||1 of 1 people found the following review helpful.| How did the Financial Crisis 2007/2008, featuring country-wide mortgage ...|By Customer|How did the Financial Crisis 2007/2008, featuring country-wide mortgage defaults and government intervention to “bail out” institutions that were undeserving, but “too big to fail,” come about? How could it have been prevented? Wilfried Ver Eecke in this book analyz|About the Author|Wilfried Ver Eecke is Professor of Philosophy at Georgetown University, Washington, DC since 1967. He specializes in Hegel, philosophy of psychoanalysis and philosophy of economics. He received his Ph.D. from the University of Leuven (Belgium)
In this book the author reflects on the philosophical and ethical bases of the financial crisis 2007-08 and the subsequent recession. He finds in Adam Smith solid arguments for the new free market economy, capitalism, but also arguments for a role for the government in the case of public goods (roads) and of merit goods (education, control of banking). Where the provision of public goods requires that the government respect consumer sovereignty there the provision...
[PDF.xv52] Ethical Reflections on the Financial Crisis 2007/2008: Making Use of Smith, Musgrave and Rajan (SpringerBriefs in Economics) Rating: 4.82 (488 Votes)
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