CEI: There’s Less Corruption In Business Than You Think

The Business Ethics Highlights features CEI's article on rent-seeking.

If the data show rent-seeking behavior by firms to be so effective, why don’t firms do more of it? This white paper from the Competitive Enterprise Institute is interesting because it encourages public choice economists to explore (as the authors call them) “morality-based explanations” and posits the existence of both a sense of decency and an implicit code of honor among business people. It could be used in a classroom environment to motivate a discussion about the behavioral assumptions we have about business people and how we interpret our experience of business