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The Ethics of Money Production

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Handbook of Virtue Ethics in Business and Management

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Abstract

Government interventions have always played a central role in the production of money. Invariably, they have been justified by invoking the common good. More than in other applications of virtue ethics, it is therefore necessary to examine the causal nexus between concrete individual actions (monetary interventions) and the common good. The groundwork for this analysis has been laid by Nicolas Oresme in the fourteenth century. In the light of his approach, the main monetary institutions of our present day – fractional-reserve banking and fiat money – appear to be questionable practices that undermine the political, economic, and moral foundations of society.

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Author information

Authors and Affiliations

  1. University of Angers, Angers, France

    Jörg Guido Hülsmann

  2. International Academy of Philosophy in Liechtenstein, Bendern, Liechtenstein

    Lucas Scrive

Authors
  1. Jörg Guido Hülsmann
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  2. Lucas Scrive
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Correspondence to Jörg Guido Hülsmann .

Editor information

Editors and Affiliations

  1. Department of Philosophy, University of Navarra, Pamplona, Spain

    Alejo José G. Sison

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Hülsmann, J.G., Scrive, L. (2015). The Ethics of Money Production. In: Sison, A. (eds) Handbook of Virtue Ethics in Business and Management. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-6729-4_19-1

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  • DOI: https://doi.org/10.1007/978-94-007-6729-4_19-1

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