TY - JOUR
T1 - The High Cost of Low Ethics:How Corruption Imperils American Entrepreneurship and Democracy
AU - Schramm, Carl
PY - 2006
Y1 - 2006
N2 - Corporate corruption threatens democracy and endangers the advancement of entrepreneurship as one of the fundamental traits of economic life in the United States. In this article, Carl J. Schramm proposes zero tolerance for unethical business behavior. Compared with war or medicine, business ethics seem relatively simple. Honor contracts. Treat customers fairly. Be truthful about the condition of a commodity. Be transparent to investors. This is just to say, there is a high price to pay for low ethics.
AB - Corporate corruption threatens democracy and endangers the advancement of entrepreneurship as one of the fundamental traits of economic life in the United States. In this article, Carl J. Schramm proposes zero tolerance for unethical business behavior. Compared with war or medicine, business ethics seem relatively simple. Honor contracts. Treat customers fairly. Be truthful about the condition of a commodity. Be transparent to investors. This is just to say, there is a high price to pay for low ethics.
M3 - Article
JO - Journal of Markets and Morality, Vol. 9, No. 2, pp. 277-291, Fall 2006
JF - Journal of Markets and Morality, Vol. 9, No. 2, pp. 277-291, Fall 2006
ER -