Cambridge University Press
September 2020
Available at:
Content:
A Financial Times Top 10 ESG Reads
"If you know a student or young professional who is interested in finance but wants to improve the world, give them Seeking Virtue in Finance: Contributing to Society in a Conflicted Industry..."
—Gillian Tett, Financial Times.
"A principled guide for finance professionals on upholding decency and values"
—Andrew Jack, Financial Times Book Review.
"JC de Swaan...has produced a field manual of genuine value to those fearing for their virtue in the moral minefield that is the modern finance industry."
—William J. Bernstein, CFA Institute Book Review.
Since the Global Financial Crisis, a surge of interest in the use of finance as a tool to address social and economic problems suggests the potential for a generational shift in how the finance industry operates and is perceived. JC de Swaan seeks to channel the forces of well-intentioned finance professionals to improve finance from within and help restore its focus on serving society. Drawing from inspiring individuals in the field, de Swaan proposes a framework for pursuing a viable career in finance while benefiting society and upholding humanistic values. In doing so, he challenges traditional concepts of success in the industry. This will also engage readers outside of finance who are concerned about the industry’s impact on society.
Book Reviews
"Book Review: Seeking Virtue in Finance by JC de Swaan", Andrew Jack, Financial Times, May 18, 2021.
"Book Review: Seeking Virtue in Finance", William J. Bernstein, CFA Institute, December 11, 2020.
"Green Books Sprout Tall: 10 Top ESG Reads", Gillian Tett, Financial Times, January 6, 2021.
"Book Review: Seeking Virtue in Finance", Manuel P. Mezger, Financial Markets and Portfolio Management, February 10, 2022.
Book Review: Seeking Virtue in Finance, John Boatright, Business Ethics Quarterly, June 29, 2021
"Can Bankers Really Make the World a Better Place?", Laura Alix, American Banker, February 10, 2021.
MoneyWeek, Matthew Partridge (Print Only), February 5, 2021.
"Book Review: Wall Street Has Its Bright Side", Peter Rosik, Obserwator Finansowy, February 14, 2021 (review in Polish).
"Seeking Virtue in Finance: A Futile Search?", Robert Prentice, Ethics Unwrapped, McCombs School of Business, University of Texas, March 2021.
Articles
"How Young Finance Professionals Can Keep Themselves -- And Their Firms -- Honest", JC de Swaan, Barron's, March 16, 2022.
"What Does It Mean to be a Virtuous Investor?", JC de Swaan, Financial World Magazine, May 2021.
"Finding Virtue in the Finance Industry", JC de Swaan, Harvard Business Review Online, October 12, 2020
"Seeking Virtue in Finance", JC de Swaan, Financial History Magazine, March 2021.
"In Conversation with JC de Swaan: Ethics in Finance, Stock Trading Manias, and Financial Systems Across Borders", Shirley Ren, Business Today. April 8, 2021.
"Can Wall Street Be a Force for Social Good?", Taylor Learney, The Simple Dollar, October 23, 2020
"University Students Worry: Being Corrupted the Moment They Walk Into Their First Job on Wall Street", Knut Rostad, Advisor Perspectives. October 21, 2020
"In Financial Services, Making Money Remains a Dirty Business, But Small Changes Are Happening", Chuck Epstein, The Progressive Investor. October 23, 2020
Upcoming Events/Releases
- Epistemic Virtues in Law and Business Seminar (October 11, 2023)
Recorded Podcasts/Webinars
- Princeton Webinar
Co-Hosted by the Bendheim Center for Finance and the Julis-Rabinowitz Center for Public Policy & Finance
Recorded on October 14, 2020 - What Does It Profit? Podcast
Recorded on January 30, 2021 - Museum of American Finance Booktalk
Recorded on November 16, 2020 - New Books Network Podcast
Recorded on October 22, 2020 - Policy Punchline Podcast
Recorded on September 26, 2020 - Xin Wan Podcast
Recorded on September 18, 2020 - Podcast with The Institute for the Fiduciary Standard
Recorded on September 30, 2020 - Alain Guillot Podcast
Recorded on November 12, 2020 - American Banker Podcast on Market Manipulation
April 15, 2021 - Absolute Value with Daniel Ling
June 13, 2021 - Wall Street Oasis
June 9, 2021 - The Wall Street Lab
June 10, 2021 - Scholars of Finance podcast
August 19, 2021 - Unsiloed podcase hosted by Greg La Blanc
February 2022
Short Interviews
- Interview with CAIA President Bill Kelly
January 29, 2021 - SiriusXM Moolala Podcast
Recorded on November 3, 2020 - Today's Verdict on Bronxnet
October 1, 2021
“In his unique and important book, JC de Swaan applies Aristotle’s virtue ethics to modern finance. The result is a highly sophisticated account of how the finance industry contributes both good and ill to the economy and society. De Swaan knows the evidence, and presents it with care, objectivity and moral purpose – to help make modern finance a force for good in the world. Kudos for a major contribution to the debate on reforming business for the common good.”
—Jeffrey D. Sachs, University Professor at Columbia University, and Director of the United Nations Sustainable Development Solutions Network
“The words “virtue” and “finance” do not often appear in the same sentence—unless there is a negative in between them. Finance has earned its bad name. This remarkably original book points would-be financiers in a starkly different direction. Through both general principles and specific examples, J.C. de Swaan shows how the twain can—and should—meet, how the financial industry can become more virtuous and contribute more to society. Every Wall Street executive should read this book.”
—Alan S. Blinder, Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, Princeton University
“JC de Swaan applies the concept of mindfulness to the un-tilled field of finance in his new book, "Seeking Virtue in Finance". De Swaan deconstructs the complexity and opacity of the financial industry, laying bare the conflicting and often self-serving incentives that motivate many of its professionals. In doing so, he provides a vocabulary and framework for the next generation of well-intentioned financial leaders to be able to better assess and navigate their way through the industry and advance the common good.”
—Janet Cowell, CEO, Girls Who Invest
“I’ve been waiting a long time for someone to write this book, and it couldn’t come at a better time. J.C. de Swaan examines how finance careers can be more socially responsible and the industry can add more value to the world. He makes a convincing case that people and companies don’t need to be ruthless to be successful.”
—Adam Grant, New York Times bestselling author of ORIGINALS and GIVE AND TAKE, and host of the chart-topping TED podcast WorkLife
“In today’s world, it has become all too common for individuals to believe that markets and competition are inconsistent with humanistic values. In Seeking Virtue in Finance, J.C. de Swaan demonstrates how finance professionals can successfully operate within the industry to improve the collective interests of society through moral character, practical wisdom and moderation. In doing so, financial professions not only make us better off -- they make us better.”
—Arthur C. Brooks, author of Love Your Enemies, president emeritus, American Enterprise Institute & Professor of Practice, Harvard Kennedy School and Faculty Fellow, Harvard Business School
“A thoughtful book at a very appropriate time. Can the worlds of finance also be worlds of societal good? JC de Swaan explores this idea in a considered but provocative way. Definitely an important read – especially for leaders of financial firms and leaders of financial functions – as well as younger people considering such careers.”
—D. Ronald Daniel, Former Managing Partner, McKinsey & Company
Past Events
- Cambridge in America Author DiscussionOctober 28, 2020
- Princeton Club of Japan Book Talk
October 29, 2020 - Scholars of Finance Workshop
November 18, 2020 - Judge Business School, University of Cambridge Book Talk
November 25, 2020 - Temple University ICAS Book Talk
December 1, 2020 - NYU Stern Abu Dhabi
February 10, 2021 - EDHEC Business School
March 10, 2021 - Fordham University
March 2 and March 29, 2021 - Carnegie Council for Ethics in International Affairs
March 19, 2021 - Harvard Business School/Harvard Kennedy School Social Enterprise Conference
March 27-28, 2021 - Marquette University, Commercial Banking Program
April 29, 2021 - Harvard Club Financial Markets Stability and Reform Group
- June 15, 2021
- Princeton Club of Chicago
July 13, 2021 - Asian Women in Finance
September 15, 2021 - Discovery Dinner, Rockefeller/Mathey, Princeton
November 4, 2021 - Wells Fargo Investor Conference
December 2, 2021 - Trinity in Japan
December 8, 2021 - Oxford University, Seminar on Character
February 3, 2022 - The Wharton School investment Club
February 25, 2022 - MIT Scholars of Finance
March 2, 2022 - Investments & Wealth Institute Conference (Nashville)
May 16-18, 2022 - Princeton Club of Nashville
May 17, 2022 - Princeton University Global Alumni Lecture
September 28, 2022 - Princeton Club of Northern California
October 25, 2022 - Columbia University Scholars of Finance
November 2, 2022 - Trinity College Cambridge Alumni of NY
December 1, 2022 - Princeton SOF Fall Kick-Off
September 14, 2023