Skip to main content
SpringerLink
Log in

Mortgage Finance and Money Advice

  • Chapter
Stewardship Ethics in Debt Management

Part of the book series: Issues in Business Ethics ((IBET,volume 12))

  • 88 Accesses

Abstract

Economic activity takes place in different socio-economic systems. The particular structure adopted determines who enjoys the social benefits and who bears the burdens. Distributive justice is concerned with the right distribution of the benefits and burdens among the members of the community. In order to determine what is just suitable criteria are required. Beauchamp and Bowie explain that “material principles of justice” are used to “put material content into a theory of justice”.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
eBook
USD 16.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. 1. Tom L Beauchamp and Norman E. Bowie, (eds.) Ethical Theory and Business, Fourth Edition, p. 596.

    Google Scholar 

  2. E. Clinton Gardner, Justice and Christian Ethics, pp. 133–134. See also Michael Walzer, Spheres of Justice: A Defense of Pluralism and Equality, pp. 3-30.

    Google Scholar 

  3. Michael Walzer, Ibid., p. 227-228.

    Google Scholar 

  4. Robert Nozick, ‘The Entitlement Theory’ in Tom L Beauchamp and Norman E. Bowie (eds.) Ethical Theory and Business, 4th Edition, pp. 612–613.

    Google Scholar 

  5. Tom L Beauchamp and Norman E. Bowie, op. cit., p. 602–603.

    Google Scholar 

  6. For a discussion of the philosophy of Thatcherism see Paul Heelas, ‘Reforming the Self: Enterprise and the Characters of Thatcherism’ in Russell Keat and Nicholas Abercrombie (eds.) Enterprise Culture, pp. 72-90.

    Google Scholar 

  7. Michael Walzer, op. cit., p. 3.

    Google Scholar 

  8. The Conservatives linked self-interest and the family. See Raman Seiden, ‘The Rhetoric of Enterprise’ in Russell Keat and Nicholas Abercrombie (eds.) op. cit., p. 62.

    Google Scholar 

  9. See Andrew Howe Browne, ‘The Banks and Personal Credit’, pp. 17-19, Banking World, January, 1991

    Google Scholar 

  10. Ibid.

    Google Scholar 

  11. Walzer discusses rights and abilities.See Michael Walzer, op. cit., p. 152.

    Google Scholar 

  12. Janet Ford, The Indebted Society: Credit and Default in the 1980s, p. 46.

    Google Scholar 

  13. Ian Cowie, ‘1,000 Homes a Week are Repossessed as Mortgage Debts Rise’ p. 7, The Daily Telegraph, February 15, 1991, © Telegraph Group Limited, London 1991. See further Duncan Maclennan, Findings: The Future Sustainability of Home-ownership.

    Google Scholar 

  14. 14._Barbara Ellis, ‘Multiple choice question’, p31, The Daily Telegraph, September 14, 1988, © Telegraph Group Limited, London 1988.

    Google Scholar 

  15. See Paul Heelas, ‘Reforming the Self: Enterprise and the Characters of Thatcherism’ in Russell Keat and Nicholas Abercrombie (eds.) op. cit., p. 81.

    Google Scholar 

  16. Irving Kristol, ‘A Capitalist Conception of Justice’ in W. Michael Hoffman and Jennifer Mills Moore, (eds.), Business Ethics: Readings and Cases in Corporate Morality, p. 55.

    Google Scholar 

  17. Ibid.

    Google Scholar 

  18. John Rawls, ‘Justice as Fairness’ in W. Michael Hoffman and Jennifer Mills Moore, op. cit., p. 38.

    Google Scholar 

  19. J.J.C. Smart, ‘Distributive Justice and Utilitarianism’ in W. Michael Hoffman and Jennifer Mills Moore, op. cit., p. 51. See further J.J.C. Smart and Bernard Williams, Utilitarianism for and Against, pp. 3-74.

    Google Scholar 

  20. John K. Galbraith, ‘The Dependence Effect’ in Tom L. Beauchamp and Norman E. Bowie, (eds.) Ethical Theory and Business, pp. 496–497.

    Google Scholar 

  21. Ibid., pp. 498.

    Google Scholar 

  22. Janet Ford, op. cit., p. 33.

    Google Scholar 

  23. Ibid.

    Google Scholar 

  24. F.A. Hayek, ‘The Non Sequiter of the “Dependence Effect’”, Southern Economic Journal, April, 1961 reprinted in Tom L. Beauchamp and Norman E. Bowie, eds., op. cit., pp. 509.

    Google Scholar 

  25. Ibid.

    Google Scholar 

  26. Ibid.

    Google Scholar 

  27. Ibid.

    Google Scholar 

  28. Ibid., p. 510.

    Google Scholar 

  29. Janet Ford, op. cit., pp. 74.

    Google Scholar 

  30. Tom Sorell and John Hendry, Business Ethics, p. 69.

    Google Scholar 

  31. Tim Congdon, The Debt Threat: The Dangers of High Real Interest Rates for the World Economy, p. 90.

    Google Scholar 

  32. Ibid., p. 173.

    Google Scholar 

  33. Ibid., p. 90.

    Google Scholar 

  34. Ibid.

    Google Scholar 

  35. Ibid., pp. l74-175.

    Google Scholar 

  36. Alan Davies, ‘Too Much Income: too Little Saving’, p. 42, Banking World, April 1990.

    Google Scholar 

  37. Ibid.

    Google Scholar 

  38. Ibid.

    Google Scholar 

  39. Ibid.

    Google Scholar 

  40. Tim Congdon, op. cit., p. 174.

    Google Scholar 

  41. Neil Collins, ‘Decade of the Money Revolution’, p. 2, The Daily Telegraph, Personal Finance Show, March 1991, © Telegraph Group Limited, London 1991.

    Google Scholar 

  42. J. Gregory Dees, ‘Principals, Agents, and Ethics’ in Norman E. Bowie and R. Edward Freeman (eds.) Ethics and Agency Theory: An Introduction, p. 53.

    Google Scholar 

  43. David F. Lomax, ‘Policy for Saving in the 1990s’, p. 16–17, National Westminster Bank Quarterly Review, August 1990.

    Google Scholar 

  44. See Ian Cowie, ‘Less Interest for Millions’, p. 8, The Daily Telegraph, March 20, 1991.

    Google Scholar 

  45. ‘Money Advice Initiative’, p. 11, Credit Management, May 1989.

    Google Scholar 

  46. See for example the Consumer Credit Counselling Service.

    Google Scholar 

  47. ‘Money Advice Initiative’, ibid.

    Google Scholar 

  48. National Consumer Council, NCC Annual Report, 1990, p. 10.

    Google Scholar 

  49. ‘Lord Ezra’s conclusions’, p. 7, CSA News, Summer, 1990.

    Google Scholar 

  50. Ibid.

    Google Scholar 

  51. Geraint Howells, Iain Crow and Maureen Moroney, Aspects of Credit and Debt, p. 48.

    Google Scholar 

  52. Ibid.p. 84

    Google Scholar 

  53. See p. 2, The Daily Telegraph: Personal Finance Supplement, March, 1991, © Telegraph Group Limited, London 1991.

    Google Scholar 

  54. Office of Fair Trading, CreditWise: Your Guide to Trouble-free Credit, and Debt: A Survival Guide.

    Google Scholar 

  55. Lorna Bourke, ‘Tax-free way to profit from debt’, p. 4, The Independent: Student Life, Spring 1991.

    Google Scholar 

  56. Credit Action, Mind Over Money: Participant’s Notes, p 1.

    Google Scholar 

  57. Ibid.

    Google Scholar 

  58. J. Gregory Dees, ‘Principals, Agents, and Ethics’ in Norman E. Bowie and R. Edward Freeman (eds.) op. cit., p. 41.

    Google Scholar 

  59. Richard Berthoud, Credit, Debt and Poverty, p. 35.

    Google Scholar 

  60. National Consumer Council, Debt advice provision in the United Kingdom: A report by Tim Young of the Community Information Project.

    Google Scholar 

  61. Ibid., P.3.

    Google Scholar 

  62. Ibid., pp. 3-4.

    Google Scholar 

  63. Richard Berthoud, op. cit., p. 35.

    Google Scholar 

  64. ‘The View from the Inside: How Money Advisers Deal with Debt”, p. 4, CSA News, Undated.

    Google Scholar 

  65. Robert C. Solomon Ethics and Excellence: Cooperation and Integrity in Business, p. 239.

    Google Scholar 

  66. Peter Selby, Grace and Mortgage: The Language of Faith and the Debt of the World, p. 100.

    Google Scholar 

  67. Morris Miller, Debt and the Environment: Converging Crises, p. 153.

    Google Scholar 

  68. O.A.W. Ragkhan, The International Debt Crisis and the Economics of Islam, p. 117.

    Google Scholar 

  69. ‘Evaluation of Money Advice Services’, p. 11, CCA News, Jan./Feb., 1990.

    Google Scholar 

  70. Social Policy Research Findings no. 10, York: Joseph Rowntree Foundation, 1990.

    Google Scholar 

  71. Thomas Donaldson, The Ethics of International Business, p. 75.

    Google Scholar 

  72. ‘Consumer Credit Counselling Service: A New Solution to Debt Problems’. Issued on behalf of the Consumer Credit Counselling Service by Malcolm Hurlston Corporate Consultancy Ltd. (1996). See also speeches by Malcolm Hurlston and Nigel Griffiths at FCC Concertation, 12th December, 1995

    Google Scholar 

  73. National Consumer Council, Appendices to Debt Advice Provision in the United Kingdom, Appendix 5 and Appendix 6.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. University of Sunderland, Sunderland, UK

    Roy Mohon

Authors
  1. Roy Mohon
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

Copyright information

© 1999 Springer Science+Business Media Dordrecht

About this chapter

Cite this chapter

Mohon, R. (1999). Mortgage Finance and Money Advice. In: Stewardship Ethics in Debt Management. Issues in Business Ethics, vol 12. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4696-8_6

Download citation

  • DOI: https://doi.org/10.1007/978-94-011-4696-8_6

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-5976-3

  • Online ISBN: 978-94-011-4696-8

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation