Published: 2022-11-23

Global Financial Crisis of 2008: Ethical Issues

Jacek Klich
Seminare. Learned Investigations
Section: Socio-pedagogical sciences
https://doi.org/10.21852/sem.2017.3.07

Abstract

The global financial crisis of 2008 was one of the biggest in the history and it brought about enormous losses both on the economic and social plane. The aim of the article is to assess to what extent ethical considerations are present in literature on the causes of the global financial crisis. It is argued that despite the destructive role of unethical behaviors of numerous business entities as well as CEOs in the financial sector which set the stage for the global financial crisis, the ethical aspects of the financial crisis remain neglected. The author concludes that the paradigms of economic and management sciences should be revised and that they should be embedded in ethics.

Keywords:

global financial crisis, ethical behavior, values

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Klich , J. (2022). Global Financial Crisis of 2008: Ethical Issues . Seminare. Learned Investigations, 38(3), 93–105. https://doi.org/10.21852/sem.2017.3.07

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