Moral hazard exists when a party to a transaction has an incentive to take unusual business risks because they are unlikely to suffer potential consequences.

Moral injury can occur if someone does or witnesses something that violates their personal moral beliefs. They may feel guilty, ashamed, or angry or feel that they have experienced a betrayal. The ...

When we look back at the beliefs and practices of our ancestors, we are often shocked at what they found morally acceptable: the public torture of criminals, the trading of slaves, and the subjugation ...

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Despite his love of hosting, conversation, and fine dining, Kant’s house was unadorned and austere. He had only one picture, which hung above his bureau. This picture was of Jean-Jacques Rousseau, who ...

The paperwork moves. The hearings proceed. The professionals fulfill their roles. The institutions continue operating. Everyone reassures themselves that they are “doing their job.” Yet beneath the ...