IDEAS home Printed from https://ideas.repec.org/a/mes/jeciss/v47y2013i2p419-426.html
   My bibliography  Save this article

Caring Finance Practices

Author

Listed:
  • Irene van Staveren

Abstract

The 2008 financial crisis has demonstrated the failure of both utilitarian and deontological ethics in finance. Alternatives do not need to be created from nothing, because the crisis itself has stimulated the emergence of ethically sound finance practices from within the sector. This article presents two cases of such alternatives, which can be understood as caring finance. Caring finance is built around more personal relationships, responsibility, and risk reduction. The examples are from the Netherlands and concern capital financing in a large, international cooperative bank and crowd funding for an organic farm respectively. The case studies cannot replace regulation, but they are feasible complements to regular financial routines, with good private and social returns.

Suggested Citation

  • Irene van Staveren, 2013. "Caring Finance Practices," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(2), pages 419-426.
  • Handle: RePEc:mes:jeciss:v:47:y:2013:i:2:p:419-426
    DOI: 10.2753/JEI0021-3624470215
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/JEI0021-3624470215
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Simon Cornée & Panu Kalmi & Ariane Szafarz, 2015. "Selectivity and Transparency in Social Banking: Evidence from Europe," Working Papers CEB 15-047, ULB -- Universite Libre de Bruxelles.
    2. Irene van Staveren, 2014. "The Lehman Sisters hypothesis," Cambridge Journal of Economics, Oxford University Press, vol. 38(5), pages 995-1014.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:47:y:2013:i:2:p:419-426. 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: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/MJEI20 .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.