Trust and Honesty
America's Business Culture at a Crossroad
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Product details:
- Publisher OUP USA
- Date of Publication 14 August 2008
- ISBN 9780195371703
- Binding Paperback
- No. of pages264 pages
- Size 152x231x17 mm
- Weight 386 g
- Language English
- Illustrations 12 tables 0
Categories
Short description:
America's culture is moving in a new and dangerous direction, as it becomes more accepting and tolerant of dishonesty and financial abuse. Tamar Frankel argues that this phenomenon is not new; in fact it has a specific traceable past. During the past thirty years temptations and opportunities to defraud have risen; legal, moral and theoretical barriers to abuse of trust have fallen. She goes on to suggest that fraud and the abuse of trust could have a widespread impact on American economy and prosperity, and argues that the way to counter this disturbing trend is to reverse the culture of business dishonesty. Finally, she presents the following thesis: If Americans have had enough of financial abuse, they can demand of their leaders, of themselves, and of each other more honesty and trust and less cynicism. Americans can reject the actions, attitudes, theories and assumptions that brought us the corporate scandals of the 1990s. Though American society can have "bad apples," and its constituents hold differing opinions about the precise meaning of trust and truth, it can remain honest, as long as it aspires to honesty.
MoreLong description:
America's culture is moving in a new and dangerous direction, as it becomes more accepting and tolerant of dishonesty and financial abuse. Tamar Frankel argues that this phenomenon is not new; in fact it has a specific traceable past. During the past thirty years temptations and opportunities to defraud have risen; legal, moral and theoretical barriers to abuse of trust have fallen. She goes on to suggest that fraud and the abuse of trust could have a widespread impact on American economy and prosperity, and argues that the way to counter this disturbing trend is to reverse the culture of business dishonesty. Finally, she presents the following thesis: If Americans have had enough of financial abuse, they can demand of their leaders, of themselves, and of each other more honesty and trust and less cynicism. Americans can reject the actions, attitudes, theories and assumptions that brought us the corporate scandals of the 1990s. Though American society can have "bad apples," and its constituents hold differing opinions about the precise meaning of trust and truth, it can remain honest, as long as it aspires to honesty.
Tamar Frankel sounds a warning that America's commitment to minimal standards of good faith in business dealing is being progressively eroded, with Enron and World Com being only the tip of a very large iceberg. Disturbingly this corruption has been tolerated or even justified by decision-makers and opinion formers. Frankel provides a diamond-clear analysis, drawing on a deep knowledge of law, business, ethics, philosophy, sociology, and economic theory. She has produced a compelling case for American business, law and economics to make an account of the soul and repent.
Table of Contents:
Part I: The Eroding Trust, Truth, and Culture of Honesty
The Spreading Abuse of Trust and Deception
Old and New Concerns
Towards Abuse of Trust and Mistrust
Towards Deception
Towards a Different American Culture
Part II: Rising Opportunities and Temptations and Falling Barriers to Abuse of Trust and Deception
Rising Opportunities and Temptations
Falling Barriers to Abuse of Trust and Deception: The Shift to Weaker Morality, Weaker Law and Stronger Market Discipline
Falling Barriers to Abuse of Trust and Deception: The Hidden Changes in Legal Doctrine and Interpretation
The Shift from Professions to Businesses
In Markets We Trust
Why Did Legal Enforcement Fail to Stem the Avalanche of Fraud?
Towards an Honest Society
