Neoliberalism and the Moral Economy of Fraud

Author:   David Whyte ,  Jörg Wiegratz (University of Leeds, UK)
Publisher:   Taylor & Francis Ltd
ISBN:  

9781138930377


Pages:   264
Publication Date:   02 June 2016
Format:   Hardback
Availability:   In Print   Availability explained
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Neoliberalism and the Moral Economy of Fraud


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Author:   David Whyte ,  Jörg Wiegratz (University of Leeds, UK)
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Dimensions:   Width: 15.60cm , Height: 2.30cm , Length: 23.40cm
Weight:   0.521kg
ISBN:  

9781138930377


ISBN 10:   1138930377
Pages:   264
Publication Date:   02 June 2016
Audience:   College/higher education ,  Tertiary & Higher Education ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Chapter 1: Neoliberalism, Moral economy and Fraud - David Whyte and Jörg Wiegratz Chapter 2: Economic wrong and economic debate in the neoliberal era - James G. Carrier Chapter 3: 'After' the Crisis: morality plays and the renewal of business as usual - Steve Tombs Chapter 4: Moral Economy, Unearned Income, and Legalized Corruption - Andrew Sayer Chapter 5: The moral economy of post-socialist capitalism: professionals, rentiers and fraud - Balihar Sanghera Chapter 6: Do they do evil? The moral economy of tax professionals - John Christensen Chapter 7: Genealogy, Parasitism and Moral Economy: The Case of UK Supermarket Growth - Paul Jones and Michael Mair Chapter 8: Transnational Tobacco Companies and the Moral Economy of Cigarette Smuggling - Chris Holden Chapter 9: Troika, Austerity and the Reluctant Resort to Criminality in Greece - Steve Hall and Georgios Antonopoulos Chapter 10: Entrepreneurialism, Corruption and Moral Order in the Criminal Justice System of the Democratic Republic of Congo - Maritza Felices-Luna Chapter 11: Murder for gain: Commercial insurance and moralities in South Africa - Erik Bähre Chapter 12: Economic freedom mis-sold: neoliberalism and the moral economies of the PPI scandal in the UK - David Ellis Chapter 13: Seeking God's Blessings: Pentecostal Religious Discourses, Pyramidal Schemes and Money Scams in the Southeast of Benin Republic - Sitna Quiroz Chapter 14: Producing Moral Ambiguity: State Illegality, Economic Growth, and Norm Change in Argentina's Sweatshop Business - Matias Dewey Chapter 15: Public Good for Private Gain: Public sector reform, bureaucrats and discourses of moral accountability in post-socialist Central Europe - Nicolette Makovicky Chapter 16: Fraudulent Values. Materialistic Bosses and the Support for Bribery and Tax Evasion - Christopher S. Swader Chapter 17: The Moral Economy of Neoliberal Fraud - David Whyte and Jörg Wiegratz

Reviews

'This is a book of rare significance. In the wake of the global financial crisis the debate has rightly shifted from asking merely whether markets are 'good' or 'bad'. Instead, attention has increasingly focused on the factors that propel first the production and then the reproduction of market institutions: put simply, how they work. In Neoliberalism and the Moral Economy of Fraud, the reader is presented with a series of studies that capture the important subset of instances in which modern markets are made through duplicitous practices. Forget the textbook case in which all market participants enjoy formal equality in front of the law. Here you will find empirically-rich descriptions of ways in which market advantage might be sourced through consciously flaunting, bending or even breaking the law. The robust institutional arrangements of the textbook case must therefore be contrasted with the inherent institutional fragility that results whenever fraudulent practices become the established means of playing the game. David Whyte and Jorg Wiegratz are to be congratulated for bringing together such high quality chapters, each of which subverts the usual notion of how markets are made. This is an excellent volume that provides compelling lessons for how we think about modern economic life.' - Matthew Watson, Professor of Political Economy, University of Warwick, UK and UK Economic and Social Research Council Professorial Fellow.


'This is a book of rare significance. In the wake of the global financial crisis the debate has rightly shifted from asking merely whether markets are 'good' or 'bad'. Instead, attention has increasingly focused on the factors that propel first the production and then the reproduction of market institutions: put simply, how they work. In Neoliberalism and the Moral Economy of Fraud, the reader is presented with a series of studies that capture the important subset of instances in which modern markets are made through duplicitous practices. Forget the textbook case in which all market participants enjoy formal equality in front of the law. Here you will find empirically-rich descriptions of ways in which market advantage might be sourced through consciously flaunting, bending or even breaking the law. The robust institutional arrangements of the textbook case must therefore be contrasted with the inherent institutional fragility that results whenever fraudulent practices become the established means of playing the game. David Whyte and Jorg Wiegratz are to be congratulated for bringing together such high quality chapters, each of which subverts the usual notion of how markets are made. This is an excellent volume that provides compelling lessons for how we think about modern economic life.' - Matthew Watson, Professor of Political Economy, University of Warwick, UK and UK Economic and Social Research Council Professorial Fellow. 'Every human economy has moral as well as legal, political and technological dimensions. In studying their interaction in contemporary capitalism, social scientists have too often neglected moral behaviour. The fact that the contributors to this excellent volume take the high moral aspirations of neoliberalism seriously is what makes their critique so compelling. Case-studies from doctors in Kyrgyzstan to justice workers in Congo, and from sweatshops in Argentina to supermarkets in Britain, show how the moral dimension, far from disappearing, becomes more and more significant with the rise of the total market. Fraud and violence are endemic, but more subtle and unexpected forms of malpractice are also carefully documented.' - Chris Hann, Director, Max Planck Institute for Social Anthropology 'This is an important and powerful book. International in scope, it outlines in lucid, grounded empirical detail the moral economies of capitalism: how it remakes the soul as well as the economy; how it remakes individual and cultural values as well as politics. The various - and varied - chapters, and the superb introduction and concluding chapters by the editors, show both how neoliberal capitalism is maintained and how its myths and legitimations can be undermined.' - Laureen Snider, Professor of Sociology (Emerita), Queen's University, Ontario, Canada. 'Whyte and Wiegratz's new book is to be heartily congratulated for its boldness and ambition in seeking to uncover and explain the very many varieties of fraudulent outcome that neoliberalism is directly responsible for. Across so many occupations, sectors and industries, and in so many countries, the contributors carefully expose how the turn to neoliberalism has created a fantastically criminogenic environment that narrow elites have been able to willfully exploit to the dis-benefit of the vast majority. The book is especially good at teasing out so many of the fraudulent activities that prevail under cover of 'business as usual'. It also shows how old moral certainties, civic duties and social obligations have been cast aside or corrupted in so many situations, and new forms of anti-social business behavior falsely justified so long as the core imperatives of neoliberalism are defended and advanced - privatization, liberalization, marketization, commercialization and minimization (of the state). As an exposition of the multiplicity of fraudulent outcomes and destructive trends catalyzed into existence thanks to the rise of neoliberalism, this book is surely one of the very best. It especially deserves to be read and thoroughly digested by all those with a mission to address fraud, who can now no longer claim in all seriousness not to be aware of its increasingly panoramic extent and its inter-twining with almost all aspects of everyday life.' - Milford Bateman, Freelance consultant on local economic development, Visiting Professor of Economics, Juraj Dobrila University of Pula, Croatia and Adjunct Professor of Development Studies, St Marys University, Halifax, Canada.


'This is a book of rare significance. In the wake of the global financial crisis the debate has rightly shifted from asking merely whether markets are 'good' or 'bad'. Instead, attention has increasingly focused on the factors that propel first the production and then the reproduction of market institutions: put simply, how they work. In Neoliberalism and the Moral Economy of Fraud, the reader is presented with a series of studies that capture the important subset of instances in which modern markets are made through duplicitous practices. Forget the textbook case in which all market participants enjoy formal equality in front of the law. Here you will find empirically-rich descriptions of ways in which market advantage might be sourced through consciously flaunting, bending or even breaking the law. The robust institutional arrangements of the textbook case must therefore be contrasted with the inherent institutional fragility that results whenever fraudulent practices become the established means of playing the game. David Whyte and Jorg Wiegratz are to be congratulated for bringing together such high quality chapters, each of which subverts the usual notion of how markets are made. This is an excellent volume that provides compelling lessons for how we think about modern economic life.' - Matthew Watson, Professor of Political Economy, University of Warwick, UK and UK Economic and Social Research Council Professorial Fellow. 'Every human economy has moral as well as legal, political and technological dimensions. In studying their interaction in contemporary capitalism, social scientists have too often neglected moral behaviour. The fact that the contributors to this excellent volume take the high moral aspirations of neoliberalism seriously is what makes their critique so compelling. Case-studies from doctors in Kyrgyzstan to justice workers in Congo, and from sweatshops in Argentina to supermarkets in Britain, show how the moral dimension, far from disappearing, becomes more and more significant with the rise of the total market. Fraud and violence are endemic, but more subtle and unexpected forms of malpractice are also carefully documented.' - Chris Hann, Director, Max Planck Institute for Social Anthropology 'This is an important and powerful book. International in scope, it outlines in lucid, grounded empirical detail the moral economies of capitalism: how it remakes the soul as well as the economy; how it remakes individual and cultural values as well as politics. The various - and varied - chapters, and the superb introduction and concluding chapters by the editors, show both how neoliberal capitalism is maintained and how its myths and legitimations can be undermined.' - Laureen Snider, Professor of Sociology (Emerita), Queen's University, Ontario, Canada.


'Corporate fraud has become endemic. In this excellent interdisciplinary collection, the authors question the neoliberal ideology that endorses and encourages its spread. All express a deep concern for the profound failure to police, regulate or punish wrongdoers. Notions such as public interest, honestly earned income, sincerity and integrity are given only lip service in finance and economic theory. Abstract money, created to help human society attain peace and harmony, has come instead to control society's core institutions and ideology. In the process, all of us have become losers, with runaway finance making a mockery of equality, cohesion and human sustainability. At root, many anthropocentric modern social scientists and their theories have become engines of planetary destruction. This book is a clarion call for reform in theory and education.'-- Atul K. Shah, Senior lecturer in accounting and financial management, Suffolk Business School, reviewed in Times Higher Education 'What are you reading?', UK. 'This is a book of rare significance. In the wake of the global financial crisis the debate has rightly shifted from asking merely whether markets are good or bad . Instead, attention has increasingly focused on the factors that propel first the production and then the reproduction of market institutions: put simply, how they work. In Neoliberalism and the Moral Economy of Fraud, the reader is presented with a series of studies that capture the important subset of instances in which modern markets are made through duplicitous practices. Forget the textbook case in which all market participants enjoy formal equality in front of the law. Here you will find empirically-rich descriptions of ways in which market advantage might be sourced through consciously flaunting, bending or even breaking the law. The robust institutional arrangements of the textbook case must therefore be contrasted with the inherent institutional fragility that results whenever fraudulent practices become the established means of playing the game. David Whyte and Joerg Wiegratz are to be congratulated for bringing together such high-quality chapters, each of which subverts the usual notion of how markets are made. This is an excellent volume that provides compelling lessons for how we think about modern economic life.' - Matthew Watson, Professor of Political Economy, University of Warwick, UK and UK Economic and Social Research Council Professorial Fellow 'Every human economy has moral as well as legal, political and technological dimensions. In studying their interaction in contemporary capitalism, social scientists have too often neglected moral behaviour. The fact that the contributors to this excellent volume take the high moral aspirations of neoliberalism seriously is what makes their critique so compelling. Case studies from doctors in Kyrgyzstan to justice workers in Congo, and from sweatshops in Argentina to supermarkets in Britain, show how the moral dimension, far from disappearing, becomes more and more significant with the rise of the total market. Fraud and violence are endemic, but more subtle and unexpected forms of malpractice are also carefully documented.' - Chris Hann, Director, Max Planck Institute for Social Anthropology 'This is an important and powerful book. International in scope, it outlines in lucid, grounded empirical detail the moral economies of capitalism: how it remakes the soul as well as the economy; how it remakes individual and cultural values as well as politics. The various - and varied - chapters, and the superb introduction and concluding chapters by the editors, show both how neoliberal capitalism is maintained and how its myths and legitimations can be undermined.' - Laureen Snider, Professor of Sociology (Emerita), Queen's University, Ontario, Canada 'Whyte and Wiegratz's new book is to be heartily congratulated for its boldness and ambition in seeking to uncover and explain the very many varieties of fraudulent outcome that neoliberalism is directly responsible for. Across so many occupations, sectors and industries, and in so many countries, the contributors carefully expose how the turn to neoliberalism has created a fantastically criminogenic environment that narrow elites have been able to wilfully exploit to the dis-benefit of the vast majority. The book is especially good at teasing out so many of the fraudulent activities that prevail under cover of business as usual . It also shows how old moral certainties, civic duties and social obligations have been cast aside or corrupted in so many situations, and new forms of anti-social business behaviour falsely justified so long as the core imperatives of neoliberalism are defended and advanced - privatization, liberalization, marketization, commercialization and minimization (of the state). As an exposition of the multiplicity of fraudulent outcomes and destructive trends catalyzed into existence thanks to the rise of neoliberalism, this book is surely one of the very best. It especially deserves to be read and thoroughly digested by all those with a mission to address fraud, who can now no longer claim in all seriousness not to be aware of its increasingly panoramic extent and its inter-twining with almost all aspects of everyday life.' - Milford Bateman, Freelance consultant on local economic development, Visiting Professor of Economics, Juraj Dobrila University of Pula, Croatia and Adjunct Professor of Development Studies, St Marys University, Halifax, Canada 'A most compelling and rewarding account in principle and in practice of the results of the neoliberal moral economy of pursuit of self-interest of the few at the expense of the collective goals of the many.' - Ben Fine, Professor of Economics, School of Oriental and African Studies, University of London, UK 'This book discloses a hitherto unexplored yet so tenacious dimension of neoliberal capitalism: the structural scale in which neoliberal rationales and norms facilitate, foster and de-criminalise fraudulent economic practices. Well-researched and well written, this rich collection of succinct analyses offers a compelling challenge to individualised notions of fraud and concomitant widespread perceptions of white-collar crime as cases of occasional 'bad apples'. With uncompromising clarity, the book reveals the brutal and corrupt moral economy of various neoliberal settings in both the Global North and South. It targets the active role of the state and points to the class-based nature of those getting away with impunity and those losing out from the regressive transfer of wealth. Neoliberalism and the Moral Economy of Fraud makes a unique contribution by elegantly synthesising the mechanisms of fraud on the basis of the interface between the competitive profit-seeking venture intrinsic to capitalism, and neoliberal prescriptions for a privatised, self-regulated and financialised economy, and particularly its reliance on exploitative and coercive creditor-debtor relationships.' - Angela Wigger, Associate Professor Global Political Economy and International Relations, Radboud University Nijmegen, The Netherlands 'Three very stimulating arguments are at the core of this book and open the door for productive debates and fresh investigations: (a) Fraud is a structural feature of neoliberalism (not only on the margins), and must be explored empirically; (b) Fraudulent practices are neither value-free nor in a desert of norms, but they have their own set of moral and practical norms; (c) Capitalist normative structures not only come from a top-down process, but also from bottom-up dynamics.' - Jean-Pierre Olivier de Sardan, Professor of Anthropology at the Ecole des Hautes Etudes en Sciences Sociales, Marseille, emeritus Director of Research at the Centre National de la Recherche Scientifique, Paris 'This book covers a range of real-world case studies of the moral culture of fraud and also provides deep theoretical insights on how the terminology of fraud has seeped into normality and even conceptions of 'goodness'. The case studies tell true life stories of how governments, leaders, managers and employees often come to justify their actions in moral terms. The culture of fraud desensitises people and corporations to the wider impacts of their actions, and instead often condones them as the right way to do business. The book introduces the reader to radical literatures questioning the depth of neo-liberal hubris in the agenda and actions of modern institutions, including regulators. Whtye and Wiegratz's book plays a very important role in increasing our understanding of unethical behaviour, which is far beyond the rogue trader or the lone wolf but has instead become central to the science and character of modern big business. All the articles are very insightful and beautifully written.' - Atul K. Shah, reviewed in LSE Review of Books, UK In light of continuing business as usual after the crisis, Neoliberalism and the Moral Economy of Fraud, edited by David Whyte and Jorg Wiegratz, is a much-needed and fresh volume. 15 diverse case studies, a well-written introduction and conclusions form a collection of ideas that counter the widespread pro-establishment economists' take on the recent crisis [...] [This] volume is an important contribution to scholarship on moral economy ... As such, the book can serve as an excellent aid for those willing to understand and engage in a deeper thinking and critique of neoliberal policies, as well as those looking for arguments against the mainstream notion of economic development. - Liga Rudzite, Tallinn University of Technology, reviewed in Studies of Transition States and Societies Based on fascinating case studies, Neoliberalism and the moral economy of fraud is an important contribution to a nascent research field. [...] Written by sociologists, anthropologists and criminologists, all contributions speak to each other by relating their cases to the key terms of the introduction. The collected edition successfully paints a broad picture, in which very different case studies contribute to understanding fraud and corruption as a global phenomenon. - Jan Beek, Johannes Gutenberg University Mainz, reviewed in Review of African Political Economy


Author Information

David Whyte is Professor of Socio-legal Studies at the University of Liverpool, UK. Jörg Wiegratz is Lecturer in Political Economy of Global Development at the University of Leeds, UK.

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