The financial crisis of 2008 has led to a re-evaluation of the role
of financial institutions and their relationship with the wider
economy and society. This process has meant an increased
questioning of both the conduct of business itself and the
principles behind commercial and financial activities. Yet
non-western voices have been notably absent from this debate, as
have alternatives to the dominant western-derived economic
ideologies. From the ancient spiritual wisdom or Dharma of the
Jains, there emerges a practical modern philosophy fully in tune
with the re-emergence of India as a global economic power. Jain
individuals, businesses and charities have played a powerful role
in India's rise and within the global Indian Diaspora. Jain
communities are noted everywhere for their contributions to
business, the professions and science. These successes are based on
the principles of interdependence and co-operation, with an
emphasis on long-term consolidation rather than short-term bursts
of growth. Researchers and students interested in the ethics of
finance, accounting and economics will find Jainism and Ethical
Finance a scholarly and illuminating evaluation of Jain Dharma as a
non-western case study. In the light of current concerns about the
way global finance and banking systems operate, this book offers a
timely alternative perspective. .
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