Ethical lessons of the financial crisis
by
 
Flynn, Eileen P. (Eileen Patricia)

Title
Ethical lessons of the financial crisis

Author
Flynn, Eileen P. (Eileen Patricia)

ISBN
9780415516754
 
9780415516747
 
9780203124048

Personal Author
Flynn, Eileen P. (Eileen Patricia)

Publication Information
New York, NY : Routledge, 2012.

Physical Description
283 p. ; 22 cm.

General Note
Formerly CIP.

Contents
What went wrong? -- Who is affected? -- What needs to be done to set things right? -- Ethics and recovery -- Individual ethics -- Social ethics.

Abstract
In the aftermath of the economic crisis of 2008 it is important to ask what ethics has to say to the many stakeholders in the U.S. economy. The crisis in the financial industry, precipitated by the bursting of a bubble in the housing sector, brought the U.S. economy to the brink of a major depression. Government officials, economists and financial executives intervened to implement measures to mitigate the damage, applying their expertise and using their best judgments to rescue the economy. The actions they took required technical competence, pragmatic judgments and controversial decisions. They worked through a crisis to try to prevent a very bad situation from becoming a catastrophe. As events played out in the autumn of 2008, there was little time to reflect on how immoral conduct contributed to the crisis and how financial recovery needs to be built on an ethical foundation. The purpose of this book is to examine the role of ethics in setting things right. In taking a close look at the events of 2008 this book makes an important contribution to business ethics.

Reading Level
Tertiary/Undergraduate, Postgraduate.

Subject Term
Global Financial Crisis, 2008-2009 -- Moral and ethical aspects.
 
Financial crises -- United States -- Moral and ethical aspects.
 
Financial services industry -- United States -- Moral and ethical aspects.
 
Financial institutions -- United States -- Moral and ethical aspects.


LibraryMaterial TypeItem BarcodeShelf NumberCopy
IIEMSAGeneral Books33168025589397174 F648E 20121