The Distinctive Significance of Systemic Risk

Ratio Juris (4):239-258 (2016)

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Abstract
This paper suggests that “systemic risk” has a distinctive kind of moral significance. Two intuitive data points need to be explained. The first is that the systematic imposition of risk can be wrongful or unjust in and of itself, even if harm never ensues. The second is that, even so, there may be no one in particular to blame. We can explain both ideas in terms of what I call responsibilities of “Collective Due Care.” Collective Due Care arguably precludes purely aggregative cost-benefit decision-making and requires one kind of “precautionary” attitude in public choice.
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Reprint years 2017
DOI 10.1111/raju.12150
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References found in this work BETA

What We Owe to Each Other.Thomas M. Scanlon - 2002 - Mind 111 (442):323-354.
Contractualism and Utilitarianism.Thomas M. Scanlon - 1982 - In Amartya Kumar Sen & Bernard Arthur Owen Williams (eds.), Utilitarianism and Beyond. Cambridge University Press. pp. 103--128.
Who Can Be Wronged?Rahul Kumar - 2003 - Philosophy and Public Affairs 31 (2):99-118.

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Citations of this work BETA

The Dominating Effects of Economic Crises.Alexander Bryan - forthcoming - Critical Review of International Social and Political Philosophy:1-25.
Moral Responsibility for Systemic Financial Risk.Jakob Moggia - forthcoming - Journal of Business Ethics:1-13.

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