2015
DOI: 10.1142/9789814566926_0024
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The Ethics of Financial Speculation in Futures Markets

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 6 publications
(3 citation statements)
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References 6 publications
(8 reference statements)
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“…Both manipulative and gambling transactions can be deemed to be unethical from a consequentialist perspective due to the societal cost imposed by introducing false information to the market (Koslowski, 2011). Finally, Pies et al (2013) apply an ordonomic-theoretical approach and conclude that speculation is societally desirable per se and thereby advocate the ethical desirability of agricultural commodity speculation via index funds.…”
Section: Discussionmentioning
confidence: 99%
“…Both manipulative and gambling transactions can be deemed to be unethical from a consequentialist perspective due to the societal cost imposed by introducing false information to the market (Koslowski, 2011). Finally, Pies et al (2013) apply an ordonomic-theoretical approach and conclude that speculation is societally desirable per se and thereby advocate the ethical desirability of agricultural commodity speculation via index funds.…”
Section: Discussionmentioning
confidence: 99%
“…1 Some book publications include Pies (2008) [How to Fight Corruption], Pies (2009a) [Morality as Heuristics], Pies (2009b) [Morality as a Production Factor], Pies (2012) [Rule Consensus instead of Value Consensus], Pies (2015) [Good Advice Need not be Expensive]. 2 Characteristic contributions include Pies, Hielscher, Beckmann (2009), Pies, Beckmann, Hielscher (2010), Pies, Beckmann, Hielscher (2011), Hielscher, Pies, Valentinov (2012, Valentinov, Hielscher, Pies (2013), , , , Pies, Will, Glauben, Prehn (2015), Beckmann, Pies (2016), Hielscher, Pies, Valentinov, Chatalova (2016), , Will, Pies (2016), Hielscher, Winkin, Crack, Pies (2017), Pies (2017). -For a general overview cf.…”
Section: Introductionmentioning
confidence: 99%
“…Political instruments aimed at protecting and maintaining small-scale peasant farming carry wide emotional appeal, yet they can present a dysfunctional hindrance on both structural change and productivity in many segments of global agriculture. Essentially similar concerns can be raised with regard to mental models related to GMOs or to speculation with agricultural commodities [ 14 , 15 ]. These models, while seeking to reconcile the reality of industrialized agriculture with sustainability ideals, are apparently impervious to the evidence on how genetic engineering boosts agricultural productivity [ 16 ] and how speculation allows small producers to hedge against price risks [ 15 ].…”
Section: Introductionmentioning
confidence: 99%