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- Title
IMMORAL HAZARD.
- Authors
Teubner, Jonathan D.
- Abstract
The article focuses on the concept of moral hazard and its application in the financial industry, particularly in the context of bailouts and risky behavior. It explores the historical origins of moral hazard, its evolution as an economic concept, and questions the effectiveness of using moral hazard as a deterrent for future risky behavior. The article argues for holding decision-makers for their actions and suggests a shift in focus from future behavior to past and present accountability.
- Subjects
MORAL hazard; FINANCIAL services industry; FINANCIAL bailouts; GOVERNMENT policy; RISK-taking behavior; MATERIAL accountability
- Publication
Hedgehog Review, 2023, Vol 25, Issue 2, p12
- ISSN
1527-9677
- Publication type
Article