Ethics

Toward a Finance Ethic

 

An ethic, ecologically, is a limitation on freedom of action in the struggle for existence. An ethic, philosophically, is a differentiation of social from antisocial conduct. These are two definitions of one thing.  The thing has its origin in the tendency of interdependent individuals or groups to evolve modes of cooperation.

The ecologist calls these symbioses. Politics and economics are advanced symbioses in which the original free-for-all competition has been replaced, in part, by cooperative mechanisms with an ethical content.

The complexity of cooperative mechanisms has increased with population density, and with the efficiency of tools...

Toward a Finance Ethic

Author: 
John Fullerton

 

An ethic, ecologically, is a limitation on freedom of action in the struggle for existence. An ethic, philosophically, is a differentiation of social from antisocial conduct. These are two definitions of one thing.  The thing has its origin in the tendency of interdependent individuals or groups to evolve modes of cooperation.

The ecologist calls these symbioses. Politics and economics are advanced symbioses in which the original free-for-all competition has been replaced, in part, by cooperative mechanisms with an ethical content.

The complexity of cooperative mechanisms has increased with population density, and with the efficiency of tools...

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