{"title":"Contributors","authors":"","doi":"10.5840/msp20194336","DOIUrl":"https://doi.org/10.5840/msp20194336","url":null,"abstract":"","PeriodicalId":39586,"journal":{"name":"Midwest Studies in Philosophy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70921072","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Contributors","authors":"","doi":"10.5840/msp20194419","DOIUrl":"https://doi.org/10.5840/msp20194419","url":null,"abstract":"","PeriodicalId":39586,"journal":{"name":"Midwest Studies in Philosophy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70921264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Risky Pay and the Financial Crisis: Who's Responsible?","authors":"Jeffrey Moriarty","doi":"10.1111/MISP.12088","DOIUrl":"https://doi.org/10.1111/MISP.12088","url":null,"abstract":"","PeriodicalId":39586,"journal":{"name":"Midwest Studies in Philosophy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/MISP.12088","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47833525","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Mind the Gap: Virtue Ethics and the Financial Crisis","authors":"Catherine Greene","doi":"10.1111/MISP.12089","DOIUrl":"https://doi.org/10.1111/MISP.12089","url":null,"abstract":"The financial crisis has led to calls for increased regulation of the financial sector. In many respects this is uncontroversial because increased regulation should promote the behaviours we want to see, while limiting the behaviours we do not. This article takes issue with the idea that regulation, and guidelines, promote ethical behaviour in the way that we want them to. Firstly, judgement is often required to implement guidelines and regulations, which allows room for unethical behaviour. Secondly, we want financial professionals to behave ethically even when there are significant incentives not to; so, verifying compliance with regulations and guidelines when such incentives are absent isn’t a good gauge of the ethical status of financial professionals. \u0000The example of the valuation of the assets (Net Asset Value) of hedge funds illustrates these issues well. There are many rules governing how NAVs should be calculated, and while we can verify that a fund is abiding by the rules, the ability to manipulate the NAV remains. Furthermore, the incentive to do so is often only present during a crisis (usually to understate losses). Therefore, verifying compliance during ‘normal’ times is of little help in judging whether a manager will behave ethically when we most need him to. I first argue that the gap between compliance with regulations and ethical behaviour is best filled by the adoption of a virtue ethics approach, as discussed by Spalding & Oddo (2011), and Graafland & van de Ven (2011). I then discuss the implications of adopting such an approach for the financial industry’s codes of conduct, such as the CFA Institute’s ‘Code of Ethics and Standards of Professional Conduct’ (www.cfainstitute.org). Adopting a virtue ethics perspective would require a significant change in the emphasis of such codes.","PeriodicalId":39586,"journal":{"name":"Midwest Studies in Philosophy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/MISP.12089","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49559824","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Mistakes Were Made: The Role of Catallactic Bias in the Financial Crisis","authors":"Joseph Heath","doi":"10.1111/MISP.12092","DOIUrl":"https://doi.org/10.1111/MISP.12092","url":null,"abstract":"","PeriodicalId":39586,"journal":{"name":"Midwest Studies in Philosophy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/MISP.12092","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45601051","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Corruption of Financial Benchmarks: Individual and Collective Responsibility in the Global Banking Sector","authors":"Seumas Miller","doi":"10.1111/misp.12093","DOIUrl":"https://doi.org/10.1111/misp.12093","url":null,"abstract":"","PeriodicalId":39586,"journal":{"name":"Midwest Studies in Philosophy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/misp.12093","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44127497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}