Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems …

Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … - the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the …

recent economics research on prominent ideas in moral psychology. First, the theory that morality is ultimately economically …

The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal …

performance. In principle, outside auditing firms and other watchdog institutions help outside investors to identify and ignore … for hiding adverse information. It is ironic that what are called accounting ethics' fail to embrace the profession …

economics of virtue ethics. Character traits and personality are not considered immutable in either field. They are shaped by … content to virtue ethics and suggest what virtue ethics contributes to the study of economic models …