Trust and Honesty

Trust and Honesty : America's Business Culture at a Cross Road

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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 more

Product details

  • Hardback | 263 pages
  • 160 x 243.8 x 27.9mm | 476.28g
  • Oxford University Press Inc
  • New York, United States
  • English
  • 12 tables
  • 019517173X
  • 9780195171730

About Tamar T. Frankel

Tamar Frankel is Professor of Law at Boston University. She is also the author of Securitization: Structured Financing, Financial Assets Pools, and Asset-Backed Securities (1991) and co-author of The Regulation of Money Managers (2001), and Investment Management Regulation (2003).show more

Table of contents

Part I: The Eroding Trust, Truth, and Culture of Honesty; 1. The Spreading Abuse of Trust and Deception; 2. Old and New Concerns; 3. Towards Abuse of Trust and Mistrust; 4. Towards Deception; 5. Towards a Different American Culture; Part II: Rising Opportunities and Temptations and Falling Barriers to Abuse of Trust and Deception; 6. Rising Opportunities and Temptations; 7. Falling Barriers to Abuse of Trust and Deception: The Shift to Weaker Morality, Weaker Law and Stronger Market Discipline; 8. Falling Barriers to Abuse of Trust and Deception: The Hidden Changes in Legal Doctrine and Interpretation; 9. The Shift from Professions to Businesses; 10. In Markets We Trust; 11. Why Did Legal Enforcement Fail to Stem the Avalanche of Fraud?; 12. Towards an Honest Societyshow more

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