Just International Monetary Arrangements

Abstract

International monetary arrangements - the practices and rules governing the creation, distribution, and management of money and credit in the world economy - have received little attention from philosophers concerned with international distributive justice. A convincing account of the requirements of greater international distributive justice demands a description of such arrangements. Current international monetary arrangements at times have consequences that are difficult to justify morally. Empirical reasoning, normative reasoning and institutional imagination must be employed together in order to identify alternatives that are desirable and realizable.