Ethical Economy, Economic Ethics, Business Ethics: Foundations of Finance Ethics

Abstract

Where there is a great measure of influence and power, there must also be a great measure of conscientiousness and moral awareness, because power itself is a moral or ethical phenomenon. Every powerful action must be morally responsible and defensible. An ethical code of conduct for banking and stock trading would therefore seem to be an obvious requirement. If we consider the current discourse in the discipline of economics, however, the literature yields up precious few titles that engage with the ethics of banking or financial ethics.