The Goals of Finance and their Instrumentality in Democratizing Wealth

Loading...
Thumbnail Image
Penn collection
Honors Theses (PPE)
Degree type
Discipline
Subject
Finance
Democratization
Wealth
Income
Equality
Equity
Society
Business Law, Public Responsibility, and Ethics
Economic Theory
Finance
Finance and Financial Management
Income Distribution
Organizational Behavior and Theory
Funder
Grant number
License
Copyright date
Distributor
Related resources
Contributor
Abstract

Over time, individuals have used tools of finance to increase their own personal and familial holdings, to seek education, and to begin gaining equity stakes in their own homes, among other pursuits. Corporations have used finance to capitalize new business ventures, to provide funds for investment in research and development, and to expand into new markets. Finance, through its various instruments and practices, has thus enabled people to make manifest their ambitions and has allowed creative ideas to flourish in competitive markets. Finance, in essence, serves as the organizing principle that provides for vigorous economic activity and wealth generation in societies where it functions properly and, as such, “it can be used to help broaden prosperity across an increasingly wide range of social classes.” Given this capacity to broaden prosperity for all, finance should be used as a tool of wealth democratization if it is to stay true to its terms of original instantiation.

Advisor
Waheed Hussain
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2013-04-23
Journal title
Volume number
Issue number
Publisher
Publisher DOI
Journal Issue
Comments
Recommended citation
Collection