The University of Gothenburg seeks to establish a new research group in practical philosophy dedicated to ethical and political issues raised by the financial system. There is a growing consensus that financial agents and markets are failing to live up to their social responsibilities. The global financial crisis demonstrated how misaligned incentives and poor regulations impose extreme risks on both the financial system itself and society at large. But a more general problem is the seeming inability of financial markets to address the great sustainability challenges of our times, such as global poverty and the threat of climate change.
These overarching issues can be broken down into many subtopics, which in turn raise questions of more general philosophical concern. Possible subtopics include: * the proper objective of private companies and the division of moral labour in society; * the ethics of speculation and gambling; * insider trading and the importance of ‘fair play’ in markets; * the legitimacy of paternalism in dealing with clients; * incentive- versus desert-based views on justice in pay; * the Tobin tax and the legitimacy of international tax regimes; * the role of central banks and the justification of virtual or international currencies; * microfinance and poor people’s right to credit; and * Islamic finance and the moral critique of usury.
A total of four positions are advertised (click on the links to read more): Continue reading