Money and finance

Ethical considerations

Antonio Argandoña

Financial institutions and markets render vital services to the economy: they provide funds for consumption and investment, they facilitate access to payment systems, offer custom-designed risk-return combinations for asset management, and manifest an outstanding capacity for innovation in products and services, among many other virtues. Finance is concerned with money, credit, assets, debt, risk, banks, investment, and a variety of investment funds, but it goes further than that: “financing an activity really is creating the architecture for reaching our goals, and providing stewardship afterwards to protect and conserve the achievement of that goal” (Shiller 2012: 6). So finance ...

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