Capitalism and ethics
How Conflicts-of-Interest Legislation Can Be Used to Handle Moral Dilemmas in the Economy
Bibliographic Data
| ID | 4388722 |
|---|---|
| Authors | Richard Swedberg (0000-0003-0635-0581, Cornell University, corresponding author) |
| Year | 2005 |
| Volume | 57 |
| Issue | 185 |
| Pages | 481-492 |
| Publication date | 2005-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Social Science Journal (JOURNAL) |
| Journal identifiers | ISSN: 0020-8701 • E-ISSN: 1468-2451 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-2451.2005.00565.x |
| OpenAlex | W2076690890 |
| Language | EN |
| Citations received | 1 |
| References cited | 8 |
In this article I look at the way that conflict of interest-legislation is used to handle moral dilemmas in the US economy. The key idea of this type of laws is that it is possible to prevent a certain type of moral conflicts from arising by forbidding all the actors who have been set to guard ageneral interestto enter into a situation where their behaviour may be influenced by theirprivate interests. In an attempt to better understand how this type of legislation works in reality, I use as my empirical case what happened when the US bull market of the 1990s fell apart and a number of corporate scandals broke out. The reason for using just this example is that conflicts of interest figured very prominently in the scandals that followed the bull market, especially in the accounting industry which this article covers in detail. An effort is also made to see how suggestions were made, in response to the scandals, to improve upon the existing conflicts of interest-legislation in various ways
Capitalism · Economics · Economy · Guard (computer science) · Law and economics · Legislation · Market economy · Political economy · Political science · Politics · Sociology · Ethics in Business and Education · Law
| Citations per year | 0.07 |
|---|---|
| Citation span | 2011 - 2011 (1) |
| Highly cited | No |