Corporate and Financial Leadership
Chapter 3: Eternal equity in the fin de millénaire
This chapter theoretically defines intergenerational equity as a natural behavioral law. It considers human ethicality bounds and system failures in the domains of financial social responsibility, social welfare reform of an aging Western world population, and environmental ethicality regarding natural resources depletion and climate change. Overall, introducing intergenerational equity as a natural behavioral law advances the legal case for codifying intergenerational fairness on an international basis. Applying bounded ethicality to financial and environmental considerations spearheads interdisciplinary behavioral law and economic models to help with financial market predicaments, social welfare reform and environmental threats. Exploring contemporary intergenerational constraints will allow us experimentally to test the generalizability and moderators of intergenerational conscientiousness. Investigating cognitive facets of intergenerational decision making innovatively guides financial social responsibility, environmental protection education and social policy implementation. Enhancing financial social responsibility, social welfare and environmental protection through discussing future-oriented public policies is aimed at alleviating future predictable economic, social and environmental crises in order to ensure a sustainable humankind.
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