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Crisis and Recovery
 
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Crisis and Recovery
Ethics, Economics and Justice
 
 
Palgrave Macmillan
 
 
 
 
 
 
23 Sep 2010
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£27.00
|Hardback In Stock
  
9780230252141
||
 
 
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DescriptionReviewsContentsAuthors

The financial crisis is about more than money. It is also about morality, casting an uncomfortable light on the links between the activities of bankers and the wellbeing of society as a whole. The idea that economics is morally neutral or that finance should be above ethical scrutiny deserves to be challenged. The Most Reverend Rowan Williams, Archbishop of Canterbury, and Larry Elliott, Economics Editor of the Guardian, bring together a group of distinguished commentators to open up the ethical debate in the search for a fairer vision of economic justice.


Description

The financial crisis is about more than money. It is also about morality, casting an uncomfortable light on the links between the activities of bankers and the wellbeing of society as a whole. The idea that economics is morally neutral or that finance should be above ethical scrutiny deserves to be challenged. The Most Reverend Rowan Williams, Archbishop of Canterbury, and Larry Elliott, Economics Editor of the Guardian, bring together a group of distinguished commentators to open up the ethical debate in the search for a fairer vision of economic justice.


Reviews

The future of humankind in an interconnected and globalized world will be based on the notion of togetherness. This notion is at the base of any recovery and this book provides the principles for how this can be achieved.' - Klaus Schwab, Founder and Executive Chairman, World Economic Forum

'An excellent, very readable book for the layman that is immensely interesting and encouraging for anyone who has a nagging sense that the current economic crisis might also be a profound opportunity for change – and the possibility of a fairer, more equal and eventually, longer-lasting planet.' - Richard Curtis, writer, director, and co-founder of Comic Relief

'Two of the most powerful forces in our world are religion and money. This book brings them together in ways that are both well-informed and ethically and politically sensitive. The result will be of interest to any religious or secular citizen concerned about the wise shaping of twenty-first century society.' - David F. Ford, Regius Professor of Divinity, University of Cambridge, and Director of the Cambridge Inter-Faith Programme

'Suddenly, theological and ethical approaches to economics are no longer marginal, but central to the most penetrating analyses of the current crisis. This book shows why. It also shows how thinkers from both left and right are converging on the view that we can only correct market injustice by establishing an ethical market that is more integrally related to cultural values, political purposes and environmental flourishing. Such a market, it is suggested, would be more egalitarian, and yet more genuinely free and less subject to cyclical instability than the one which we have at present. Everyone interested in a different global future should read these fine essays with care.' - John Milbank, Research Professor in Religion, Politics and Ethics and Director of the Centre of Theology and Philosophy, University of Nottingham
 
'Whether or not you follow any traditional faith, this interesting and illuminating collection will leave you healthily sceptical of faith-based economics.' - The Guardian
 
'The merit of Crisis and Recovery is that the essayists are drawn from a range of different backgrounds and standpoints, though they agree in commending a shift in social attitudes as the fundamental solution to today's economic woes.' - TLS

'Archbishop Williams has initiated a vital debate...' - Vista
 
'...the book creates its unique niche in drawing together voices from an array of perspectives to challenge the assumption that businesses are 'too big to fail' and too big to change.' - Movement





Contents

Foreword; Rowan Williams, Archbishop of Canterbury
Introduction; Larry Elliott, Economics Editor, The Guardian
Theology and the Nature of Accountability; Rowan Williams, Archbishop of Canterbury
Investment and Public Policy in a Globalized Economy; Lord Robert Skidelsky
Values in an Ethical UK Economy; Jon Cruddas MP with Jonathan Rutherford, Editor, Soundings
Economics and the Shape of Society; Phillip Blond, ResPublica
Ethics in a Service Economy; Adam Lent, Senior Policy Officer, TUC
Investment Banking: The Inevitable Triumph of Incentives Over Ethics – John Reynolds
Culture and the Crisis; Andrew Whittaker, FSA
Marrying the Market with the Environment; Zac Goldsmith
The Financial Crisis and the End of the Hunter Gatherer; Will Hutton, Executive Vice-Chair, The Work Foundation


 


Authors

Rowan Williams has been Archbishop of Canterbury since 2002. He was born in 1950 and brought up in Swansea. From 1986 to 1992 he was Lady Margaret Professor of Divinity at Oxford. He served as Bishop of Monmouth from 1992 and Archbishop of Wales from 2000. Dr Williams is a Fellow of the British Academy and is the author of several books of theology; he is also a frequent broadcaster. He is married to Jane, a writer and teacher; they have two children.

Larry Elliott has been at the Guardian since 1988. He is currently economics editor and is also the journalist representative on the Scott Trust, which owns the paper. He is the co-author of three books with Dan Atkinson - The Age of Insecurity (1998), Fantasy Island (2007), warning that Britain's growth under New Labour was a debt-driven illusion; and The Gods That Failed (2008), an analysis of the events and forces that brought the global financial system to the brink of collapse. His areas of speciality are the UK and global economies, trade and development. He was part of the group that put together the proposal for a Green New Deal, published by the New Economics Foundation in 2008. Larry is a visiting fellow at Hertfordshire University, a council member of the Overseas Development Institute, an adviser to the Catalyst thinktank and to Red Pepper magazine, and a magistrate.

Featuring contributions from -

Robert Skidelsky, Emeritus Professor of Political Economy, University of Warwick

Jon Cruddas, MP for Dagenham & Rainham

Jonathan Rutherford, Professor of Cultural Studies at Middlesex University and editor of
Soundings journal

Phillip Blond, Director of ResPublica and Research Fellow, NESTA

Adam Lent, Head, Economic and Social Affairs Department, TUC

John Reynolds, Chairman, Church of England Ethical Investment Advisory Group

Andrew Whittaker, General Counsel to the Board, Financial Services Authority

Zac Goldsmith, MP for Richmond Park

Will Hutton, Executive Vice Chair, The Work Foundation