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Just Financial Markets? - Finance in a Just Society (Hardcover)
Loot Price: R2,905
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Just Financial Markets? - Finance in a Just Society (Hardcover)
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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 and regulating 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
questions about 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 that would be desirable
from a perspective of justice.
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