I question the view that financial scandals are isolated cases in an otherwise robust system. These ‘negative externalities', as economists describe them, have generated a spirit of lawlessness that threatens the integrity of the market system.The victims often include the most vulnerable people on the planet: pensioners and the proverbial widows and orphans.
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I question the view that financial scandals are isolated cases in an otherwise robust system. These ‘negative externalities', as economists...
TK
Jan 10, 2007 09:43
"I question the view that financial scandals are isolated cases in an otherwise robust system. These ‘negative externalities', as economists... [MORE]