The Philosophy of Money and Finance
Most people use money almost every day, and financial assets have become so important to modern life that they determine our fate both as individuals and as societies. Yet we seldom stop to think about what all of this means, how it works, and how it ought to work. How can a small piece of paper in your wallet have value? How can so much power be vested in the numbers that roll across bankers' computer screens? What role should financial assets and financial institutions play in our lives and in society?

The Philosophy of Money and Finance seeks to answer these types of questions by taking a look "under the hood" to examine the nature of money and the normative foundations of finance. Although philosophical theorizing about money and finance dates back to antiquity, the topic has only recently emerged as a central research focus. Economic globalization, technological innovation, the events of the 2008 financial crisis, and the Covid pandemic have brought new urgency to a broad array of questions in this field.

This book brings together sixteen original chapters that provide a comprehensive introduction to this exciting new field. It is divided into four parts, covering metaphysics, epistemology, ethics, and political philosophy. Within each part, questions that are central to the topic are presented and discussed by leading scholars. The chapters are written in a clear and straightforward manner and without presupposing any background in either philosophy or finance.
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The Philosophy of Money and Finance
Most people use money almost every day, and financial assets have become so important to modern life that they determine our fate both as individuals and as societies. Yet we seldom stop to think about what all of this means, how it works, and how it ought to work. How can a small piece of paper in your wallet have value? How can so much power be vested in the numbers that roll across bankers' computer screens? What role should financial assets and financial institutions play in our lives and in society?

The Philosophy of Money and Finance seeks to answer these types of questions by taking a look "under the hood" to examine the nature of money and the normative foundations of finance. Although philosophical theorizing about money and finance dates back to antiquity, the topic has only recently emerged as a central research focus. Economic globalization, technological innovation, the events of the 2008 financial crisis, and the Covid pandemic have brought new urgency to a broad array of questions in this field.

This book brings together sixteen original chapters that provide a comprehensive introduction to this exciting new field. It is divided into four parts, covering metaphysics, epistemology, ethics, and political philosophy. Within each part, questions that are central to the topic are presented and discussed by leading scholars. The chapters are written in a clear and straightforward manner and without presupposing any background in either philosophy or finance.
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The Philosophy of Money and Finance

The Philosophy of Money and Finance

The Philosophy of Money and Finance

The Philosophy of Money and Finance

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Overview

Most people use money almost every day, and financial assets have become so important to modern life that they determine our fate both as individuals and as societies. Yet we seldom stop to think about what all of this means, how it works, and how it ought to work. How can a small piece of paper in your wallet have value? How can so much power be vested in the numbers that roll across bankers' computer screens? What role should financial assets and financial institutions play in our lives and in society?

The Philosophy of Money and Finance seeks to answer these types of questions by taking a look "under the hood" to examine the nature of money and the normative foundations of finance. Although philosophical theorizing about money and finance dates back to antiquity, the topic has only recently emerged as a central research focus. Economic globalization, technological innovation, the events of the 2008 financial crisis, and the Covid pandemic have brought new urgency to a broad array of questions in this field.

This book brings together sixteen original chapters that provide a comprehensive introduction to this exciting new field. It is divided into four parts, covering metaphysics, epistemology, ethics, and political philosophy. Within each part, questions that are central to the topic are presented and discussed by leading scholars. The chapters are written in a clear and straightforward manner and without presupposing any background in either philosophy or finance.

Product Details

ISBN-13: 9780198978725
Publisher: Oxford University Press
Publication date: 11/28/2025
Pages: 336
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

About the Author

Joakim Sandberg,Lisa Warenski

Joakim Sandberg is Professor of Practical Philosophy and Director of the Financial Ethics Research Group at the University of Gothenburg.

Lisa Warenski is Affiliated Professor of Philosophy at the Graduate Center of the City University of New York, and Research Associate at University of Connecticut.

Table of Contents

Introduction, Joakim Sandberg and Lisa WarenskiI METAPHYSICS1. The Social Ontology of Money, Frank Hindriks2. Cryptocurrency: Commodity or Credit?, Asya Passinsky3. How Many People Does It Take to Make a Dollar?, David G. Dick4. Truth in Financial Accounting, Christopher J. CowtonII EPISTEMOLOGY5. Are Financial Markets Epistemically Efficient?, Lisa Herzog6. Financial Economics: What Kind of Science Is It?, Conrad Heilmann, Marta Szymanowska, and Melissa Vergara-Fernández7. JPMorgan Chase's London Whale Trading Losses: A Tale of Human Fallibility, Lisa Warenski8. Climate Change and Reflexive Law: The EU Sustainable Finance Action Plan, Boudewijn de BruinIII ETHICS9. Is the Pursuit of Money Incompatible with Morality? Some Historical and Philosophical Reflections, Adrian Walsh10. Virtue Theory and the Ethics of Finance, Kate Padgett Walsh and Nolan Pithan11. On the Wrongfulness of Bank Contributions to Financial Crises, Richard Endörfer12. Money in the Social Contract, Aaron JamesIV POLITICAL PHILOSOPHY13. Credit and Distributive Justice, Marco Meyer14. Freedom and Financial Market Reform, Joshua Preiss15. Green Central Banking, Peter Dietsch, Clément Fontan, Jérémie Dion, and François Claveau16. Bitcoins Left and Right: A Normative Assessment of a Digital Currency, Joakim Sandberg and Lars Lindblom
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