Congratulations to our new students.
To many, finance is a legitimate area of human inquiry and practice. Of course there are bad apples who exploit the system, but these are exceptions to the norm. We can forgive Finance its flaws because of what it contributes to our lives. In this lecture, however, Michael Black will argue that this view doesn't recognise the inherent evil perpetrated by Finance in the most intimate part of our lives: the identification of what is important and meaningful. The claim by Finance to know how to measure value is an institutional fraud that doesn't merely cost us the occasional banking collapse, it creates a system that prevents us from expressing authentic human interests and destroys our hope of finding larger communal interests.
a series of seminars with Edward Hadas