Money Machines

Electronic Financial Technologies, Distancing, and Responsibility in Global Finance

Mark Coeckelbergh author

Format:Paperback

Publisher:Taylor & Francis Ltd

Published:30th Jun '20

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Money Machines cover

Exploring the intersection of technology and finance, Money Machines examines the ethical implications of financial ICTs and their impact on society.

In Money Machines, the author delves into the intricate relationship between technology and global finance, examining how financial information and communication technologies (ICTs) shape our understanding of money. This exploration reveals the ethical and societal implications of these technologies, highlighting the often impersonal nature of financial interactions. The book takes readers through the historical and metaphysical dimensions of money, algorithms, and electronic currencies, arguing that our increasing reliance on financial ICTs creates a disconnect that complicates our ability to assign responsibility in economic matters.

As we navigate the complexities of global finance, many find themselves adrift in a sea of uncertainty, lacking the knowledge to fully comprehend the systems that govern our lives. The author emphasizes that while financial technologies may seem abstract, they have tangible effects on our social fabric. The distancing effects of these technologies can lead to a sense of alienation, making it challenging for individuals to engage meaningfully with financial systems. Yet, Money Machines also asserts that these developments are not merely ephemeral; they are grounded in human practices that can be influenced and redirected.

Ultimately, the book serves as a call to action for scholars and practitioners alike, encouraging them to rethink their relationship with technology in finance. By examining how we can resist or reshape techno-financial practices towards more ethical outcomes, Money Machines offers valuable insights for those interested in the intersections of finance, ethics, and technology, fostering a deeper understanding of our collective responsibilities in this evolving landscape.

’As if proving Heidegger correct, what the recent financial crisis clearly demonstrates is the extent to which the techniques and technologies of global finance have remained transparent and virtually invisible. In this eye-opening book, Mark Coeckelbergh expertly exhibits and examines the influential but often unseen machines, machinery, and mechanisms of money that now regulate every aspect of contemporary life.’ David J. Gunkel, Northern Illinois University, USA ’Mark Coeckelbergh is recognized internationally for illuminating the manner in which information and communication technologies (ICTs) create new forms of distancing and in particular moral distancing. This important book extends that analysis to underscore the hidden ways ICTs shape money and global finance, alter relationships, and undermine responsibility.’ Wendell Wallach, Yale University, USA

ISBN: 9780367599263

Dimensions: unknown

Weight: 294g

212 pages