Ethics in Finance: Exploring Market Morality
Explore how moral principles intersect with market dynamics, challenging conventional views on profit, fairness, and responsibility in modern finance.
Explore how moral principles intersect with market dynamics, challenging conventional views on profit, fairness, and responsibility in modern finance.
Delve into the complex intersection of ethics, economics, and society with Harvard's "Justice Today: Money, Markets, and Morals" course. Led by renowned professor Michael J. Sandel, this program challenges you to explore the moral limits of market forces in our daily lives. You'll grapple with provocative questions about the commodification of civic goods, human rights, and social values. Through engaging case studies and global peer discussions, you'll analyze ethical dilemmas in areas such as organ sales, refugee quotas, and employment discrimination. This course equips you with the tools to articulate philosophical arguments about market boundaries and develop your own ethical framework for addressing challenging moral issues in economics and beyond.
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What you'll learn
Analyze the ethical implications of market forces in civic and social spheres
Develop critical thinking skills to evaluate moral dilemmas in economic contexts
Articulate philosophical arguments about the allocation of goods and services
Examine the concept of "needs" and how they relate to market mechanisms
Explore the moral boundaries of markets in various societal contexts
Understand the impact of competition, status, and greed on ethical decision-making
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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There are 12 modules in this course
This course explores the ethical dimensions of financial markets and their impact on society. Students will examine a wide range of controversial topics, including the sale of citizenship, organ trading, price gouging, and employment discrimination. The curriculum is designed to challenge preconceptions about the role of markets in civic life and encourage critical thinking about the moral limits of economic forces. Through case studies, video lectures, and peer discussions, participants will develop skills in ethical reasoning and philosophical argumentation. The course covers various market mechanisms and their societal implications, from line-standing services to refugee quotas. By the end of the program, students will have a deeper understanding of the complex relationship between money, markets, and morals, and be better equipped to articulate and defend their ethical positions on economic issues.
The Ethics of Supply and Demand: Linestanding
Module 1
The Ethics of Supply and Demand: Price Gouging
Module 2
Environmental Protection: The Walrus Quota
Module 3
Consenting Adults: Organ Sales, Hard Jobs
Module 4
Betting on Life and Death: Life Insurance
Module 5
Betting on Life and Death: Death Pools
Module 6
Betting on the Housing Market
Module 7
Markets in Politics: Voting
Module 8
Markets in Politics: Refugee Quotas and Immigration
Module 9
Employment Discrimination: Lookism
Module 10
Employment Discrimination: Racial Discrimination and Base Desires
Module 11
Market, Incentives, and Norms
Module 12
Fee Structure
Instructor
2 Courses
Harvard's Renowned Political Philosopher and Public Intellectual
Michael J. Sandel, the Anne T. and Robert M. Bass Professor of Government at Harvard University, is a preeminent political philosopher and public intellectual known for his engaging teaching style and thought-provoking works on justice, ethics, and democracy. His legendary course "Justice" has attracted over 15,000 Harvard students and millions more through online platforms. Sandel's influential books, including "What Money Can't Buy: The Moral Limits of Markets," "Justice: What's the Right Thing to Do?," and "The Case against Perfection: Ethics in the Age of Genetic Engineering," have been translated into 27 languages and have sparked global debates on the ethical dimensions of markets, biotechnology, and civic life. His work challenges readers to examine the moral and political implications of contemporary issues, from genetic engineering to income inequality. Sandel's ability to bring philosophy into the public sphere has earned him recognition as "the most relevant living philosopher" and a "rock-star moralist," making complex ethical concepts accessible to a wide audience through his books, lectures, and BBC series.
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4.9 course rating
29 ratings
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