TY - CHAP
T1 - Freedom in Finance
T2 - The Importance of Epistemic Virtues and Interlucent Communication
AU - de Bruin, Boudewijn
AU - Endörfer, Richard
PY - 2019
Y1 - 2019
N2 - This chapter addresses the issue of how the desired increase in understanding of a complex product might be brought about, considering the regulation of information, epistemic virtues, and interlucent communication. Freedom has value due to its contributions to the satisfaction of desire and the enabling of increased responsibility. The lender, on the contrary, may have private information about price movements of similar houses that they financed before, or it may be much less costly for the lender to obtain the information from other sources. Finance is one of the main sources of information about the availability of a range of choices such as insurance policies, retirement plans, mortgages, and so on. Financial literacy education focuses on teaching consumers a range of core concepts including personal finance, information about national legal frameworks, budgeting, and so on. Establishing common knowledge is not the responsibility of the finance industry only.
AB - This chapter addresses the issue of how the desired increase in understanding of a complex product might be brought about, considering the regulation of information, epistemic virtues, and interlucent communication. Freedom has value due to its contributions to the satisfaction of desire and the enabling of increased responsibility. The lender, on the contrary, may have private information about price movements of similar houses that they financed before, or it may be much less costly for the lender to obtain the information from other sources. Finance is one of the main sources of information about the availability of a range of choices such as insurance policies, retirement plans, mortgages, and so on. Financial literacy education focuses on teaching consumers a range of core concepts including personal finance, information about national legal frameworks, budgeting, and so on. Establishing common knowledge is not the responsibility of the finance industry only.
U2 - 10.4324/9780429447839
DO - 10.4324/9780429447839
M3 - Chapter
SN - 9781138330504
T3 - Routledge Studies in Business Ethics
SP - 104
EP - 130
BT - Business Ethics after the Global Financial Crisis
A2 - Cowton, Christopher
A2 - Dempsey, James
A2 - Sorell, Tom
PB - Routledge
CY - New York
ER -