Just Financial Markets? : Finance In a Just Society / edited by Lisa Herzog.

Includes bibliographical references and index.

Table of Contents
1. Introduction: Just Financial Markets? Finance in a Just Society, Lisa Herzog;
I. Normative Foundations;
2. Justice, Financial Markets, and Human Rights, Rosa M. Lastra and Alan H. Brener;
3. A Capability Framework for Financial Market Regulation, Rutger Claassen;
4. Financial Markets and Institutional Purposes: The Normative Issues, Seumas Miller;
5. Can Incomes in Financial Markets Be Deserved? A Justice-Based Critique, Lisa Herzog;
II. Legal Structures;
6. I. Punishment in the Executive Suite: Moral Responsibility, Causal Responsibility, and Financial Crime, Mark R. Reiff;
7. A Culture Beyond Repair? The Nexus Between Ethics and Sanctions in Finance, Jay Cullen;
8. Money's Legal Hierarchy, Katharina Pistor;
9. Investor Rights as Nonsense- on Stilts, Aaron James;
III. Institutions and Practices;
10. Normative Dimensions of Central Banking: How the Guardians of Financial Markets Affect Justice, Peter Dietsch;
11. Information as a Condition of Justice in Financial Markets: The Regulation of Credit Rating Agencies, Boudewijn de Bruin;
12. Gender Justice in Financial Markets, Roseanne Russell and Charlotte Villiers;
13. It Takes a Village to Maintain a Dangerous Financial System, Anat R. Admati

"Well-functioning financial markets are crucial for the economic well-being and the justice of contemporary societies. The Great Financial Crisis has shown that a perspective that naively trusts in the self-regulating powers of free markets cannot capture what is at stake in understanding and regulating financial markets. The damage done by the Great Financial Crisis, including its distributive consequences, raises serious questions about the justice of financial markets as we know them. This volume brings together leading scholars from political theory, law, and economics in order to explore the relation between justice and financial markets. Broadening the perspective from a purely economic one to a liberal egalitarian one, the volume explores foundational normative questions about how to conceptualize justice in relation to financial markets, the biases in the legal frameworks of financial markets that produce unjust outcomes, and perspectives of justice on specific institutions and practices in contemporary financial markets. Written in a clear and accessible language, the volume presents analyses of how financial markets (should) function and how the Great Financial Crisis came about, proposals for how the structures of financial markets could be reformed, and analysis of why reform is not happening at the speed that would be desirable from a perspective of justice."--Publisher's website.