Cosmopolitanism and Global Financial Reform: A Pragmatic by James Brassett

By James Brassett

Acknowledgement of the moral measurement of worldwide finance is general within the wake of economic crises. The sub-prime main issue and resulting credits crunch are just the most recent in an extended run of worldwide monetary crises that wreak social havoc and strength us to think about substitute chances for worldwide finance.

By defining cosmopolitanism and analysing how cosmopolitan principles can more and more supply an account of the governance of world finance, Brassett examines even if worldwide finance should be regulated with a purpose to supply cosmopolitan values like social safeguard, equality and democratic responsibility. It means that such an workout isn't really thoroughly resourced through latest theoretical ways to serious IPE and in its place develops a brand new pragmatic technique in keeping with the concept of Richard Rorty. Combining moral conception with empirical research, it specializes in the Tobin Tax – (a notion to put a small levy on foreign currencies transactions to hose down hypothesis and lift immense sales) – and explores even if it will probably underpin extra cosmopolitan types of worldwide monetary governance.

This booklet situates cosmopolitan rules within the extant dilemmas and indeterminacies of worldwide ethics, suggesting choices the place attainable. it will likely be of curiosity to scholars and students of overseas ethics, international governance, worldwide civil, diplomacy, overseas political financial system, worldwide finance, public coverage, serious conception, political conception and philosophy.

Show description

Read Online or Download Cosmopolitanism and Global Financial Reform: A Pragmatic Approach to the Tobin Tax (RIPE Series in Global Political Economy) PDF

Best political books

Enlightenment and Community (McGill-Queen's Studies in the History of Ideas)

Jürgen Habermas' pioneering paintings has provoked excessive dialogue concerning the upward thrust of a latest public sphere and civil society. Redekop revises and expands the Habermasian thesis via demonstrating that, instead of being quite "bourgeois," the eighteenth-century German public used to be a tricky, amorphous entity that was once no longer according to a unmarried social grouping - a beckoning determine that led Lessing, Abbt, and Herder on detailed yet similar quests to offer it form and shape.

Justice, Equal Opportunity and the Family

3 universal assumptions of either liberal concept and political debate are the autonomy of the relations, the main of advantage, and equality of existence chances.  Fishkin argues that even below the easiest stipulations, dedication to any of those rules precludes the 3rd. “A short survey and really good critique of up to date liberal political theory….

The Cult of Authority: The Political Philosophy of the Saint-Simonians

There exists an intensive literature at the heritage of the Saint­ Simonian flow in addition to on numerous levels of Saint-Simo­ nian fiscal, literary, aesthetic, feminist, and pacifist idea and task. besides the fact that, till the 1st version of the current paintings, no better learn had undertaken an exam of the $64000 subject of the political considered the Saint-Simonians.

Extra info for Cosmopolitanism and Global Financial Reform: A Pragmatic Approach to the Tobin Tax (RIPE Series in Global Political Economy)

Example text

Indeed, on some readings, they turn against ethical theory, as such, in favour of critique. As David Campbell surmises: What is urgently required is not the construction of a theory, much less a theory of international relations, or perhaps even less a theory of ethics for international relations. … What is required is an ethos of political criticism that is concerned with assumptions, limits, their historical production, social and political effects, and the possibility of going beyond them in thought and action.

When we value arguments for human rights it is not because they have transcultural, transhistorical validity, but because they chime with a particular set of historical sentiments that we have learnt to value. Western liberals after the Great Depression, the Holocaust, Hiroshima and the Cold War are more prone to see cruelty and humiliation as morally wrong and to defend stories like human dignity as morally right than at any point previously. For Rorty, attempts to build a ‘Truthful’ account of human rights can be no more than a summary of the sentiments western liberals have developed in time and space.

A pragmatic praxis would promote the experimental interplay of different actors working at multiple levels – both public and private – to achieve this end. It is not that there is one rightful outcome or, as many neo-Marxists argue, one rightful agent. Rather, the process itself could be of ethical value in its ability to foster a change in sentiments over time. A key argument therefore is that, from a pragmatic perspective, cosmopolitan ethics in global finance becomes a quality – or set of qualities – to be constructed.

Download PDF sample

Rated 4.29 of 5 – based on 30 votes