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Finance must be about 'human flourishing', says Archbishop - video

Thursday 9th October 2014

The purpose of finance is "human flourishing, not just the rate of return", Archbishop Justin said during an ethical finance debate in Washington yesterday.

The Archbishop of Canterbury joined the panel discussion on ethics and finance at the 2014 Annual Meetings of the International Monetary Fund and World Bank Group in Washington.

Archbishop Justin told the panel, which included Bank of England governor Mark Carney and IMF managing director Christine Lagarde, that "human flourishing, not just the rate of return" must be the purpose of finance.

“The heart of reconstruction of confidence is in ethical and worthwhile banking, which has at its heart ambition for heroism, not only for internal rate of return,” he said. 

Watch a video of the discussion (Archbishop Justin's remarks begin at 43:30): 



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