scholarly journals Discourse ethics for debt markets

2016 ◽  
Vol 2 (1) ◽  
pp. 62-85 ◽  
Author(s):  
Timothy C. Johnson

This article develops a pragmatic theory of finance in which markets are considered to be centres of communicative action in the face of uncertainty. This contrasts with the conventional approach that portrays markets as centres of strategic action in the face of scarcity. The argument follows Habermas and entails that a financial market must address the truthfulness, truth, and rightness of the statements made by its participants (i.e., the prices quoted). I claim that these discursive norms have been implicit in historical financial markets as expressed in the norms of sincerity, reciprocity, and charity. I conclude by proposing that ‘trust’ in commerce is a synthesis of the three discursive norms. The motivation of the article is to address the crisis of legitimacy that the financial system is experiencing, particularly in the United Kingdom (UK) and the United States (US).

Author(s):  
Mary Gilmartin ◽  
Patricia Burke Wood ◽  
Cian O’Callaghan

This chapter discusses the issue of belonging. It first focuses on citizenship, which is often described as formal belonging. While citizenship is regularly framed as ‘natural’ and ‘common sense’, it is argued that it is never fully stable or secure. This is shown in practice through the example of the United Kingdom and Ireland, specifically, how the Brexit vote has had knock-on consequences for how citizenship and belonging is being re-imagined in both places. This is contrasted with the practice of citizenship in the United States, where, despite effusive expressions of unity, articulations of belonging have a deep history of division and exclusion. It considers both the barriers to formal belonging experienced by undocumented residents of the United States and the ways in which citizens themselves struggle to achieve inclusion and equality in the face of increasingly explicit intolerance.


2020 ◽  
Author(s):  
Dunigan Parker Folk ◽  
Karynna Okabe-Miyamoto ◽  
Elizabeth Warren Dunn ◽  
Sonja Lyubomirsky

In two pre-registered studies, we tracked changes in individuals’ feelings of social connection during the COVID-19 pandemic. Both studies capitalized on measures of social connection and well-being obtained prior to the COVID-19 pandemic by recruiting the same participants again in the midst of the pandemic’s upending effects. Study 1 included a sample of undergraduates from a Canadian university (N = 467), and Study 2 included community adults primarily from the United States and the United Kingdom (N = 336). Our results suggest that people experienced relatively little change in feelings of social connection in the face of the initial reshaping of their social lives caused by the COVID-19 pandemic. Exploratory analyses suggested that relatively extraverted individuals exhibited larger declines in social connection. However, after controlling for levels of social connection prior to the pandemic (as pre-registered), the negative effect of extraversion reversed (Study 1) or disappeared (Study 2).


1986 ◽  
Vol 34 (2) ◽  
pp. 185-201 ◽  
Author(s):  
Michael Moran

A definition of regulation is offered and the relevance of regulatory theory to understanding change in financial markets is explained. The nature of financial change is sketched. Four major sets of regulatory theories are outlined—teleological, cultural, instrumental and administrative. The adequacy of each in explaining recent changes in securities markets in Britain and the United States is assessed. The article concludes that some cultural and administrative theories perform best, and argues that in the United Kingdom and the United States there is a convergence of regulatory styles.


2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Dunigan Folk ◽  
Karynna Okabe-Miyamoto ◽  
Elizabeth Dunn ◽  
Sonja Lyubomirsky

In two pre-registered studies, we tracked changes in individuals’ feelings of social connection during the COVID-19 pandemic. Both studies capitalized on measures of social connection and well-being obtained prior to the COVID-19 pandemic by recruiting the same participants again in the midst of the pandemic’s upending effects. Study 1 included a sample of undergraduates from a Canadian university (N = 467), and Study 2 included community adults primarily from the United States and the United Kingdom (N = 336). Our results suggest that people experienced relatively little change in feelings of social connection in the face of the initial reshaping of their social lives caused by the COVID-19 pandemic. Exploratory analyses suggested that relatively extraverted individuals exhibited larger declines in social connection. However, after controlling for levels of social connection prior to the pandemic (as pre-registered), the negative effect of extraversion reversed (Study 1) or disappeared (Study 2).


2021 ◽  
Vol 21 (2/2021) ◽  
pp. 159-173
Author(s):  
Zuzanna Ptaszynska

The United States and the United Kingdom have special political, economic, military and cultural relations. The new American administration is restoring priority to multilateralism and old alliances, and the British authorities have announced an expansion of international engagement. The effects of the COVID-19 pandemic, the fight against climate change, the growth of China’s influence, and threats to cybersecurity are the biggest international challenges in the view of both states. The US and the UK urge other states to jointly take responsibility and work out solutions to the world’s most crucial problems. The United Kingdom left the European Union in January 2020 and, in line with the rhetoric of the government, it regained a sovereign foreign policy. US-UK relations could deepen but new troubles appeared, for example the need to negotiate a new trade deal. However, the differences between Joe Biden and Boris Johnson are less important in the face of common interests, as evidenced by the signing of a new Atlantic Charter by both leaders in June 2021 or increasing joint engagement in the Indo-Pacific region.


2020 ◽  
Vol 13 (2) ◽  
pp. 19-47
Author(s):  
Abelardo Rodriguez

Brexit and America First are undeniable examples of a return to state-based politics. This article examines the dichotomy of identity and the state, which has given rise to imperial nostalgia. Nevertheless, the decisions of the elites and the dominant majorities may lead to the fragmentation of the United Kingdom. London has shown itself to be weak in the face of China, Russia, and India and it is not clear if, over the long term, it will be influential in the global political struggles in which the latter countries are challenging the power of the United States. There are even doubts as to whether the United Kingdom can articulate a strategic alliance with the United States, due to their respective differences over relations with China and Russia. The dispute for world hegemony is also being challenged by the forces of surveillance capitalism, which not only threatens regional cooperation and immigration, but also the ecosystem and the very future of the species.


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