Ethical Lessons of the Financial Crisis: 1st Edition (Paperback) book cover

Ethical Lessons of the Financial Crisis

1st Edition

By Eileen P. Flynn

Routledge

288 pages

Look Inside
Purchasing Options:$ = USD
Paperback: 9780415516754
pub: 2012-07-06
SAVE ~$5.69
$37.95
$32.26
x
Hardback: 9780415516747
pub: 2012-07-06
SAVE ~$14.69
$97.95
$83.26
x
eBook (VitalSource) : 9780203124048
pub: 2012-08-21
from $18.98


FREE Standard Shipping!

Description

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.

Table of Contents

Introduction 1.What Went Wrong? 2. Who Is Affected? 3. What Needs to be Done to Set Things Right? 4. Ethics and Recovery 5. Individual Ethics 6. Social Ethics

About the Author

Eileen P. Flynn is a professor in the Department of Theology at Saint Peter's College, New Jersey. She obtained a Ph.D. in Moral Theology from Fordham University, and is the author of fifteen books. She was awarded bene merenti status in 2001 in recognition of her outstanding service of twenty years.

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS008000
BUSINESS & ECONOMICS / Business Ethics
BUS023000
BUSINESS & ECONOMICS / Economic History
BUS041000
BUSINESS & ECONOMICS / Management
BUS042000
BUSINESS & ECONOMICS / Management Science