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Ethical Challenges in an Economic Slowdown

Patricia Harned | February 12, 2008

Rising numbers of mortgage defaults, growing business inventories, declining consumer confidence, falling interest rates, and roller-coaster trading sessions—without question, few economic indicators are heading in the right direction these days. Regardless of the terminology we will ultimately use to define this period in our economic development, it also doesn’t appear that the situation is going to change anytime soon.

If you are like me, you read the headlines and think about your credit cards, retirement fund, and property value. But are you thinking about the ethics of the situation?

You should be. After all, our current situation is ethics-related. Whether any of the events that put us in our current economic funk broke any laws or regulations outright remains to be seen. Regardless, the situation is laden with ethics-related decisions. Ethics is always involved if the outcome of a decision affects another person.

And no...

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