Exploring Epistemic Vices in the Fiduciary: Injustice and Beyond

Helen Mussell

Working Papers from Centre for Business Research, University of Cambridge

Abstract: The paper investigates epistemic vices in the fiduciary. Building on existing work exploring the presence of epistemic injustice embedded in the fiduciary, the paper examines the presence of another vice - epistemic hubris - and suggests how epistemic injustice acts as a capital vice within the context of the fiduciary, facilitating hubris to flourish. Three interrelated arguments are advanced. The first focuses on how the asymmetrical leader-follower dynamic within the fiduciary results in hubris. The second builds on this exploring how the lack of consultation with the beneficiary alongside deployment of specific economic epistemic goods to interpret the fiduciary results in additional hubris. The third draws the two together, arguing that as epistemic injustice creates conditions for both examples of hubris to flourish, it serves as a capital vice within the context of the fiduciary. Finally, safeguarding suggestions are outlined for how these epistemic vices could be avoided.

Keywords: Fiduciary; Epistemic Vices; Epistemic Injustice; Epistemic (search for similar items in EconPapers)
JEL-codes: B11 B26 B54 G30 K12 K13 L14 L21 (search for similar items in EconPapers)
Date: 2021-12
New Economics Papers: this item is included in nep-hme and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp533

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