Justice in Finance: The Normative Case for an International Financial Transaction Tax

Journal of Political Philosophy 22 (4):458-485 (2013)

Authors
Gabriel Wollner
Universität Bayreuth
Abstract
There has recently been much debate about the idea of levying a tax on particular transactions on international financial markets. Economists have argued about how much revenue such an international financial transaction tax would raise and they disagree about what effects it would have on trade volumes, financial stability, and overall growth. Politicians have argued about the feasibility of introducing such a tax internationally and they disagree on its adequacy as a policy response to the current financial and economic crisis. This article contributes to the debate about international financial transaction taxation by bringing the perspective of political philosophy to bear on the politicians’ and economists’ arguments about policy. I shall outline a framework for thinking about justice in finance, and defend the idea of an international financial transaction tax as an instrument for making the international financial system more just.
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DOI 10.1111/jopp.12016
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References found in this work BETA

What We Owe to Each Other.Thomas Scanlon - 1998 - Belknap Press of Harvard University Press.
Mortal Questions.Thomas Nagel - 1979 - Cambridge University Press.
The Problem of Global Justice.Thomas Nagel - 2005 - Philosophy and Public Affairs 33 (2):113-147.
Distributive Justice, State Coercion, and Autonomy.Michael Blake - 2001 - Philosophy and Public Affairs 30 (3):257-296.
Disadvantage.Jonathan Wolff & Avner de-Shalit - 2007 - Oxford University Press.

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Citations of this work BETA

The Mirage of Mark-to-Market: Distributive Justice and Alternatives to Capital Taxation.Charles Delmotte & Nick Cowen - forthcoming - Critical Review of International Social and Political Philosophy:1-24.
Eurozone Justice.Juri Viehoff - 2018 - Journal of Political Philosophy 26 (3):388-414.
Justice and Taxation.Daniel Halliday - 2013 - Philosophy Compass 8 (12):1111-1122.

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