Dal moral hazard al rilancio della critica sociale transnazionale. Élites finanziarie e politiche sotto accusa

Name: Dal moral hazard al rilancio della critica sociale transnazionale. Élites finanziarie e politiche sotto accusa
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Articolo

Rivista

STUDI DI SOCIOLOGIA

Fascicolo

STUDI DI SOCIOLOGIA - 2013 - 1

Titolo

Dal moral hazard al rilancio della critica sociale transnazionale. Élites finanziarie e politiche sotto accusa

Autore

Laura Gherardi

Editore

Vita e Pensiero

Formato

Articolo |

Pdf

Pagine

Online da

01-2013

Issn

0039-291X (stampa) | 1827-7896 (digitale)

€ 6,00

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Descrizione

Moral hazard is the assumption of an extremely high risk of which positive consequences can bring an advantage to who has taken the risk, while the eventual costs are borne by someone else. Therefore, the assumption of risk, in this situation, can be incentivized by the possibility for one party to put its interest first with no eventual costs. The present article extends the economical notion of moral hazard to social sciences. More than an important object for sociology – via its link to the notion of social responsibility –, moral hazard has been the base of social criticism after the crisis. After introducing a brief history of the notion, relevant particularly in risk sociology, I’ll present the results of the analysis concerning the critics of moral hazard – appeared on «Financial Times», «Wall Street Journal», «Il Sole 24 Ore», «Les Echos» – during the three years after Lehman Brothers’ bankruptcy. Moral hazard stands here as the root of the opposition – between political and financial élites, on one side, and taxpayer or common citizens, on the other – fostered later on by not-specialized press and protest movements like M-15 and Occupy Wall Street. In this perspective, the notion of moral hazard brings a new light to the link between power, responsibility, inequality and risk in contemporary society.