The global financial crisis and its impacts have raised important questions about the role that ethics in economic thinking and the responsibilities that a market capitalist system has in relation to wider social and political concerns. In particular the programme is examining the duty of care in financial institutions, how the culture and value systems of financial institutions changed in the years leading up to the crisis, and what practically might be done to rebuild trust and encourage stronger and more ethically based standards of behavior in financial and economic activity.
INET Oxford's Research Themes
Ethics and Economics
Rebuilding Trust in the Financial Services Industry
This research looks at both on understanding the necessary reforms to institutions, laws and regulations needed to ensure that those who work within the financial sector become, once again, more tightly bound by professional standards of behaviour.
No. 2022-26 - Fair Social Contracts and the Foundations of Large-Scale Collaboration
23 Sep 22
This article argues that perceptions of social contract fairness are essential for effective large-s...
No. 2021-15 - Towards resilient health systems: New institutions, an invigorated civil society, and global cooperation
17 May 21
A new health-sector institution is necessary at the national level. The UK needs a Health Resilience...
Toward a New Ontological Framework for the Economic Good
16 Oct 20
I argue that the Lima de Miranda and Snower SAGE framework represents not just another “beyond GDP” ...
International economic cooperation post COVID-19: A discussion panel
27 Jul 20
A panel discussion from Australian National University drawing on papers forthcoming in a special is...
Recoupling Economic and Social Prosperity
20 Feb 20
This paper explores a new theoretical and empirical approach to the assessment of human well-being, ...
Building upon foundations for evidence-based policy
10 May 19
There is no natural constituency for evidence-based policy. It should, by rights, be the public who ...
Rebuilding macroeconomic theory (Oxford Review of Economic Policy, Special Issue)
05 Jan 18
Gordon Menzies: Restoring trust in finance: moral obligation meets Econ 101
03 Mar 17
There have been many calls for more ethical bankers, but what might this actually look like in pract...
INET Oxford Highlights Report 2012-2014
29 Jan 15
Testing for Monotonicity under Endogeneity: An Application to the Reservation Wage Function
31 Aug 14