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Most people use money almost every day, and financial assets have
become so important to modern life that they determine our fate
both as individuals and as societies. Yet we seldom stop to think
about what all of this means, how it works, and how it ought to
work. How can a small piece of paper in your wallet have value? How
can so much power be vested in the numbers that roll by on the
bankers' computer screens? What role should financial assets and
financial institutions play in our lives and in society? The
philosophy of money and finance inquires into these types of
questions, and takes a look 'under the hood' of money and finance,
to address issues concerning the nature of money and the normative
foundations of financial systems. Although philosophical theorizing
about money and finance dates back to antiquity, the topic has only
recently emerged as a central research focus. Economic
globalization, technological innovation, the events of the 2008
financial crisis, and the Covid pandemic, have brought new urgency
to a broad array of questions in this field. The Philosophy of
Money and Finance presents sixteen original essays providing a
comprehensive introduction to this exciting new field. The book is
divided into four parts, covering metaphysics, epistemology,
ethics, and political philosophy. Within each part, questions that
are central to the topic are presented and discussed by leading
scholars. The essays are written in a clear and straightforward
manner and without presupposing any background in either philosophy
or finance.
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