The paper presents a theoretical model of a different and more sustainable role for financial agents and markets that is justified by systematic philosophical arguments and reasoning. It is normative rather than descriptive, and does not review how the financial system currently functions, but rather how it ought to function in the future. The goal is to identify a new direction for finance which the majority of commentators will recognize as both desirable and achievable

        This paper was presented at the UNEP Inquiry/CIGI Research Convening which took place in Waterloo (Canada) on 2-3 December 2014.
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