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Ethics and Economic Governance - Using Adam Smith to understand the global financial crisis (Paperback)
Loot Price: R1,375
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Ethics and Economic Governance - Using Adam Smith to understand the global financial crisis (Paperback)
Series: RIPE Series in Global Political Economy
Expected to ship within 10 - 15 working days
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This book seeks to explore the ethical dimensions of economic
governance through an engagement with Adam Smith and a critical
analysis of economistic understandings of the Global Financial
Crisis. It examines ethical and political dilemmas associated with
key aspects of the financialisation of Anglo-American economy and
society, including systems of asset-based welfare, modern risk
management and debt. In the wake of the financial crisis,
recognition of the way in which everyday lives and life chances are
tied into global finance is widespread. Yet few contributions in
IPE explicitly tackle this issue as a question of ethics. By
developing Adam Smith's under-utilised account of how
market-oriented behaviour is constituted through a process of
'sympathy', this book provides an innovative way of understanding
contemporary issues of economic governance and the possibilities
and limits for intervention within it. By taking Adam Smith's moral
philosophy seriously, it becomes evident that the ever-deeper
enmeshing of finance in our everyday lives is a failed experiment.
Turning the common understanding of Smith on its head, we can also
turn accepted wisdom about the recent financial crisis on its head
and see the urgency of making better known the ethico-political
contestation that lies at the heart of financial market relations.
It will be of interest to students and scholars of IPE as well as
those across the social sciences who wish to question the
foundations of contemporary economy and society.
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