IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Wiedergewinnung von Vertrauen oder Rueckkehr der Vertrauensillusion? Ein Plaedoyer fuer gesundes Misstrauen gegenueber systematischen Tautologien (Regain of Trust or the Return of an Illusion? A Call for Sensible Mistrust in Face of Systemic Tautologies)

  • Christoph Weber-Berg
Registered author(s):

    Die Wurzeln des im Rahmen der aktuellen Krise verlorenen Vertrauens sassen nicht tief. Im Gegenteil war auch das scheinbare Funktionieren der Finanzmaerkte gepraegt von einem tief sitzenden, kaschierten Vertrauensverlust und von einer tautologisch „begruendeten“ Vertrauensillusion. Autoreferenzielle, ihrer normativen Bezugshorizonte entledigte Denkmuster sind an der Wurzel individuellen, institutionellen und systemischen Versagens auszumachen. Zu deren UEberwindung ist nicht mehr Moral, sondern mehr ethische Kompetenz auf allen Gestaltungsebenen des Wirtschaftens gefordert. (The loss of trust in the context of the actual crisis is widely deplored. But how deep were the roots of trust after all? This article argues that the financial system, even in times of well functioning, was affected by deep mistrust, masked by a mere illusion of trust, evolving from processes of self-reference. A self-referring rationale, lacking external normative reference, is at the root of individual, institu-tional and systemic failure. The call for more or better morals, often seen as means to overcome the crisis, will fall short of its desired effect. There is a need for sensible mistrust and ethical competence of responsible people. This might bring us a step further to more stable financial markets that serve, rather than threaten, the stability of societies on a global scale.)

    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

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

    Volume (Year): 11 (2010)
    Issue (Month): 2 ()
    Pages: 126-138

    as
    in new window

    Handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2010_02_weber-berg
    Contact details of provider: Web page: http://www.hampp-verlag.de/

    Order Information: Postal: Rainer Hampp Verlag, Journals, Marktplatz 5, 86415 Mering, Germany
    Web: http://www.hampp-verlag.de/hampp_e-journals_zfwu.htm Email:


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

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

    When requesting a correction, please mention this item's handle: RePEc:rai:ethics:doi_10.1688/1862-0043_zfwu_2010_02_weber-berg. 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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.