Finance Ethics: The Rationality of Virtue
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.
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The Finance Paradox
A Contractual Problem
Is Reputation Enough?
Challenging the Finance Paradigm
Toward Reconciling Ethics and Finance
Ethics in Financial Practice
Some International Implications
Beyond the Finance Paradigm
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The Value of Money: Ethics and the World of Finance
Limited preview - 2006