CMF F54 - Postcrisis Management Philosophy, what has philosophy to say about money, credit and ethics* *NOT ESTABLISHED*

Faculty
Professor Pierre Guillet de Monthoux and Professor Ole Fogh Kirkeby

Course Coordinator
Bent Meier Sørensen

None in particular. However, a basic knowledge of philosophy and management desirable

Many claim the recent financial crisis should entail reinterpetations of how to act and organize in future economies. What philsophies that might support such re-interpretations? Are there forgotten perspectives on money, credit and finance that might shape different perspectives on postcrisis management? Most business schools finds is superfluous to reflect on money, credit and finance. But given the present situation it is no longer satisfactory only to teach traditional financial techniques. It might be time to tackle more fundamental question of a philosophicla nature.

This course offers three elements.

An overview of how both philsophy and economy has treated the questions of money, credit and finance. Here we want to point out the differences between how economists, on one hand, and on the other, how philosophers have tackled the subject

Next we will examine some past crises in order to reflect on how history might condition and embed ideas about money, credit and finance

Finally we ask what post-crises philosophising might imply. How might the actual crises open up to new ways of thought and action; to new kinds of management philosophy?

Dont forget that more than a century ago Georg Simmel wrote his now famous ”philosophy of money” in order to reflect on the monetarization of society taking place at that time. So what has philosophy to contribute to those who face money and credit in their everday lives as well as in their worklife. Simmels philosophy mostly tackle the åproblems of indivduals in the modern monetarized state; it might be considered as the foundation of an economi phiilsophy. To some extent, less than we would suspect, economists have also attempted to make contributions to philsophy of money; we will try to grasp what they have done. Simmel and the economists are not the only sources avialable when we rediscover what philosophy has to say about money ,credit and finance there is the Marxian money-paranoia, there is Niclas Luhmans way to integrate money in his overall systemstheory and of course Deleuzes ideas on schizzoanalysis of capitalism. Allt this is fine...but is it really what we look for...we now opne up for the final discussions about new parspectives on post-crisi management.

There are three goals for learning:

A 4-hour written open-book exam