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International Series of Lectures and Masterclasses : What is Financial Ethics ?  
23 November 2015

Finance and the Rational-Choice-Theory

International Lecture by Dr. habil. Christian Krijnen

Visiting Scholar

Dr. habil. Christian KRIJNEN, Professor at Vrije Universiteit Amsterdam

Biography

Dr. habil. Christian Krijnen (1965) studied philosophy and economics. He was researcher at the department of philosophy, Vrije Universiteit Amsterdam, on behalf of the Netherlands Organisation for Scientific Research (NWO) and the Centre for Ethics of the University of Nijmegen (CEKUN). In 2001 he received his PhD from the VU University Amsterdam (Nachmetaphysischer Sinn. Eine problemgeschichtliche und systematische Studie zu den Prinzipien der Wertphilosophie Heinrich Rickerts, Würzburg 2001). Since 2002 he was research collaborator (wissenschaftlicher Assistent) at the de-partment of philosophy at the University of Siegen, fellow of the Royal Netherlands Academy of Arts and Sciences (KNAW) and one year later, equally of the Alexander von Humboldt Foundation.

In 2006, he got his habilitation at the University of Siegen (Philosophie als System. Prinzipientheoretische Untersuchungen zum Systemgedanken bei Hegel, im Neukantianismus und in der Gegenwartsphilosophie, Würzburg 2008). Since September 2005 Krijnen holds a permanent position as an asso-ciate professor at the Vrije Universiteit Amsterdam. He was a visiting professor at various departments of philosophy (Tilburg 2010-2013; Katowice 2010; Bochum 2012; Siegen 2013; Linz 2013; Cologne 2014).

Summary

Finance and the Rational-Choice-Theory
Philosophical Reflections on Any Future Financial Ethics

The first speaker in the series “What is Financial Ethics? Philosophical Foundations, Perspectives and Limits” has been Dr. Habil. Christian Krijnen from the philosophical institute at the Free University of Amsterdam.

On Tuesday 17th of November 2015 he delivered as lecture on one of the most used models for economic and ethical evaluation. Krijnen who is a specialist in Kant, Hegel and the Neo-Kantian tradition, developed the thesis that precisely the distinction between facts and values, so central to neo-Kantian reflexivity, risks to be underestimated and to disappear in the Rational Choice paradigm.

This paradigm that represents today the dominant approach in economic-ethical discussions and evaluations, pays tribute, as he pointed out, to mathematical ideals of neo-classical theory. It translates economic reality that is inevitably socially, culturally and historically determined, into an abstract model of calculation.

Before even asking the fundamental ethical questions of value and in casu of the universal desirability of potentially problematic financial practices and habits, this reduced model of individuality and utility fails to apprehend human behavior as such. In the discussion, Krijnen proposed not only to modify, but rather to supplement the Rational Choice paradigm with notions he derived from the neo-kantian tradition and, more indirectly, from the Hegelian concept of recognition (Anerkennung).

Lecture Krijnen – Flyer

LUXEMBOURG SCHOOL OF RELIGION & SOCIETY, Department of Public Responsibility
with friendly support of
UNIVERSITY OF LUXEMBOURG, Department of Philosophy

Chris DOUDE VAN TROOSTWIJK, Ph.D. habil. christian.doude lsrs.lu
 
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