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Journal of Business Ethics
Published in: Journal of Business Ethics 4/2019

31-05-2017 | Original Paper

Characterizing Virtues in Finance

Authors: Alejo José G. Sison, Ignacio Ferrero, Gregorio Guitián

Published in: Journal of Business Ethics | Issue 4/2019

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Abstract

In this article, we shall attempt to lay down the parameters within which the practice of the virtues may be enabled in the field of finance. We shall be drawing from the three main sources, Aristotle, Catholic Social Teaching (CST) and MacIntyre, on which virtue ethics is based. The research question is what ought to be done for financial activities to truly contribute to eudaimonia or human flourishing (Aristotle), to the achievement of three distinct kinds of goods as required of virtue, “those internal to practices, those which are the goods of an individual life and those which are the goods of the community” (MacIntyre), and to “[help] man on the path of salvation” in the midst of complex network of relationships in modern societies (CST). These parameters could then be taken as conditions financiers ought to fulfill in order to live the virtues in their work and across different life spheres.
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Footnotes
1
See Epstein (2002, p. 3), “the increasing importance of financial markets, financial motives, financial institutions and financial elites in the operation of the economy and its governing institutions, both at the national and international levels”; Stockhammer (2004, p. 720), “the increased activity of non-financial businesses on financial markets”; Kripner (2005, p. 174), “a pattern of accumulation in which profits accrue primarily through financial channels rather than through trade and commodity production”; and Palley (2007, p. 2), “a process whereby financial markets, financial institutions and financial elites gain greater influence over economic policy and economic outcomes”.
 
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Metadata
Title
Characterizing Virtues in Finance
Authors
Alejo José G. Sison
Ignacio Ferrero
Gregorio Guitián
Publication date
31-05-2017
Publisher
Springer Netherlands
Published in
Journal of Business Ethics / Issue 4/2019
Print ISSN: 0167-4544
Electronic ISSN: 1573-0697
DOI
https://doi.org/10.1007/s10551-017-3596-1

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