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Rejoinder to Bagus and Howden on Borrowing Short and Lending Long

Journal of Business Ethics volume 100, pages 229–238 (2011)Cite this article

Abstract

In Barnett and Block (J Bus Ethics 88(4):711–716, 2009a), the present authors claim that borrowing short and lending long is fraudulent, and thus ought to be prohibited on legal grounds. Bagus and Howden (J Bus Ethics 90(3):399, 2009) take issue with our ethical analysis. The present paper is our response to these authors; it is an attempt to defend Barnett and Block (J Bus Ethics 88(4):711–716, 2009a) against the very interesting and important, although we believe, erroneous, criticisms of Bagus and Howden (J Bus Ethics 90(3):399, 2009).

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Affiliations

  1. Joseph A. Butt, S.J. College of Business, Loyola University New Orleans, 6363 St. Charles Avenue, Miller Hall 318, Box 15, New Orleans, LA, 70118, U.S.A.

    William Barnett II & Walter E. Block

Authors
  1. William Barnett II
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  2. Walter E. Block
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Correspondence to Walter E. Block.

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Barnett, W., Block, W.E. Rejoinder to Bagus and Howden on Borrowing Short and Lending Long. J Bus Ethics 100, 229–238 (2011). https://doi.org/10.1007/s10551-010-0677-9

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  • DOI: https://doi.org/10.1007/s10551-010-0677-9

Key words

  • banking
  • fraud
  • fractional reserves
  • natural law
  • continuum problem