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The Philosophy of Money and Finance

Joakim Sandberg Lisa Warenski

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Paperback

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English
Oxford University Press
20 November 2025
Most people use money almost every day, and financial assets have become so important to modern life that they determine our fate both as individuals and as societies. Yet we seldom stop to think about what all of this means, how it works, and how it ought to work. How can a small piece of paper in your wallet have value? How can so much power be vested in the numbers that roll across bankers' computer screens? What role should financial assets and financial institutions play in our lives and in society?

The Philosophy of Money and Finance seeks to answer these types of questions by taking a look ""under the hood"" to examine the nature of money and the normative foundations of finance. Although philosophical theorizing about money and finance dates back to antiquity, the topic has only recently emerged as a central research focus. Economic globalization, technological innovation, the events of the 2008 financial crisis, and the Covid pandemic have brought new urgency to a broad array of questions in this field.

This book brings together sixteen original chapters that provide a comprehensive introduction to this exciting new field. It is divided into four parts, covering metaphysics, epistemology, ethics, and political philosophy. Within each part, questions that are central to the topic are presented and discussed by leading scholars. The chapters are written in a clear and straightforward manner and without presupposing any background in either philosophy or finance.
Volume editor:   ,
Imprint:   Oxford University Press
Country of Publication:   United Kingdom
Dimensions:   Height: 235mm,  Width: 156mm,  Spine: 20mm
Weight:   520g
ISBN:   9780198978725
ISBN 10:   0198978723
Pages:   336
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Joakim Sandberg is Professor of Practical Philosophy and Director of the Financial Ethics Research Group at the University of Gothenburg. Lisa Warenski is Affiliated Professor of Philosophy at the Graduate Center of the City University of New York, and Research Associate at University of Connecticut.

Reviews for The Philosophy of Money and Finance

Questions relating to the monetary and financial systems have begun to receive serious attention from philosophers in recent years. In this landmark collection, Joakim Sandberg and Lisa Warenski have brought together an impressive array of contributors, who together advance the state-of-the-art in philosophical debates on money and finance, encompassing issues from metaphysics and epistemology to ethics and political philosophy. The collection thereby does an impressive job of deepening philosophy's engagement with these crucially important aspects of our shared social and economic lives—ranging over issues from financial crises to green finance, and from central banking to cryptocurrency. * Martin O'Neill, Professor of Political Philosophy, University of York * Joakim Sandberg and Lisa Warenski gather a group of leading thinkers to clear up finance's complex and often puzzling nature-from fundamental metaphysical questions to pressing ethical and political issues. By making the mechanisms of our financial lives explicit, the book deeply explains how money and finance shape our individual choices and collective destinies. A significant and accessible contribution, essential for philosophers, economists, and anyone interested in critically engaging with the financial realities of our age. * Emiliano Ippoliti, Founder and Host of Phinance - The Philosophy and Finance Network and Associate Professor of Philosophy, Sapienza University of Rome * ""What is money?"" is one of the day's urgent questions; it presses on us to make sense of expansive central bank activity and of the attempts of cryptocurrencies to counterbalance. The essays in this edited volume are a first-of-their-kind endeavor for contemporary analytic philosophy to weigh in on these topics. * Graham Hubbs, Professor of Philosophy and PPE Program Director, University of Idaho * Money management and philosophical practice might seem like polar opposites on the scale from crass and vulgar to refined and abstruse, but as Sandberg and Warenski demonstrate by means of this fine volume, money and finance raise a range of issues that are at the same time philosophically interesting and practically relevant—even urgent. You will never think about money the same way after reading this book. * Erik Angner, author of How Economics Can Save the World: Simple Ideas to Solve Our Biggest Problems [2023] and Professor of Practical Philosophy, Stockholm University *


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