Prepared for Presentation at
WEF/ESRC
Workshop on
Incentives and Governance in Global Finance
July 18-20, 2008
Radcliff House, University of Warwick
The central question is why there is a preference
for accountability solutions in response to financial
market problems. In the process of dealing with
the issue I explore an alternative to the Rational
Choice Theory models that currently dominate approaches
to questions such as this one. This leads me to
Adam Smith's Theory of Moral Sentiments as the basis
of a possible alternative model which is loosely
developed and applied here to discussions of financial
panics and the challenges of globalization.
Draft: Do
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