Moral Socioeconomies and Socioeconomic Moralities in Money, Banking, and Finance.

This paper will explore theories, concepts and empirical trends in moral economies and economic moralities in socioeconomic research on money, banking, and finance. The purpose is to reconsider broader problems of morality in economics by reassessing money, monetary policies, and banking and finance across advanced capitalis and in developing countries. New approaches to morality in socioeconomics (Hodgson, 2013; Gintis etal, 2004; Haussman and McPherson, 2006) as well as new approaches to morality in economics generally (Sen, 1992; Nussbaum, 2000; Roemer, 1986) and further theories and concepts from debates in moral philosophy provide opportunities to reassess problems of money, banking and finance in socioeconomics. Traditional approaches in welfare economics, new heterodox approaches, and historical and comparative empirical studies of institutions, from both critical and positive analytic traditions, will be reviewed to problematize morality in the socioeconomics of money, banking and finance. Although concerns about welfare economics, social choice theory and game theory still dominate normative economics, new work by philosophers, economists, and other social scientists provide alternative approaches that may be brought to bear on compelling questions about morality, money, banking, and finance in the post-crisis world. Special focus on concerns in accounting, economics and law will inform this review.