Finance Academy Ideological Bias Case Study

Kara Tan Bhala ()
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Kara Tan Bhala: Seven Pillars Institute for Global Finance and Ethics

Chapter Chapter 10 in Ethics in Finance, 2021, pp 109-118 from Springer

Abstract: Abstract This chapter continues with the narrative of the previous case study. Another reason for the cancellation and rejection of my financial ethics courses is rooted in ideological bias. The prevailing Friedmanite and neo-liberal ideology in the finance department did not admit radically different systems of thought and therefore excluded non-conforming courses and thinkers. The case study applies a utilitarian analysis to find out if the act of excluding a person, through hiring and promotion practices, because of her ideological view is ethical. Requiring courses in behavioral finance and Islamic finance gives students who will be future finance practitioners, a more comprehensive view of existing finance theories that have fundamentally different assumptions.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-73754-2_10

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DOI: 10.1007/978-3-030-73754-2_10

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