Responsibility For Financial Crises

Abstract

How is the unjust global order reproduced, and how are we to think about individual responsibility therefor? Social and global justice scholars have devoted much thought to these two interrelated questions. In this article I argue that to capture the multifaceted responsibility picture for the reproduction of the unjust global order, an integrated responsibility model is needed, which builds on, integrates and revises existing responsibility theories. To do so, I analyze one set of complex social processes through which the unjust global order is reproduced, namely financial crises. The integrated responsibility model defended offers three heuristic categories to think through the full responsibility picture for the reproduction of the unjust global order via financial crises: the structural-agential level, structural processes proper, and the structural-systemic level.