The Irish Banking Crisis (2008–2016)

Abstract

The purpose of this paper is to contribute to a vision for leadership in business, banking, and politics based on a recovery of virtue. It draws principally on the works of the classical philosophers Aristotle (384–322 BCE) and Plato (c. 427–347 BCE) in line with the contemporary resurgence of Aristotle associated with Alasdair MacIntyre and others. In the context of an ethical analysis of the Irish banking crisis (2008-2016), the paper will show how virtue ethics can contribute to the avoidance of a repetition of the disastrous financial crisis of 2008 in Ireland and globally. It proposes a holistic approach that integrates virtue and culture, ethics and governance.