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The Moral Politics Of Imf Reforms: Universal Economics, Particular Ethics

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Chapter Summary

This chapter discusses ethical language in the mainstream of international finance, focusing on both official and scholarly statements. In doing so, it provides some insight implications of this current turn to moral argument among the major participants in financial governance and explores more broadly the potential role for ethics in economic globalization. Economics and ethics have shared a long and storied history. Although there are many different ways of categorizing ethical perspectives, the most central division in international ethics has traditionally been that between cosmopolitan and communitarian approaches. When examining some of the recent proposals for international financial reform, one cannot help but be struck by the persistent reappearance of certain moral tropes. Terms like citizenship, self-responsibility, culpability, civility, ethics, punishment, and morality occur in official International Monetary Fund (IMF) statements and scholarly contributions.

Keywords: economic globalization; international ethics; international financial reform; International Monetary Fund (IMF); universal economics



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