Abstract
Nowadays the need for an ethical and socially responsible approach to finance appears increasingly evident, yet the sphere of ethical finance does not have the success that one could imagine. This work reflects on the possible causes of this lukewarm or just partial response to ethical finance by investors and does so using the paradigm of methodological individualism as an explanatory tool, focusing in particular on the issues of individual responsibility and personal freedom.
Highlights
IntroductionThis essay aims to examine some of the problematic and contradictory aspects related to ethical finance—in particular to ethical investments—and to identify some possible hypotheses for explanation, without claiming to be conclusive in a debate that is more complex than ever, especially in the current historical moment, where the estimates of the disparities between the peoples have reached values never before touched and where the only possible economic model seems to be that of the market economy, given that both the planned economy and the mixed economy have not provided alternatives effective
This essay aims to examine some of the problematic and contradictory aspects related to ethical finance—in particular to ethical investments—and to identify some possible hypotheses for explanation, without claiming to be conclusive in a debate that is more complex than ever, especially in the current historical moment, where the estimates of the disparities between the peoples have reached values never before touched and where the only possible economic model seems to be that of the market economy, given that both the planned economy and the mixed economy have not provided alternatives effective.If the only possible economic model is that of the market economy, the so-called push to “humanize the economy” translates into a drive to “humanize the market”, and in this sense it seems to propose “alternative finance”
This work reflects on the possible causes of this lukewarm or just partial response to ethical finance by investors and does so using the paradigm of methodological individualism as an explanatory tool, focusing in particular on the issues of individual responsibility and personal freedom
Summary
This essay aims to examine some of the problematic and contradictory aspects related to ethical finance—in particular to ethical investments—and to identify some possible hypotheses for explanation, without claiming to be conclusive in a debate that is more complex than ever, especially in the current historical moment, where the estimates of the disparities between the peoples have reached values never before touched and where the only possible economic model seems to be that of the market economy, given that both the planned economy and the mixed economy have not provided alternatives effective. If the only possible economic model is that of the market economy, the so-called push to “humanize the economy” translates into a drive to “humanize the market”, and in this sense it seems to propose “alternative finance”.
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