Moral categories in the financial crisis

Marion Fourcade (1) , Philippe Steiner (2) , Wolfgang Streeck (3) , Cornelia Woll (4)

1 UC Berkeley - University of California [Berkeley]
2 GEMAS - Groupe d'étude des méthodes de l'analyse sociologique
3 Max Planck Institute for the Study of Societies
4 CEE - Centre d'études européennes et de politique comparée (Sciences Po, CNRS)

Karl Marx observed long ago that all economic struggles invite moral struggles, or masquerade as such. The reverse may be true, too: deep moral–political conflicts may be waged through the manipulation of economic resources and the design of policy devices. Using the recent financial and Eurozone crises as empirical backgrounds, the short papers presented here by Philippe Steiner, Cornelia Woll, Wolfgang Streeck and Marion Fourcade propose four different perspectives on the play of moral judgments in the economy and call for a broader and more systematic scholarly engagement with this issue. Focusing on executive compensation, bank bailouts and the sovereign debt crisis, the discussion forum builds on a roundtable discussion held at the opening of the Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo) in Paris on November 29, 2012.

Keywords: Financial crises; Social values; Financial markets; Economic sociology

Domains: Political science; Sociology; Economics and Finance

Marion Fourcade, Philippe Steiner, Wolfgang Streeck, Cornelia Woll. Moral categories in the financial crisis: Discussion Forum. Socio-Economic Review, 2013, 11 (3), pp.601 - 627. ⟨hal-02384253⟩