Does competition destroy ethical behavior?
Published
2004
Publisher
National Bureau of Economic Research
Description
"Explanations of unethical behavior often neglect the role of competition, as opposed to greed, in assuring its spread. Using the examples of child labor, corruption, excessive' executive pay, corporate earnings manipulation, and commercial activities by universities, this paper clarifies the role of competition in promoting censured conduct. When unethical behavior cuts costs, competition drives down prices and entrepreneurs' incomes, and thereby reduces their willingness to pay for ethical conduct. Nonetheless, I suggest that competition might be good for ethical behavior in the long run, because it promotes growth and raises incomes. Higher incomes raise the willingness to pay for ethical behavior, but may also change what people believe to be ethical for the better"--National Bureau of Economic Research web site.
Subjects
The Richest Man in Babylon
As a man thinketh
The science of getting rich, or, financial success through creative thought
Die protestantische Ethik und der Geist des Kapitalismus
Roughing It
The Art of War
Frequently Asked Questions
Who is the author of Does competition destroy ethical behavior??
Does competition destroy ethical behavior? was written by Andrei Shleifer.
When was Does competition destroy ethical behavior? published?
The publication date for this specific edition is 2004. The original work may have been published on a different date.