Ethics in Finance

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Some cynics jokingly deny that there is any ethics in finance, especially on Wall Street. This view is expressed in a thin volume, The Complete Book of Wall Street Ethics, which claims to fill ” an empty space on financial bookshelves where a consideration of ethics should be.” Of course, the pages are all blank ! However, a moment’s reflection reveals that finance would be impossible without ethics.

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Business ethics – case studies and selected readings (Marianne M. Jennings)

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In this sixth edition of the book the author, who also wrote The Seven Signs of Ethical Collapse, compiled and analysed 116 case studies, while also provided a further information about the topic in selected readings. The topics inspect the relations between corporations, public, governments, as well as employees and employer dynamics. Author also supplies discussion questions after each case study, to make reader truly consider the situation.

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DILEMMAS IN LIFE

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The author has different take on the values represented in our society. In the book, the author has written about a lot of theories. According to the Divine Command Theory, the resolution of the dilemmas is based upon religious beliefs. Ethical dilemmas are resolved according to tenets of faith, such as the Ten Commandments for the Jewish and  Christian faiths. Central to this theory is that decisions in ethical dilemmas are made on the basis of guidance from a divine being.

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