This article focuses in the allocation of financial risks from the viewpoint of social justice. In contemporary society, finance and the related risk allocation patterns have become highly important in determining the social positions of individuals. Yet it is somewhat unclear how ‘financial risks’ should be understood in normative theory and to what extent their allocation is a specific problem of justice. This article consists of a definition of this category and a typology of three different and distinctive perspectives to financial risks and social justice, out of which a synthesis is drawn. The contribution of the article is to propose a normative basis for a research programme on risks and justice in the society of high financialisation.
Teppo Eskelinen has obtained his Ph.D. in political philosophy, and currently works as university lecturer in social and public policy at the university of Jyväskylä, Finland. His research focuses on the intersections of political philosophy and political economy. His previous works have been published in journals such as The Journal of Global Ethics, World Political Science Review and Northeuropean Journal of Philosophy. He also functions as the editor of the Finnish Review of Political Economy.