Should Access to Credit be a Right?
Journal of Business Ethics 84 (1):17-28 (2009)
Abstract
Discussion on financial ethics increasingly includes the problem of exclusion of the poorer segments of society from the financial system and access to credit. This paper explores the ethical dimensions surrounding the concept of a human right to credit. If access to credit is directly instrumental to economic development, poverty reduction and the improved welfare of all citizens, then one can proclaim, as Nobel Prize Laureate M. Yunus has done, that it is a moral necessity to establish credit as a right. Arguments both supporting and opposing the concept of a right to credit are presented. While there may be general agreement that access to financial services may provide a pathway out of poverty, granting a universal right could induce perverse effects such as overindebtedness. Bearing in mind the ultimate goal of proponents of this right as well as the potential harmful consequences, this paper offers a new perspective on the question of access to credit based on a goal-right system.DOI
10.1007/s10551-008-9670-y
My notes
Similar books and articles
Taking Credit.William J. Graham & William H. Cooper - 2013 - Journal of Business Ethics 115 (2):403-425.
Knowledge, Credit, and Cognitive Agency.Daniel S. Breyer - 2013 - Pacific Philosophical Quarterly 94 (4):503-528.
Universal Emergency Access under Managed Care: Universal Doubt or Mission Impossible?Gregory Luke Larkin, James E. Weber & Arthur R. Derse - 1999 - Cambridge Quarterly of Healthcare Ethics 8 (2):213-225.
Credit Theories and the Value of Knowledge.Jason Baehr - 2012 - Philosophical Quarterly 62 (246):1-22.
(Not) giving credit where credit is due: Citation of data sets. [REVIEW]Professor Joan E. Sieber & Bruce E. Trumbo - 1995 - Science and Engineering Ethics 1 (1):11-20.
The Role of the Matthew Effect in Science.Michael Strevens - 2006 - Studies in History and Philosophy of Science Part A 37 (2):159-170.
(Not) giving credit where credit is due: Citation of data sets.Joan E. Sieber & Bruce E. Trumbo - 1995 - Science and Engineering Ethics 1 (1):11-20.
32. “Credit Default Swaps from the Viewpoint of Libertarian Property Rights and Contract Theory”.Thorsten Polleit & Jonathan Mariano - unknown
Credit‐default swaps are not to blame.Peter J. Wallison - 2009 - Critical Review: A Journal of Politics and Society 21 (2-3):377-387.
Calvin’s Restrictions on Interest: Guidelines for the Credit Crisis. [REVIEW]J. J. Graafland - 2010 - Journal of Business Ethics 96 (2):233 - 248.
The Value Problem of Knowledge: an Axiological Diagnosis of the Credit Solution.Anne Meylan - 2013 - Res Philosophica 90 (2):261-275.
Analytics
Added to PP
2009-01-28
Downloads
94 (#132,771)
6 months
4 (#183,357)
2009-01-28
Downloads
94 (#132,771)
6 months
4 (#183,357)
Historical graph of downloads
Citations of this work
philosophy of money and finance.Boudewijn De Bruin, Lisa Maria Herzog, Martin O'Neill & Joakim Sandberg - 2018 - In Edward Zalta (ed.), Stanford Encyclopedia of Philosophy. Palo Alto: Metaphysics Research Lab, Stanford University.
The Ethical Crisis in Microfinance: Issues, Findings, and Implications.Marek Hudon & Joakim Sandberg - 2013 - Business Ethics Quarterly 23 (4):561-589.
Fairness and microcredit interest rates: from Rawlsian principles of justice to the distribution of the bargaining range.Marek Hudon & Arvind Ashta - 2013 - Business Ethics, the Environment and Responsibility 22 (3):277-291.
Making sense of alternative currencies.Louis Larue - 2019 - Dissertation, Université Catholique de Louvain
References found in this work
Between Facts and Norms: Contributions to a Discourse Theory of Law and Democracy.Jürgen Habermas (ed.) - 1996 - Polity.
Between Facts and Norms: Contributions to a Discourse Theory of Law and Democracy.Frank I. Michelman & Jurgen Habermas - 1996 - Journal of Philosophy 93 (6):307.
World Poverty and Human Rights.Thomas Pogge - 2002 - Ethical Theory and Moral Practice 6 (4):455-458.
Making Sense of Human Rights: Philosophical Reflections on the Universal Declaration of Human Rights.James W. Nickel - 1987 - University of California Press.