Arbeitspapier
The ethics of financial speculation in futures markets
This article sketches an ethics of (financial) speculation in futures markets. (1) It identifies an intentionalistic fallacy prevalent in moral criticisms of speculation in general and of financial speculation in particular. (2) It scrutinizes the degree to which the recent debate on financial speculation with agricultural commodities follows the general pattern of moral criticism and its intentionalistic fallacy. (3) It then provides a theoretical and empirical in-depth analysis of long-only index funds engagement in futures markets and concludes that moral criticisms which put them in the pillory as "hungermakers" are unjust(ified). This proves that ethics, understood as a theory of morality, can criticize moral criticisms of financial speculation on moral grounds. (4) Finally, this article discusses the option of interdisciplinary cooperation between ethics and economics.
- ISBN
-
978-3-86829-623-5
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionspapier ; No. 2013-21
- Klassifikation
-
Wirtschaft
Relation of Economics to Other Disciplines
Expectations; Speculations
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Socialist Institutions and Their Transitions: Financial Economics
Agricultural Finance
Agricultural Policy; Food Policy
- Thema
-
ethics
speculation
financial speculation
futures market
agricultural commodities
index funds
moral criticism
Ethik
Spekulation
Finanzspekulation
Terminmarkt
Agrarrohstoffe
Indexfonds
moralische Kritik
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pies, Ingo
Will, Matthias Georg
Glauben, Thomas
Prehn, Sören
- Ereignis
-
Veröffentlichung
- (wer)
-
Martin-Luther-Universität Halle-Wittenberg, Lehrstuhl für Wirtschaftsethik
- (wo)
-
Halle (Saale)
- (wann)
-
2013
- Handle
- URN
-
urn:nbn:de:gbv:3:2-23087
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Pies, Ingo
- Will, Matthias Georg
- Glauben, Thomas
- Prehn, Sören
- Martin-Luther-Universität Halle-Wittenberg, Lehrstuhl für Wirtschaftsethik
Entstanden
- 2013
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