| Description |
1 online resource |
| Series |
Routledge critical studies in finance and stability |
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Routledge critical studies in finance and stability.
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| Contents |
Cover; Title; Copyright; Dedication; Contents; Acknowledgments ; 1 Introduction ; Financialization: what it is and what it represents ; A changing competitive ethos ; Financialization, civil society, and the need for a new regulatory paradigm ; Re-mastering competition by reimagining the financial economy |
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2 The technocratic tendencies of contemporary finance Financial technocracy and the end of Weber's bargain ; Wall Street Rule via the "Wall Street Rule ; Riding the regulation/deregulation wave ; The inadequacy of financial ethics ; Conclusion ; 3 An alternate road to serfdom |
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Hayek's influence Debt and servitude ; A democratic solution ; The impossibility of a common moral code ; The slippery slope of constructivism ; Overconfidence in the market system ; "Planning" fills a void ; Planning in practice ; Hayek on concentration and regulation |
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Democratic versus technocratic regulation Conclusion ; 4 The financialization of civil society ; The influence of money in the civil sphere ; The doctor as CFO ; Education and the bottom line ; Capital innovation and organizational confusion ; Conclusion |
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5 The religious allure of finance The financialization of the American Church ; The spiritual significance of finance ; The financing of religion and the loss of focus ; Financial scandals in the American Catholic Church ; Conclusion |
| Summary |
Efforts to resolve the recent financial crisis have obscured a more deeply rooted financialization crisis that impacts not only the market economy but also the vital civic and moral traditions that support it. This book reveals the cultural influence of finance in reshaping the foundations of American civil society and proposes a return to certain "first principles" of the Republic to restore the nation's economic vision. This book demonstrates how funding concerns and financial incentives "revalue" faith traditions, educational institutions, non-profit organizations, and even the nation's healthcare system in ways that are eroding the diversity of American culture. These changes also undermine the ethical framework of both democratic government and the free-market system. While financial influence has diminished the value of civil society, this book proposes that revitalized intermediary institutions still offer the best path forward in restoring the financial sector and, more broadly, enriching the American competitive ethic toward development of a more virtuous economy. The book is written for an academic and professional audience, offering a blueprint for the involvement of civil society with government in providing more communally integrated oversight that could contribute to a genuine democratization of finance.-- Provided by publisher |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (EBSCO, viewed July 20, 2015) |
| Subject |
Finance -- Moral and ethical aspects -- United States
|
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Financial institutions -- United States
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Civil society -- United States
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Business ethics -- United States
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BUSINESS & ECONOMICS -- Finance.
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Civil society
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Finance -- Moral and ethical aspects
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Financial institutions
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United States
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| Form |
Electronic book
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| ISBN |
9781315715261 |
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1315715260 |
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113888569X |
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9781138885691 |
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