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Kritische Finanzethik
Critical financial ethics
[journal article]
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... view more
"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)... view less
"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... view more
"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)... view less
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