Review of Lisa Herzog (ed.) 'Just Financial Markets?'

Larue, Louis. 2018. Review of Lisa Herzog (ed.) “Just Financial Markets?” Ethical perspectives 25 (1): 159‑61.

3 Pages Posted: 5 Dec 2018

See all articles by Louis Larue

Louis Larue

Catholic University of Louvain (UCL), Chaire Hoover; Catholic University of Louvain (UCL) - Faculty of Economic, Social and Political Sciences

Date Written: 2018

Abstract

The 2007 financial crisis has deeply shaken the world economy. The causes and consequences of this crisis have been hotly debated in economics ever since. However, the impact of financial markets on justice is also a growing field of study, to which the book recently edited by Lisa Herzog provides a valuable contribution. The book is not intended to tackle technical discussions on the functioning of financial markets and institutions, which are broadly presented in the introduction (chapter 1). Rather, it aims at making clear how financial markets and institutions affect justice and at proposing potential institutional reforms. The book is divided into three parts. The first four chapters scrutinize several possible normative frameworks for studying financial markets beyond the simple ‘free-market’ model. The second part studies the legal framework that applies to financial markets, discusses how it failed to prevent harm and injustices, and proposes reforms. The final part looks at particular financial institutions and analyses how they impact justice.

Keywords: Financial Ethics, Economic Ethics, Justice, Central banking, Financial Crisis

Suggested Citation

Larue, Louis, Review of Lisa Herzog (ed.) 'Just Financial Markets?' (2018). Larue, Louis. 2018. Review of Lisa Herzog (ed.) “Just Financial Markets?” Ethical perspectives 25 (1): 159‑61.. Available at SSRN: https://ssrn.com/abstract=3278581

Louis Larue (Contact Author)

Catholic University of Louvain (UCL), Chaire Hoover ( email )

Place Montesquieu, 3
Louvain-la-Neuve
Belgium

HOME PAGE: http://uclouvain.be/louis.larue

Catholic University of Louvain (UCL) - Faculty of Economic, Social and Political Sciences ( email )

B-1348 Louvain-la-Neuve
Belgium

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