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Seminario di etica applicata. Etica degli affari Relatore: Stefano Cavagnetto (Prague College, School of Business, Repubblica Ceca) 1. Venerdì 8 Febbraio 2013 Dipartimento di Studi Umanistici, Ex-Ospedaletto (V.le Garibaldi,Vercelli), Aula B1, ore 16-18. Due prospettive sul whistle-blowing: USA-Gran Bretagna ed Europa. 2. Venerdì 15 Febbraio 2013 Dipartimento di Studi Umanistici, Ex-Ospedaletto (V.le Garibaldi, Vercelli), Aula B1, ore 16-18: Etica e Finanza: antitesi reale o fittizia? 3. Venerdì 22 Febbraio 2013 Dipartimento di Studi Umanistici, Ex-Ospedaletto (V.le Garibaldi, Vercelli), Aula B1, ore 16-18: La finanza contemporanea come “scienza naturale”: sussiste una responsibilità etica dei “nuovi scienziati” del denaro? Il seminario rientra nel progetto di collaborazione su epistemologia, etica, economia fra Università Amedeo Avogadro (Dipartimento di Studi Umanistici) e Prague College (School of Business) con finanziamento della Fondazione Lagrange. Coordinatore: Sergio Cremaschi (docente di Filosofia Morale, Università Amedeo Avogadro). Per informazioni: [email protected] A comparison between two perspectives on whistle-‐blowing: US and GB vs continental Europe. Abstract. In this seminar we discuss a long journey of whistle blowing, from Sherron Watkins (Enron) and Cynthia Cooper (WorldCom) cases to the Italian d.d.l against corruption recently proposed and approved by Monti’s government. First part of the seminar focuses on understanding of the moral ambiguity surrounding whistle blowing practices and the differences in the way the US and GB deal with it with respect to Continental Europe. The second part of the seminar deals mostly with external whistle blowing and on how moral judgments about it differ across countries and cultures. Finally, some other cases will be introduced and discussed with students and Bauman’s description of the moral impulse and Jonas’s idea of shared ethics will be illustrated to draw some conclusions. References. Z. Bauman, Postmodern Ethics. Oxford; Blackwell (1993). H. Jonas, Das Prinzip Verantwortung. Frankfurt: Shurkamp (2003). T. Beauchamp and N. Bowie, Ethical Theory and Business. Englewood Cliffs, NJ: Prentice Hall (1988). C. Fisher and A. Lovell, Business Ethics and Values. FT: Prentice Hall (2006). M. Painter-‐Morland, Business Ethics and Continental Philosophy, Cambridge University Press (2011). Ethics and Finance: real or fictitious antithesis? Abstract. In this seminar we will discuss what normally is called “finance” and world of finance in relation with ethics. In particular we will be focusing on banks and some other financial institutions that act in financial markets today and we will see how ethics has been attached to banks and in which context. The main subject will be then ethical banking as a part of a larger societal movement aiming at a more social and environmental responsible financial sector. Ethical banks are regulated by the same authorities as traditional banks and have to abide by the same rules nevertheless they define themselves as being ethical; why? It’s a real difference or it’s simply an image they propose but the substance is the same? Indeed they do share a common set of principles. In this seminar we will illustrate the difference between what the conventional banks call internal ethics and what the ethical banks call external ethics and through a short history of the banking system we will illustrate and enlighten some of the most important differences between the two types of institutions with the help of suitable philosophical framework. References. Aristotle, Nicomachean Ethics, Oxford University Press, (2002). I. Kant, Groundwork of the Metaphysics of Morals, Harper Collins, (2009). J. S. Mill, Utilitarianism, Oxford University Press (1998). B. Cohen and M. Warwick, Values-‐Driven Business, Berrett-‐Koehler Publishers (2006). C. Cowton & Paul Thompson, “Do Codes Make a Difference? The Case of Bank Lending and the Environment”, Journal of Business Ethics, vol. 24, 2 (2000), pp. 165 -‐ 178. C. Schultz, “What is the Meaning of Green Banking”, Green Bank Report http://greenbankreport.com/green-‐bank-‐ deals/what-‐is-‐the-‐meaning-‐of-‐green-‐banking/ P. Thompson and C. Cowton, “Bringing the Environment into Bank Lending: Implications for Environmental Reporting”, British Accounting Review, vol. 36, 2 (2004), pp. 197–218. C. F. Green, “Business Ethics in Banking”, Journal of Business Ethics, vol. 8, 8 (1989), pp. 631–634. B. Harvey, “Ethical Banking: The Case of the Co-‐Operative Bank”, Journal of Business Ethics, vol. 14, 12(1995), pp. 1005–1013. Contemporary finance as “natural science”: does it exist an ethical responsibility of the “new scientists” of money? Abstract. Since the seventies the world of finance began the transformation that has led to the present state. The work of many authors of those years that drew on the seminal work of Luis Bachelier from the beginning of the century was based on some fundamental assumptions. During those years the first discussions about the efficiency of financial markets and new ways of understanding them appeared. But what’s the origin of these methodologies and what are the models that led to the formation of the financial world today? In this seminar we will be discussing the origins of modern finance and the several implications of the new scientists producing the tools and the methodologies which are currently dominating the markets. Finally based on a manifesto “The financial modeler’s manifesto” published by Emanuel Derman and Paul Wilmott we will be discussing the ethical implications for these professionals coming from the world of natural sciences. References. E. Derman and P. Wilmott, The financial modeler’s manifesto, available at http://www.wilmott.com/blogs/paul/index.cfm/2009/1/8/Financial-‐Modelers-‐Manifesto, retrieved 2012. K. Dowd, Moral Hazard and Financial Crisis, available at http://www.cato.org/pubs/journal/cj29n1/cj29n1-‐12.pdf, retrieved 2012. A. Swartz, Origins of the Financial Market Crisis of 2008, available at http://www.cato.org/pubs/journal/cj29n1/cj29n1-‐12.pdf, retrieved 2012. M. Brown and S. Kauffman et al., Can Science Help solve the Economic Crisis? Available at http://www.edge.org/documents/archive/edge269.html, retrieved 2012. D. Mackenzie and Y. Millo, “Constructing a Market, Performing Theory: the Historical Sociology of Financial Derivatives Exchange”, American Journal of Sociology, 1, (2003), pp. 107-‐145. D. MacKenzie, An Engine, not a Camera. How Financial Models Shape Markets, MIT Press, (2006). M. Friedman, The Methodology of Positive Economics, in Essays in positive Economics, university of Chicago Press, (1953). K. M. Davidson, Reality Be Damned, The Legacy of Chicago School of Economics, in The American Interest, 2, (2009). A. Dragulescu, applications of Physics to Economics and Finance: Money, Income, Wealth, and the Stock Market, Department of Physics, University of Maryland, college Park, (2002). P. Mirowski, More Heat Than Light: Economics as Social Physics, Physics as nature’s Economics, Cambridge University Press, (1989). P. Mirowski, Machine Dreams. Economics becomes a Cyborg Science, Cambridge University Press, (2002).