Arbeitspapier
Wall Street's Culture
Modern finance has become a very complicated field, which raises many questions about its economic and social mission. Many bankers' ignorance of complex knowledge and care for the future are hostile ingredients that transform the markets' volatility, through spillover effects, into economic and financial crisis and social anomy. What fuels the wildfire does not necessarily mean black swan events, but often it is the result of (un)conscious and (un)intended decisions of certain economic policy makers. The current financial system is discredited. It is necessary to reform the financial institutions and practices, with the core principle that money should serve the economy and society and not vice versa. In a world of financial capitalism, a world driven by money and adjacent institutions appear to be defective and unjust to many of us. The conflicts' arena must be manageable. The hopes rely on the institutions that represent financial capitalism, institutions erected by people, and where they do not work, they have to be changed.
- Sprache
-
Englisch
- Erschienen in
-
Series: Institute of Economic Research Working Papers ; No. 87/2015
- Klassifikation
-
Wirtschaft
Economic History: Financial Markets and Institutions: General, International, or Comparative
- Thema
-
crisis
financial system
elite
reform
morality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Brãilean, Tiberiu
Plopeanu, Aurelian-Petrus
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Economic Research (IER)
- (wo)
-
Toruń
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Brãilean, Tiberiu
- Plopeanu, Aurelian-Petrus
- Institute of Economic Research (IER)
Entstanden
- 2015
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