More documents from Demele, Uwe
More documents from Zeitschrift für Wirtschafts- und Unternehmensethik

Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

Kritische Finanzethik

Critical financial ethics
[journal article]

Demele, Uwe

fulltextDownloadDownload full text

(312 KByte)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:

Further Details
Abstract "Eine ethisch sensibilisierte Sichtweise auf die Finanzmärkte und den von dort ausgehenden externen Effekten gibt Anlass zur tiefgründigen Hinterfragung finanzwirtschaftlicher Wert- und Normengefüge. Die kritische Finanzethik präsentiert sich als Unterstützerin in diesem Prozess, indem sie auf Basis eines kritischen Rationalismus zur Begründung von Leitlinien verantwortlichen Handelns in der Finanzwirtschaft beiträgt. Gezeigt wird, welche theoretischen Überlegungen ihr zugrunde liegen und was sie als Orientierungskonzept zu leisten vermag." (Autorenreferat)

"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 there 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 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 e 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 towards reducing the harm to people and environments from finance, whether it be in crisis or in ascension." (author's abstract)
Keywords finance; value; business ethics; economic value; standard; social norm; ethics; responsibility; social responsibility; example; capital market; financial market
Classification Basic Research, General Concepts and History of Economics; Financial Planning, Accountancy; Philosophy, Ethics, Religion
Method basic research; theory application; theory formation
Document language German
Publication Year 2010
Page/Pages p. 139-159
Journal Zeitschrift für Wirtschafts- und Unternehmensethik, 11 (2010) 2
ISSN 1439-880X
Status Published Version; peer reviewed
Licence Deposit Licence - No Redistribution, No Modifications