Crisis and Ethics (In French)

Philippe JEANNIN (LEREPS-GRES)

Cahiers du GRES from Groupement de Recherches Economiques et Sociales

Abstract: First part: Finance is built on a three-dimension risk: risk is measured, assessed, aggregated. If the economics of the crisis encourage reform and relaunch, it is also the sign of a crisis of economics. Two lessons can be drawn: avoid absurd risk -a fourth and often forgotten dimension of risk- and come back to the ethical basis of economics. Second part: Based on the works of Christian Arnsperger, an ethics of economics is encouraged, mainly because of the often called upon notions of value and rationality. It allows for a combination of methodological individualism and holism.

Keywords: Crisis; Finance; Risk; Ethics; Epistemology (search for similar items in EconPapers)
JEL-codes: G01 A13 A11 B00 (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:grs:wpegrs:2009-03

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