Jainism and Ethical Finance : A Timeless Business Model

The recent financial crisis has lead to a process of re-evaluation and the role of financial institutions and their connection to - or disconnection from – the wider economy and society. This debate has generally failed to consider alternatives to western political and economic ideologies.

Researchers and students interested in the ethics of finance, accounting and economics and the need to rebalance global finance to meet human and ecological well-being, will find ‘Jainism and Ethical Finance’ a scholarly and illuminating evaluation of Jain Dharma.. In the light of current concerns about financial and banking systems, and the larger disconnection between financial and environmental policy making, economic growth and social justice, this book provides a timely alternative perspective.

The financial crisis of 2008 has led to a re-evaluation of the role of financial institutions and their relationship with the wider economy and society. This process has meant an increased questioning of both the conduct of business itself and the principles behind commercial and financial activities. Yet non-western voices have been notably absent from this debate, as have alternatives to the dominant western-derived economic ideologies. From the ancient spiritual wisdom or Dharma of the Jains, there emerges a practical modern philosophy fully in tune with the re-emergence of India as a global economic power. Jain individuals, businesses and charities have played a powerful role in India’s rise and within the global Indian Diaspora. Jain communities are noted everywhere for their contributions to business, the professions and science. These successes are based on the principles of interdependence and co-operation, with an emphasis on long-term consolidation rather than short-term bursts of growth. Researchers and students interested in the ethics of finance, accounting and economics will find Jainism and Ethical Finance a scholarly and illuminating evaluation of Jain Dharma as a non-western case study. In the light of current concerns about the way global finance and banking systems operate, this book offers a timely alternative perspective.

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