Crisis and Recovery: Ethics, Economics and Justice

Hardcover | October 15, 2010

byThe The Most Reverend Rowan Williams, Archbishop of Ca, Larry Elliott

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The financial crisis is about more than money. It is also about morality, casting an uncomfortable light on the links between the activities of bankers and the wellbeing of society as a whole. The idea that economics is morally neutral or that finance should be above ethical scrutiny deserves to be challenged. The Most Reverend Rowan Williams, Archbishop of Canterbury, and Larry Elliott, Economics Editor of the Guardian, bring together a group of distinguished commentators to open up the ethical debate in the search for a fairer vision of economic justice.

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From the Publisher

The financial crisis is about more than money. It is also about morality, casting an uncomfortable light on the links between the activities of bankers and the wellbeing of society as a whole. The idea that economics is morally neutral or that finance should be above ethical scrutiny deserves to be challenged. The Most Reverend Rowan W...

THE MOST REVEREND ROWAN WILLIAMS, ARCHBISHOP OF CANTERBURY is first and foremost the bishop in the diocese of Canterbury, but is acknowledged internationally as an outstanding theological writer, scholar and teacher. He has been involved in many theological, ecumenical and educational commissions. He has written extensively across a v...
Format:HardcoverDimensions:256 pages, 9.59 × 6.38 × 0.74 inPublished:October 15, 2010Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230252141

ISBN - 13:9780230252141

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Table of Contents

Foreword - Archbishop of Canterbury
Introduction - Larry Elliott, Economics Editor, The Guardian
Theology and the Nature of Accountability
Is Shareholder Value Maximization Dead?
Economics and the Shape of Society
Risk and Regulation
The Future of Free Markets
Values in an Ethical UK Economy
Investment and Public Policy in a Globalized Economy
The Ethical Role of International Financial Institutions
Politics and Economics Resisting the Collapse of Politics into the State
Cultures of Challenge Oversight as an Instrument of Ethical Practice
Ethics in a Service Economy

Editorial Reviews

"The future of humankind in an interconnected and globalized world will be based on the notion of togetherness. This notion is at the base of any recovery and this book provides the principles for how this can be achieved." -- Klaus Schwab, Founder and Executive Chairman, World Economic Forum "An excellent, very readable book for the layman that is immensely interesting and encouraging for anyone who has a nagging sense that the current economic crisis might also be a profound opportunity for change – and the possibility of a fairer, more equal and eventually, longer-lasting planet." -- Richard Curtis, writer, director, and co-founder of Comic Relief"Two of the most powerful forces in our world are religion and money. This book brings them together in ways that are both well-informed and ethically and politically sensitive. The result will be of interest to any religious or secular citizen concerned about the wise shaping of twenty-first century society." -- David F. Ford, Regius Professor of Divinity, University of Cambridge, and Director of the Cambridge Inter-Faith Programme"Suddenly, theological and ethical approaches to economics are no longer marginal, but central to the most penetrating analyses of the current crisis. This book shows why. It also shows how thinkers from both left and right are converging on the view that we can only correct market injustice by establishing an ethical market that is more integrally related to cultural values, political purposes and environmental flourishing. Such a market, it is suggested, would be more egalitarian, and yet more genuinely free and less subject to cyclical instability than the one which we have at present. Everyone interested in a different global future should read these fine essays with care." -- John Milbank, Research Professor in Religion, Politics and Ethics and Director of the Centre of Theology and Philosophy, University of Nottingham