Just Financial Markets?: Finance in a Just Society by Lisa HerzogJust Financial Markets?: Finance in a Just Society by Lisa Herzog

Just Financial Markets?: Finance in a Just Society

EditorLisa Herzog

Hardcover | May 1, 2017

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Well-functioning financial markets are crucial for the economic well-being and the justice of contemporary societies. The Great Financial Crisis has shown that a perspective that naively trusts in the self-regulating powers of free markets cannot capture what is at stake in understanding andregulating financial markets. The damage done by the Great Financial Crisis, including its distributive consequences, raises serious questions about the justice of financial markets as we know them. This volume brings together leading scholars from political theory, law, and economics in order to explore the relation between justice and financial markets. Broadening the perspective from a purely economic one to a liberal egalitarian one, the volume explores foundational normative questionsabout how to conceptualize justice in relation to financial markets, the biases in the legal frameworks of financial markets that produce unjust outcomes, and perspectives of justice on specific institutions and practices in contemporary financial markets. Written in a clear and accessible language, the volume presents analyses of how financial markets (should) function and how the Great Financial Crisis came about, proposals for how the structures of financial markets could be reformed, and analysis of why reform is not happening at the speed thatwould be desirable from a perspective of justice.
Lisa Herzog is Professor of Political Philosophy and Theory at the Bavarian School of Public Policy at the Technical University Munich. She works on the intersection of economic and political questions, with a focus on the history of economic and political thought, the normative status of markets, and, most recently, the role of comple...
Title:Just Financial Markets?: Finance in a Just SocietyFormat:HardcoverDimensions:352 pagesPublished:May 1, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:019875566X

ISBN - 13:9780198755661

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Table of Contents

1. Lisa Herzog: Introduction: Just Financial Markets? Finance in a Just SocietyI. Normative Foundations2. Rosa M. Lastra and Alan H. Brener: Justice, Financial Markets, and Human Rights3. Rutger Claassen: A Capability Framework for Financial Market Regulation4. Seumas Miller: Financial Markets and Institutional Purposes: The Normative Issues5. Lisa Herzog: Can Incomes in Financial Markets Be Deserved? A Justice-Based CritiqueII. Legal Structures6. Mark R. Reiff: I. Punishment in the Executive Suite: Moral Responsibility, Causal Responsibility, and Financial Crime7. Jay Cullen: A Culture Beyond Repair? The Nexus Between Ethics and Sanctions in Finance8. Katharina Pistor: Money's Legal Hierarchy9. Aaron James: Investor Rights as Nonsense- on StiltsIII. Institutions and Practices10. Peter Dietsch: Normative Dimensions of Central Banking: How the Guardians of Financial Markets Affect Justice11. Boudewijn de Bruin: Information as a Condition of Justice in Financial Markets: The Regulation of Credit Rating Agencies12. Roseanne Russell and Charlotte Villiers: Gender Justice in Financial Markets13. Anat R. Admati: It Takes a Village to Maintain a Dangerous Financial System