Philosophy of Money and Finance

Most people use money almost every day, and financial assets have become so important to modern life that they determine our fate both as individuals and as societies. Yet we seldom stop to think about what all of this means, how it works, and how it ought to work. How can a small piece of paper in your wallet have value? How can so much power be vested in the numbers that roll across bankers' computer screens? What role should financial assets and financial institutions play in our lives and in society? The Philosophy of Money and Finance seeks to answer these types of questions by taking a look "under the hood" to examine the nature of money and the normative foundations of finance. Although philosophical theorizing about money and finance dates back to antiquity, the topic has only recently emerged as a central research focus. Economic globalization, technological innovation, the events of the 2008 financial crisis, and the Covid pandemic have brought new urgency to a broad array of questions in this field. This book brings together sixteen original chapters that provide a comprehensive introduction to this exciting new field. It is divided into four parts, covering metaphysics, epistemology, ethics, and political philosophy. Within each part, questions that are central to the topic are presented and discussed by leading scholars. The chapters are written in a clear and straightforward manner and without presupposing any background in either philosophy or finance.

Joakim Sandberg is Professor of Practical Philosophy and Director of the Financial Ethics Research Group at the University of Gothenburg. Lisa Warenski is Affiliated Professor of Philosophy at the Graduate Center of the City University of New York, and Research Associate at University of Connecticut.