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Ethics failure, beyond the crisis

Author

Listed:
  • Stefano Gatti

    (Università Luigi Bocconi, Milano)

  • Claudio Scardovi

    (Università Luigi Bocconi, Milano)

Abstract

Ethics, or its lack, has played a key role in the great crisis. Repeated failures, individual or systemic, have been too frequent and recurrent in recent years not to wonderwhether something in the prevailing model of ethics must indeed be changed. Benedetto XVI in the encyclical Caritas in Veritate indicates some conceptual points to think about.The deleterious effects on the real economy of a misused and speculative financial activity require new solutions and the crisi forces us to re-engineer our way with new rules and new forms of engagement

Suggested Citation

  • Stefano Gatti & Claudio Scardovi, 2010. "Ethics failure, beyond the crisis," BANCARIA, Bancaria Editrice, vol. 1, pages 46-50, January.
    • Handle: RePEc:ban:bancar:v:01:y:2010:m:january:p:46-50
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/1881/bancaria-n-1-2010
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    More about this item

    Keywords

    financial crisis; ethics;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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