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Ethical Asset Valuation and the Good Society

Ethical Asset Valuation and the Good Society PDF Author: Christian Gollier
Publisher: Columbia University Press
ISBN: 0231545924
Category : Business & Economics
Languages : en
Pages : 242

Book Description
For all of their focus on asset prices, financial economists rarely ask if assets are priced ethically—that is, if their prices are compatible with the public good. Yet in a world facing major, possibly catastrophic problems—global warming, for instance, and growing inequality—it is now more important than ever that we allocate capital to projects that will benefit society as a whole, not just today but far into the future. In this book, Christian Gollier develops a powerful method for transforming our societal goals of collective prosperity into the cornerstone of our financial decision making. Ethical Asset Valuation and the Good Society starts by stating transparent moral principles and, from these, derives simple rules that can be used to evaluate saving and investment decisions in terms of the public good. Rather than trying to explain observed asset prices, Gollier derives what these prices ought to be in order to direct capital toward socially desirable investments. He focuses especially on the two prices that drive most financial decisions—the price of time as reflected in the interest rate and the price of risk—and explores the role these play in our long-term planning. If investment projects in renewable energy could be financed at a lower interest rate than those linked to fossil fuels, for instance, the energy transition would be easier to accomplish. Building on criticism of the short-term thinking of financial markets, Gollier suggests ways to shift investment toward the future through the discounting of the valuation of assets and investments with long-term benefits. In this sophisticated but accessible work, Gollier builds a bridge between welfare economics and finance theory to provide a framework for ethical valuation capable of establishing what asset prices should be on the basis of our shared moral values.

Ethical Asset Valuation and the Good Society

Ethical Asset Valuation and the Good Society PDF Author: Christian Gollier
Publisher: Columbia University Press
ISBN: 0231545924
Category : Business & Economics
Languages : en
Pages : 242

Book Description
For all of their focus on asset prices, financial economists rarely ask if assets are priced ethically—that is, if their prices are compatible with the public good. Yet in a world facing major, possibly catastrophic problems—global warming, for instance, and growing inequality—it is now more important than ever that we allocate capital to projects that will benefit society as a whole, not just today but far into the future. In this book, Christian Gollier develops a powerful method for transforming our societal goals of collective prosperity into the cornerstone of our financial decision making. Ethical Asset Valuation and the Good Society starts by stating transparent moral principles and, from these, derives simple rules that can be used to evaluate saving and investment decisions in terms of the public good. Rather than trying to explain observed asset prices, Gollier derives what these prices ought to be in order to direct capital toward socially desirable investments. He focuses especially on the two prices that drive most financial decisions—the price of time as reflected in the interest rate and the price of risk—and explores the role these play in our long-term planning. If investment projects in renewable energy could be financed at a lower interest rate than those linked to fossil fuels, for instance, the energy transition would be easier to accomplish. Building on criticism of the short-term thinking of financial markets, Gollier suggests ways to shift investment toward the future through the discounting of the valuation of assets and investments with long-term benefits. In this sophisticated but accessible work, Gollier builds a bridge between welfare economics and finance theory to provide a framework for ethical valuation capable of establishing what asset prices should be on the basis of our shared moral values.

Bioethics and Society

Bioethics and Society PDF Author: Raymond G. De Vries
Publisher:
ISBN:
Category : Medical
Languages : en
Pages : 382

Book Description
For undergraduate/graduate-level courses in Medical Sociology, Sociology of Health, Medical Ethics, Bioethics. This reader features essays by leading medical sociologists/anthropologists and medical ethicists who consider the full range of cultural, economic, and social dimensions of bioethics This is the first text to view the field of bioethics from a sociological viewpoint exploring how and why bioethics came to be a player in American medicine. Cutting-edge in perspective, it provides a firsthand look at how a new discipline and its practitioners emerge, and provides a model for applying sociology to a field of medicine. The book is useful to students of medical sociology and medical ethics.

Technoethics and the Evolving Knowledge Society: Ethical Issues in Technological Design, Research, Development, and Innovation

Technoethics and the Evolving Knowledge Society: Ethical Issues in Technological Design, Research, Development, and Innovation PDF Author: Luppicini, Rocci
Publisher: IGI Global
ISBN: 1605669539
Category : Philosophy
Languages : en
Pages : 321

Book Description
"This book introduces the reader to the key concepts and issues that comprise the emerging field of Technoethics, the interdisciplinary field concerned with all ethical aspects of technology within a society shaped by technology"--Provided by publisher.

The Ethical Capitalist: How to Make Business Work Better for Society

The Ethical Capitalist: How to Make Business Work Better for Society PDF Author: Julian Richer
Publisher: Random House
ISBN: 147355456X
Category : Business & Economics
Languages : en
Pages : 137

Book Description
__________________ *A road-map for a kinder, fairer capitalism that is fit for the 21st century* Financial Times Book of the Month ‘The founder of Richer Sounds is one of the finest entrepreneurs we have.’ Archie Norman, chairman of Marks & Spencer __________________ Capitalism has lost its way. Every week brings fresh news stories about businesses exploiting their staff, avoiding their taxes, and ripping off their customers. Every week, public anger at the system grows. Now, one of Britain’s foremost entrepreneurs intervenes to make the case for putting business back firmly in the service of society, and setting out on a new path to a kinder, fairer form of capitalism. Drawing on four decades of hands-on management experience, the founder of Richer Sounds argues that ethically run businesses are invariably more efficient, more motivated and more innovative than those that care only about the bottom line. He uncovers the simple tools that the best leaders use to make their businesses fair, revealing how others can follow suit. And he also delves into the big questions that modern capitalism has to answer if it is to survive and to thrive.

Society's Choices

Society's Choices PDF Author: Institute of Medicine
Publisher: National Academies Press
ISBN: 0309051320
Category : Medical
Languages : en
Pages : 560

Book Description
Breakthroughs in biomedicine often lead to new life-giving treatments but may also raise troubling, even life-and-death, quandaries. Society's Choices discusses ways for people to handle today's bioethics issues in the context of America's unique history and cultureâ€"and from the perspectives of various interest groups. The book explores how Americans have grappled with specific aspects of bioethics through commission deliberations, programs by organizations, and other mechanisms and identifies criteria for evaluating the outcomes of these efforts. The committee offers recommendations on the role of government and professional societies, the function of commissions and institutional review boards, and bioethics in health professional education and research. The volume includes a series of 12 superb background papers on public moral discourse, mechanisms for handling social and ethical dilemmas, and other specific areas of controversy by well-known experts Ronald Bayer, Martin Benjamin, Dan W. Brock, Baruch A. Brody, H. Alta Charo, Lawrence Gostin, Bradford H. Gray, Kathi E. Hanna, Elizabeth Heitman, Thomas Nagel, Steven Shapin, and Charles M. Swezey.

The Ethical Society

The Ethical Society PDF Author: William T. Carruthers
Publisher:
ISBN: 9781525526176
Category :
Languages : en
Pages : 390

Book Description
"How is it that we know we are headed for destruction as a species, and yet are unable to effect the necessary changes needed for survival?" We know from history that our current thinking and values will not lead to a peaceful, sustainable future. It is more crucial now than ever that we learn to break the cycle so that we can create a global community that balances diversity and individuality with integration and harmony. The answer lies in how we think. We are trapped in social systems based on power structures designed to keep us divided in antagonistic and non-viable behaviors. We have divorced how we understand the world through science with how we find meaning in our lives through religion, alienating us from the world and each other. To overcome these challenges, we need to focus our thinking on the global community by giving priority to universal ethical values. With ethical priority, we can shift power interests from a tribal to a human perspective and reconnect understanding with meaning. We can reduce alienation and improve harmony around the world. In The Ethical Society, William Carruthers provides the roadmap for us to finally achieve that peaceful, sustainable world.

Most Talkative

Most Talkative PDF Author: Andy Cohen
Publisher: Henry Holt and Company
ISBN: 0805095845
Category : Biography & Autobiography
Languages : en
Pages : 263

Book Description
The man behind the Real Housewives writes about his lifelong love affair with pop culture that brought him from the suburbs of St. Louis to his own television show From a young age, Andy Cohen knew one thing: He loved television. Not in the way that most kids do, but in an irrepressible, all-consuming, I-want-to-climb-inside-the-tube kind of way. And climb inside he did. Now presiding over Bravo's reality TV empire, he started out as an overly talkative pop culture obsessive, devoted to Charlie's Angels and All My Children and to his mother, who received daily letters from Andy at summer camp, usually reminding her to tape the soaps. In retrospect, it's hard to believe that everyone didn't know that Andy was gay; still, he remained in the closet until college. Finally out, he embarked on making a career out of his passion for television. The journey begins with Andy interviewing his all-time idol Susan Lucci for his college newspaper and ends with him in a job where he has a hand in creating today's celebrity icons. In the witty, no-holds-barred style of his show Watch What Happens Live, Andy tells tales of absurd mishaps during his ten years at CBS News, hilarious encounters with the heroes and heroines of his youth, and the real stories behind The Real Housewives. Dishy, funny, and full of heart, Most Talkative provides a one-of-a-kind glimpse into the world of television, from a fan who grew up watching the screen and is now inside it, both making shows and hosting his own.

The British Ethical Societies

The British Ethical Societies PDF Author: I. D. MacKillop
Publisher: Cambridge University Press
ISBN: 0521266726
Category : Literary Criticism
Languages : en
Pages : 216

Book Description
A 1986 study of the British ethical societies in the nineteenth and early twentieth centuries. Dr Mackillop's comprehensive account explores these societies, which became havens of discussion, rallying-points for progressive campaigns and places of secular worship along with the significant events and personalities in the history of the ethical movement.

Behind Closed Doors

Behind Closed Doors PDF Author: Laura Stark
Publisher: University of Chicago Press
ISBN: 0226770869
Category : History
Languages : en
Pages : 242

Book Description
Drwaing on extensive archival sources, Laura Stark reconstructs the daily lives of scientists, lawyers, administrators, and research subjects working - and 'warring' - on the campus of the National Institutes of Health, where they first wrote the rules for the treatment of human subjects.

Cosmos and Community

Cosmos and Community PDF Author: Livia Kohn
Publisher: Three Pine Press
ISBN:
Category : Religion
Languages : en
Pages : 308

Book Description
The common view of Daoism is that it encourages people to live with detachment and calm, resting in nonaction and smiling at the vicissitudes of the world. Most people assume that Daoists are separate from the human community, not antisocial or asocial but rather supra-social and often simply different. Daoists neither criticize society nor support it by working for social change, but go along with the flow of the cosmos as it moves through them. They are not much concerned with rules and the proprieties of conduct, which they leave to the Confucians in the Chinese tradition. Contrary to this common view, Daoists through the ages have developed various forms of community and proposed numerous sets of behavioral guidelines and texts on ethical considerations. Beyond the ancient philosophers, who are well-known for the moral dimension of their teachings, religious Daoist rules cover both ethics--the personal values of the individual--and morality--the communal norms and social values of the organization. They range from basic moral rules against killing, stealing, lying, and sexual misconduct through suggestions for altruistic thinking and models of social interaction to behavioral details on how to bow, eat, and wash, as well as to the unfolding of universal ethics that teach people to think like the Dao itself. About eighty texts in the Daoist canon and its supplements describe such guidelines and present the ethical and communal principles of the Daoist religion. They document just to what degree Daoist realization is based on how one lives one's life in interaction with the community--family, religious group, monastery, state, and cosmos. Ethics and morality, as well as the creation of community, emerge as central in the Daoist religion. A major new initiative in Daoist Studies, Cosmos and Community is the first major English study of Daoist religious ethics. Based on original translations of primary sources, this is required reading for anyone interested in Daoism, comparative ethics, or Chinese history.