigt wird, welche theoretischen Ueberlegungen ihr zugrunde liegen und was sie als Orientierungskonzept zu leisten vermag. (It is financial crises that most clearly point to ethical problems inherent to mathematically structured financial markets. If not now, when else to question the moral grounds of finance? The approach of Critical Financial Ethics claims to illuminate the genesis and characteristics of these ethical problems. Arguments offered are based on revealing the profound connections between financial theory, acts and impacts. It can be demonstrated that the financial sciences which nowadays dominate practical market action is not free of bias, ignores spill-over effects and follows its own myopic ideological argumentation in many ways. To momentous effects, financial theory not only tries to model human behaviour, it also conditions it. In combination with a mindset disconnected from responsibility for financial actions, there is little chance to avoid ethical problems except by exploring capitalism’s more subtle workings. In conclusion Critical Financial Ethics professes that our personal financial actions must never exceed our capacity to oversee our money’s whereabouts or its effects. This would be a fundamental step to-wards reducing the harm to people and environments from finance, whether it be in crisis or in ascension.)

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.hampp-verlag.de/hampp_e-journals_zfwu.htm#210
    Download Restriction: no

    Bibliographic Info

    Article provided by Rainer Hampp Verlag in its journal Zeitschrift fuer Wirtschafts- und Unternehmensethik.

    Volume (Year): 11 (2010)
    Issue (Month): 2 ()
    Pages: 139-159

    as in new window
    Handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2010_02_demele

    Contact details of provider:
    Web page: http://www.hampp-verlag.de/

    Order Information:
    Postal: Rainer Hampp Verlag, Journals, Marktplatz 5, 86415 Mering, Germany. A subscripton is required to access pdf files. Pay per article is available at
    Email:
    Web: http://alt.genios.de/intranet/hampp/HAMPPE.ein?WID=28633-4500493-03180_2

    Related research

    Keywords: financial markets; socially responsible investments; sustainability; business ethics;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2010_02_demele. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rainer Hampp).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.