Finance Ethics: The Rationality of Virtue

By John Dobson

Book Overview

The first book ever to integrate business ethics with financial economics, Finance Ethics shows how ethical behavior fits within the rational, profit-maximizing, finance paradigm. Dobson argues that even in economic terms the finance paradigm has a serious flaw: it views the firm and financial markets in general as contractual nexuses yet it fails to supply any adequate mechanisms for enforcing those contractual relations. Finance Ethics is therefore not just a moral critique of the finance paradigm, arguing that self-interested profit making must be constrained by ethics. Rather, it is a critique from within that paradigm, in which truth becomes a rational mechanism to enforce contracts, and virtuous behavior is shown to make the most business sense.

• Format: Paperback
• Language: English
• ISBN: 0847684024
• ISBN13: 9780847684021
• Release Date: March 1997
• Publisher: Rowman & Littlefield Publishers
• Length: 272 Pages
• Weight: 0.67 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"