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Sorell, Tom (2018) Responsibility in the financial crisis. Midwest Studies In Philosophy, 42 (1). pp. 20-36. doi:10.1111/misp.12081 ISSN 0363-6550.
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Official URL: http://doi.org/10.1111/misp.12081
Abstract
The global financial crisis began in 2007, and we are still feeling its effects. It has involved the collapse or near- collapse of large commercial banks, hugely expensive interventions by governments to guarantee deposits and buy bank assets, a steep decline in bank lending to individuals and businesses, significant falls in consumer activity, both domestic and international, with a resulting reduction in trade. Government indebtedness due to the crisis has resulted in diminished welfare states in Western Europe and a worsening of the position of the worst off in developed countries. In the United States, repossessions of properties rose very markedly after 2006, and members of both low and middle income groups have at times been very badly affected.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance |
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| Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||||||
| Library of Congress Subject Headings (LCSH): | Global Financial Crisis, 2008-2009 -- Moral and ethical aspects, Banks and banking | ||||||||
| Journal or Publication Title: | Midwest Studies In Philosophy | ||||||||
| Publisher: | Wiley-Blackwell Publishing, Inc. | ||||||||
| ISSN: | 0363-6550 | ||||||||
| Official Date: | September 2018 | ||||||||
| Dates: |
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| Volume: | 42 | ||||||||
| Number: | 1 | ||||||||
| Page Range: | pp. 20-36 | ||||||||
| DOI: | 10.1111/misp.12081 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||||
| Description: | Special issue: moral responsibility and the Financial Crisis |
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| Date of first compliant deposit: | 20 June 2018 | ||||||||
| Date of first compliant Open Access: | 22 October 2018 | ||||||||
| RIOXX Funder/Project Grant: |
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