The Social Licence for Financial Markets

David Rouch ()

Chapter 4 in The Social Licence for Financial Markets, 2020, pp 113-161 from Springer

Abstract: Abstract Does the observation that markets operate subject to the licence of society make sense? It does. This chapter considers, in turn, which societies give the licence, to whom it is given, how you can tell if it has been given and its terms. Concerning the last, the social licence is not about a set of written rules. Rather, it advances an account of the role of financial markets in the societies in which they operate, both as it is and as it could be at its best. It recognises an aspiration about how finance should be carried on and the outcomes it should produce—its ends. It is also relevant to another key driver of behaviour—the meaning of the social world.

Date: 2020
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DOI: 10.1007/978-3-030-40220-4_4

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