The Moral Politics of IMF Reforms: Universal Economics, Particular Ethics

in Perspectives on Global Development and Technology
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Abstract

The IMF's response to recent financial crises has involved the development of an extensive series of international economic standards that it believes all states should adopt. Fund representatives have justified these reforms by using explicitly moral arguments. In this chapter, I take a closer look at this new turn in order to determine its implications for both financial governance and political ethics. I suggest that although ethical discourse has historically played a crucial role in sustaining financial regimes, the recent turn to moralize finance is novel, for it represents a new kind of economic and ethical liberalism.

The Moral Politics of IMF Reforms: Universal Economics, Particular Ethics

in Perspectives on Global Development and Technology

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