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Journal of Business Ethics

, Volume 155, Issue 4, pp 995–1007 | Cite as

Characterizing Virtues in Finance

  • Alejo José G. Sison
  • Ignacio FerreroEmail author
  • Gregorio Guitián
Original Paper

Abstract

In this article, we shall attempt to lay down the parameters within which the practice of the virtues may be enabled in the field of finance. We shall be drawing from the three main sources, Aristotle, Catholic Social Teaching (CST) and MacIntyre, on which virtue ethics is based. The research question is what ought to be done for financial activities to truly contribute to eudaimonia or human flourishing (Aristotle), to the achievement of three distinct kinds of goods as required of virtue, “those internal to practices, those which are the goods of an individual life and those which are the goods of the community” (MacIntyre), and to “[help] man on the path of salvation” in the midst of complex network of relationships in modern societies (CST). These parameters could then be taken as conditions financiers ought to fulfill in order to live the virtues in their work and across different life spheres.

Keywords

Virtue ethics Finance Aristotle MacIntyre Catholic Social Teaching 

Abbreviations

CA

Centesimus Annus

CSDC

Compendium of the Social Doctrine of the Church

CST

Catholic Social Teaching

CV

Caritas in Veritate

EG

Evangelii Gaudium

NE

Nicomachean Ethics

QA

Quadragesimo Anno

SRS

Sollicitudo Rei Socialis

Notes

Compliance with Ethical Standards

Conflict of interest

The three authors declare that they have no conflict of interest.

Human and Animal Rights Statement

This article does not contain any studies with human participants or animals performed by any of the authors.

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Copyright information

© Springer Science+Business Media Dordrecht 2017

Authors and Affiliations

  1. 1.School of Economics and BusinessUniversity of NavarraPamplonaSpain
  2. 2.Department of TheologyUniversity of NavarraPamplonaSpain

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