Comments on: Ethics, Finance and Crisis, https://blog.p2pfoundation.net/ethics-finance-and-crisis/2008/10/30 Researching, documenting and promoting peer to peer practices Mon, 13 Oct 2014 13:03:03 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: P2P Foundation » Blog Archive » The financial evaluation of reputation https://blog.p2pfoundation.net/ethics-finance-and-crisis/2008/10/30/comment-page-1#comment-334163 Fri, 14 Nov 2008 02:10:18 +0000 http://blog.p2pfoundation.net/?p=2032#comment-334163 […] This contribution by Frank Pasquale, Visiting Professor of Law (Spring 2009) at the Yale Law School is a reponse to the earlier contribution by Adam Arvidsson, entitled Ethics, Finance and Crisis. […]

]]> By: Michel Bauwens https://blog.p2pfoundation.net/ethics-finance-and-crisis/2008/10/30/comment-page-1#comment-329347 Sat, 01 Nov 2008 04:35:05 +0000 http://blog.p2pfoundation.net/?p=2032#comment-329347 Dear Adam:

a very interesting contribution, and I of course concur with the gist, but it is also a little troubling.

Granted that finance puts a value on ethical intangibles, but 1) they don’t seem to do it very well; 2) there has been absolute exaggerated over-leveraging. Limiting the freedom of financial markets is usually aimed at the second phenomena. I’m tempted to think that this is really crucial, and that we need some objective basis for valuation (see Bernard Lietaer’s proposal for a global currency based on a basket of commodities, etc…)

From your text, the link between social evaluation through networks, and the financial consequences of this, is not yet very clear to me, could you elaborate?

Michel

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