Can a Good Person be a Good Trader? An Ethical Defense of Financial Trading

被引:12
|
作者
Rocchi, Marta [1 ]
Thunder, David [2 ]
机构
[1] Pontificia Univ Santa Croce, Markets Culture & Eth Res Ctr, Via Farnesi 83, I-00186 Rome, Italy
[2] Univ Navarra, Inst Culture & Soc, Relig & Civil Soc Project, Campus Univ, Navarra 31009, Spain
关键词
Finance ethics; Financial trading; MacIntyre; Virtue ethics; Integrity; BUSINESS; VIRTUE;
D O I
10.1007/s10551-017-3756-3
中图分类号
F [经济];
学科分类号
02 ;
摘要
In a 2015 article entitled "The Irrelevance of Ethics," MacIntyre argues that acquiring the moral virtues would undermine someone's capacity to be a good trader in the financial system and, conversely, that a proper training in the virtues of good trading directly militates against the acquisition of the moral virtues. In this paper, we reconsider MacIntyre's rather damning indictment of financial trading, arguing that his negative assessment is overstated. The financial system is in fact more internally diverse and dynamic, and more reformable, than suggested by MacIntyre's treatment. The challenge at the heart of MacIntyre's claims can be crystallized in the question, "under which conditions, if any, can a person be an effective trader and simultaneously live a worthy human life?" We conclude that there are realistic possibilities of integrity and growth in moral virtue for those who work in the financial sector, at least for those operating in a work environment minimally permissive toward virtue, provided they possess characters of integrity and genuine aptitude for the skills and attitudes required in their professional tasks.
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页码:89 / 103
页数:15
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