This is one of the few books to analyze the systemic and the ethical mistakes that led to the financial crisis of 2008. It keeps the middle ground, while investigating the role of speculation in the formation of the crisis.

Preface.- Introduction: Is the Finance Industry Ethically Irrelevant?.- Part A Foundations of Business and Finance Ethics.- Chapter 1 Ethical Economy, Economic Ethics, Business Ethics.- Part B The Ethical Economy and Finance Ethics of the Markets for Credit, Capital, Corporate Control, and Derivatives.- Chapter 2 The Ethical Economy of the Credit Market.- Chapter 3 The Ethical Economy of the Capital Market.- Chapter 4 Insider Knowledge and Insider Trading as Central Problems of Finance Ethics.- Chapter 5 The Ethical Economy of the Market for Corporate Control and for Corporate Know-How.- Chapter 6 The Ethical Economy of the Market for Derivatives: Trading with Values Derived from Other Values for Hedging, Speculation, and Arbitrage.- Chapter 7 Interdependences Between the Financial Markets for Credit, Capital, and Derivatives, and the Challenges the Financial Markets Pose for Ethics.- Chapter 8 The ‘Banking Secret’ and the Right to Privacy The Banks’ Duty of Confidentiality and Banking Secrecy.- Part C Financial Wagers, Hyper-Speculation, Financial Overstretch The Financial Market Crisis of 2008 and Finance Ethics.- Chapter 9 Financial Wagers, Hyper-Speculation, and Shareholder Primacy.- Chapter 10 Financial Overstretch TheEpochal Disturbance of the Invisible Hand of the Market by the Financial Industry.- References.