[tt] [FoRK] Here's a fun one: the economics of integrity

[Eugen Leitl]

----- Forwarded message from Jeff Bone <jbone at place.org> -----

From: Jeff Bone <jbone at place.org>
Date: Wed, 26 Sep 2007 15:18:21 -0500
To: Friends of Rohit Khare <fork at xent.com>
Subject: [FoRK] Here's a fun one:  the economics of integrity
X-Mailer: Apple Mail (2.752.2)
Reply-To: Friends of Rohit Khare <fork at xent.com>


A presentation of an analysis of integrity --- co-authored by the  
Michael Jensen ("father of private equity") and Werner Erhard, the  
founding father of EST.  Found this via a blog entry on the "cancer  
of short-term thinking" that is also of interest.

Paper:

  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=983401

Punch line:

"Any cost benefit analysis on honoring your word guarantees that you  
will be an untrustworthy person, and (with one trivial exception)  
that you will not be a person of  Integrity."

Blog article:

  http://trustedadvisor.com/blog/235/1/


Enjoy...


jb

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Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
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