The Journal of Ethics 16 (3):273-303 (2012)

The crisis of 2008–2009 has been viewed primarily as a financial one, which has spilled over into the economy more generally. I want to argue that there is a much deeper crisis, of which the present one is a result. The deeper crisis is political: more specifically, it is a crisis in the ideology and social ethos of the American people. I refer to what has happened to the thinking of United States citizens since the Second World War, and the dangers that that transformation entails for world peace and cooperation—let alone the creation of an economic regime in which deep financial crises do not occur. Short of a change in the ideology of a many of its citizens, I do not believe the United States can succeed in preventing a repeat performance, perhaps many encores, which become increasingly severe.
Keywords G. A. Cohen  Economic distribution  Financial crisis  Justice  Politics  John Rawls  Social ethos  Incentive theory
Categories (categorize this paper)
DOI 10.1007/s10892-011-9115-1
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 58,425
Through your library

References found in this work BETA

Rescuing Justice and Equality.G. A. Cohen (ed.) - 2008 - Harvard University Press.
Why Not Socialism?Gerald Allan Cohen - 2009 - Princeton University Press.
Subject Index.G. A. Cohen - 2008 - In Rescuing Justice and Equality. Harvard University Press. pp. 425-430.

View all 6 references / Add more references

Citations of this work BETA

Rejoinder.Axel Honneth - 2015 - Critical Horizons 16 (2):204-226.
Markets.Lisa Herzog - forthcoming - Stanford Encyclopedia of Philosophy 2013.

Add more citations

Similar books and articles

The Financialisation of Business Ethics.Armin Beverungen, Stephen Dunne & Casper Hoedemaekers - 2013 - Business Ethics, the Environment and Responsibility 22 (1):102-117.
The Corporate Psychopaths Theory of the Global Financial Crisis.Clive R. Boddy - 2011 - Journal of Business Ethics 102 (2):255-259.
Bringing Politics Back In: Rethinking the Asian Financial Crisis and its Aftermath.Shalendra D. Sharma - 2000 - Critical Review: A Journal of Politics and Society 15 (1-2):221-238.
The Economics Profession, the Financial Crisis, and Method.David Colander - 2010 - Journal of Economic Methodology 17 (4):419-427.
Implications for Models in Monetary Policy.Stan du Plessis - 2010 - Journal of Economic Methodology 17 (4):429-444.
What Would a Rawlsian Ethos of Justice Look Like?Michael G. Titelbaum - 2008 - Philosophy and Public Affairs 36 (3):289-322.
Distributive Justice in Crisis.Eldar Sarajlic - 2011 - CEU Political Science Journal 6 (3):458-483.


Added to PP index

Total views
89 ( #113,967 of 2,420,820 )

Recent downloads (6 months)
1 ( #543,487 of 2,420,820 )

How can I increase my downloads?


My notes