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| Recommended Reading: Social and Ethical Issues |
Burch, William R., "Fishes and Loaves: Some Sociological Observations on the Environmental Crisis," in Man and His Environment: The Ecological Limits to Optimism, ed. Francois Mergen (New Haven: Yale School of Forestry, Bulletin Number 76, 1970), pages 30 -54).
Burch's essay is an analysis of some of the important mythology that underlays our culture (e.g., "fishes and loaves" -- the miracle of abundance, i.e., compound interest) and how that mythology poses significant dangers to the natural environment on which we all ultimately depend.
Chang, S.J. "Whose Wealth to Maximize," Journal of Financial Education, Volume 23, Number 2, (Fall, 1997), pages 1-13.
Cloninger, Dale O., "Share Price Maximization, Asymmetric Information and Ethical Behavior: A Comment," Financial Practice and Education, Volume 7, Number 2, (Fall/Winter, 1997), pages 82-84.
This is one of the best books on social accounting ever written. Gambling outlines a system of control through accounting which focuses on quality of life rather than the perspective of accounting as the servant of investors.
This trilogy of novels contain the teachings of Ishmael, a silver-back gorilla who provides an analysis of Western civilization from a distinctly "alternative perspective." Beginning with the emergence of "totalitarian agriculture" about 10,000 years ago, Quinn, through Ishmael, chronicles the development of the "Taker" culture, i.e., our culture. According to Ishmael, it is a culture that "locked up the food" and this "mother culture ceaselessly whispers in our ears telling us what role we must play if we want to eat."
These two articles look at the narratives surrounding hostile takeovers and what these stories tell us about the hidden assumptions and ethics of finance theory.
This is an insightful book that looks at what economics 'counts' and what remains invisible. It is an eyeopener that shows how death is valued in the context of the value of weapons in the world, yet life is undervalued and the environment remains 'invisible'.
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