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Crisis and Ethics (In French)

Author

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  • Philippe JEANNIN (LEREPS-GRES)

Abstract

First part: Finance is built on a three-dimension risk: risk is measured, assessed, aggregated. If the economics of the crisis encourage reform and relaunch, it is also the sign of a crisis of economics. Two lessons can be drawn: avoid absurd risk -a fourth and often forgotten dimension of risk- and come back to the ethical basis of economics. Second part: Based on the works of Christian Arnsperger, an ethics of economics is encouraged, mainly because of the often called upon notions of value and rationality. It allows for a combination of methodological individualism and holism.

Suggested Citation

  • Philippe JEANNIN (LEREPS-GRES), 2009. "Crisis and Ethics (In French)," Cahiers du GRES (2002-2009) 2009-03, Groupement de Recherches Economiques et Sociales.
    • Handle: RePEc:grs:wpegrs:2009-03
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    File URL: http://cahiersdugres.u-bordeaux4.fr/2009/2009-03.pdf
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    More about this item

    Keywords

    Crisis; Finance; Risk; Ethics; Epistemology;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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