This article sketches an ethics of (financial) speculation in futures markets. (1) It identi-fies an intentionalistic fallacy prevalent in moral criticisms of speculation in general and of financial speculation in particular. (2) It scrutinizes the degree to which the recent debate on financial...

This short essay on financial speculation with agricultural commodities offers (1) a sur-vey of the real economy factors that caused recent hunger crises, (2) an overview of academic research on the impact of index-based financial speculation on agricultural futures markets, and (3) a discussion...

This short essay on financial speculation with agricultural commodities offers (1) a sur-vey of the real economy factors that caused recent hunger crises, (2) an overview of academic research on the impact of index-based financial speculation on agricultural futures markets, and (3) a discussion...

Diese Kurzdarstellung bietet einen Überblick (1.) über die realwirtschaftlichen Ursa-chen der jüngsten Agrarpreiskrisen sowie (2.) über die wissenschaftliche Evidenz zu der Frage, inwiefern die Agrarpreiskrisen durch index-basierte Terminmarktgeschäfte von Finanzinvestoren hervorgerufen...

This literature survey comprises 35 empirical studies published between 2010 and 2012 that analyze the influence of financial speculation on the markets for agricultural com-modities. According to the current state of research, there is little supporting evidence that the recent increase in...