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Can finance be a virtuous practice? A MacIntyrean account

Rocchi, Marta orcid logoORCID: 0000-0003-4668-7445, Ferrero, Ignacio orcid logoORCID: 0000-0001-5869-8366 and Beadle, Ron orcid logoORCID: 0000-0002-2784-0769 (2020) Can finance be a virtuous practice? A MacIntyrean account. Business Ethics Quarterly, 31 (1). pp. 75-105. ISSN 1052-150X

Abstract
Finance may suffer from institutional deformations that subordinate its distinctive goods to the pursuit of external goods, but this should encourage attempts to reform the institutionalization of finance rather than to reject its potential for virtuous business activity. This article argues that finance should be regarded as a domain-relative practice (Beabout 2012; MacIntyre 2007). Alongside management, its moral status thereby varies with the purposes it serves. Hence, when practitioners working in finance facilitate projects that create common goods, it allows them to develop virtues. This argument applies MacIntyre’s widely acknowledged account of the relationship between practices and the development of virtues while questioning some of his claims about finance. It also takes issue with extant accounts of financial functions that have failed to identify the distinctive goods of financial practice.
Metadata
Item Type:Article (Published)
Refereed:Yes
Uncontrolled Keywords:MacIntyre; Finance Ethics; Virtue Ethics; Domain-Relative Practice
Subjects:Business > Finance
Business > Business ethics
Humanities > Philosophy
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Cambridge University Press
Official URL:https://doi.org/10.1017/beq.2020.5
Copyright Information:©2020 Business Ethics Quarterly (CC BY-NC-ND)
ID Code:26796
Deposited On:22 Mar 2022 15:50 by Marta Rocchi . Last Modified 29 Mar 2022 12:32
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