National Bureau of Economic Research. 3

The third article, continues the downward spiral.  There, Alexander Dyck, Adair Morse, and Luigi Zingales in “Who Blows the Whistle on Corporate Fraud?” suggest that government regulators are not very effective in rooting out corporate fraud, and, what is worse, rational expectations of investors are not very active either.  The authors recommend giving more incentives to whistleblowers.  This recommendation certainly must be wrong.  What corporation needs such meddling? The decline in the standards of economics generally upheld by the National Bureau of Economic Research must be reversed.

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