Towards a Theory of Sustainable Finance

Authors :
Joakim Sandberg
Organisation:
Inquiry into the Design of a Sustainable Financial System (UN Environment Inquiry)

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.