000 03415nam a22005775i 4500
001 978-3-642-35091-7
003 DE-He213
005 20200420211751.0
007 cr nn 008mamaa
008 130107s2013 gw | s |||| 0|eng d
020 _a9783642350917
_9978-3-642-35091-7
024 7 _a10.1007/978-3-642-35091-7
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
100 1 _aVer Eecke, Wilfried.
_eauthor.
245 1 0 _aEthical Reflections on the Financial Crisis 2007/2008
_h[electronic resource] :
_bMaking Use of Smith, Musgrave and Rajan /
_cby Wilfried Ver Eecke.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2013.
300 _aX, 102 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringerBriefs in Economics,
_x2191-5504
505 0 _aIntroduction -- Adam Smith and the Free Market -- The Concepts of Private, Public and Merit Goods -- Business Ethics and Eleven Categories of Merit Goods -- The Ethical and Socio-political Dimensions of the Financial Crisis of 2007-08 and the Subsequent Recession -- Conclusion.
520 _aIn this book the author reflects on the philosophical and ethical bases of the financial crisis 2007-08 and the subsequent recession. He finds in Adam Smith solid arguments for the new free market economy, capitalism, but also arguments for a  role for the government in the case of public goods (roads) and of merit goods (education, control of banking). Where the provision of public goods requires that the government respect consumer sovereignty there the provision of merit goods legitimizes the violation of that principle. By making use of the history of economic thought (e.g., the neo-liberal tradition) the author demonstrates that Musgrave's idea of merit goods can be expanded to eleven domains in which the government has an important function. He legitimizes that move by using the Kantian argument that we must accept the possibility conditions for what we want. The author demonstrates that Rajan, Reich and Reinhart & Rogoff make use of seven of his eleven categories of merit goods in order to explain the financial crisis 2007-08 and the subsequent recession. The author thereby provides a philosophical and ethical analysis of the government's failures at the basis of the financial crisis.
650 0 _aFinance.
650 0 _aPolitical economy.
650 0 _aEthics.
650 0 _aEconomic history.
650 0 _aMacroeconomics.
650 0 _aInternational economics.
650 1 4 _aEconomics.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aFinance, general.
650 2 4 _aEthics.
650 2 4 _aInternational Economics.
650 2 4 _aPolitical Economy.
650 2 4 _aMethodology/History of Economic Thought.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642350900
830 0 _aSpringerBriefs in Economics,
_x2191-5504
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-35091-7
912 _aZDB-2-SBE
942 _cEBK
999 _c51283
_d51283