Ethical Reflections on the Financial Crisis 2007 2008 is popular PDF and ePub book, written by Wilfried Ver Eecke in 2013-01-05, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Ethical Reflections on the Financial Crisis 2007 2008 can be Read Online from any device for your convenience.
Ethical Reflections on the Financial Crisis 2007 2008 Book PDF Summary
In this book the author reflects on the philosophical and ethical bases of the financial crisis 2007-08 and the subsequent recession. He finds in Adam Smith solid arguments for the new free market economy, capitalism, but also arguments for a role for the government in the case of public goods (roads) and of merit goods (education, control of banking). Where the provision of public goods requires that the government respect consumer sovereignty there the provision of merit goods legitimizes the violation of that principle. By making use of the history of economic thought (e.g., the neo-liberal tradition) the author demonstrates that Musgrave’s idea of merit goods can be expanded to eleven domains in which the government has an important function. He legitimizes that move by using the Kantian argument that we must accept the possibility conditions for what we want. The author demonstrates that Rajan, Reich and Reinhart & Rogoff make use of seven of his eleven categories of merit goods in order to explain the financial crisis 2007-08 and the subsequent recession. The author thereby provides a philosophical and ethical analysis of the government's failures at the basis of the financial crisis.
Detail Book of Ethical Reflections on the Financial Crisis 2007 2008 PDF
- Author : Wilfried Ver Eecke
- Release : 05 January 2013
- Publisher : Springer Science & Business Media
- ISBN : 9783642350917
- Genre : Business & Economics
- Total Page : 109 pages
- Language : English
- PDF File Size : 20,8 Mb
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