Businessmen interested in long-run survival are more honest in their professional dealings than are many other groups in society—not because they are more virtuous, but because they face more effective constraints. Their customers can usually detect and avoid deception more easily than can a politician’s constituents, a professor’s students, and a preacher’s congregants.

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Other Independent Review articles by Dwight R. Lee
    Spring 2019   The Diversity Delusion
    Spring 2015   Making the Case against “Price Gouging” Laws
    Summer 2014   The Two Moralities of the Minimum Wage
[View All (11)]