Market manipulation won’t be stopped by Socrates or Spinoza
Graduates must be warned of the serious risks of market abuse
The torrential flow of news about abusive practices – from Libor to foreign exchange and energy markets – is incessant. That is leading to soul searching, not just among industry insiders, but also among business school educators. The standard answer from the world of academia is the expansion of mandatory business ethics classes. I beg to differ. In my view, it's a waste of time and resources, unless such courses are seen as a means of educating more well-rounded and worldly individuals.
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