Advertisement

Ethical Dimensions of Forensic Economics

  • Frank D. Tinari
Chapter

Abstract

This chapter examines the nature of ethical dilemmas faced by forensic economists. It first discusses the various pressures to act unethically that economic experts may encounter. Many of these pressures are addressed by the Statement of Ethical Principles and Principles of Professional Practice (SEP) promulgated by the National Association of Forensic Economics and a comparable statement issued by the American Academy of Economic and Financial Experts. The chapter identifies some principles in the SEP that are not generally practiced by non-forensics consultants. Also explored are the various forms that unethical behavior takes as well as its internal and external motivating factors. The chapter concludes with an examination of the ethics-supporting mechanisms embedded in the adversarial processes of tort litigation.

Keywords

Unethical Behavior Economic Damage Financial Expert Economic Expert Ethical Violation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Colella, F., Johnson, W. D., & Tinari, F. D. (1995). Attorney perspectives on the use of economic experts: survey results. Journal of Forensic Economics, 8(1), 13–23.Google Scholar
  2. DeMartino, G. (2011). The economist’s oath: On the need for and content of professional economic ethics. New York: Oxford University Press.CrossRefGoogle Scholar
  3. DeMartino, G. (2013). Professional economic ethics: The Posnerian and Naïve perspectives. Journal of Forensic Economics, 24(1), 3–18.CrossRefGoogle Scholar
  4. Hanson, K. (2015, November). The ethical challenges facing entrepreneurs. Wall Street Journal, 23, R1–R2.Google Scholar
  5. Ireland, Thomas R. University of Missouri-St.Louis web page: http://www.umsl.edu/divisions/artscience/economics/ForensicEconomics/useful.html.
  6. Johnson, W. D. (1991). Qualifications, ethics and professional responsibility in forensic economics. Journal of Forensic Economics, 4(3), 277–285.CrossRefGoogle Scholar
  7. National Association of Forensic Economics. (2004, October 1). Statement of ethical principles and principles of professional practice. Available at www.nafe.net.
  8. Sattler, E. L. (1991). Economists, ethics and the marketplace. Journal of Forensic Economics, 4(3), 263–268.CrossRefGoogle Scholar
  9. Thornton, R. J., & Brookshire, M. L. (2013). NAFE and the ethics question. Journal of Forensic Economics, 24(1), 19–23.CrossRefGoogle Scholar
  10. Tinari, F. D. (1993). Competition for forensic economists and their ethical behavior. Journal of Forensic Economics, 6(3), 263–269.CrossRefGoogle Scholar
  11. Tinari, F. D. (2010). The practice of forensic economics: An introduction. Eastern Economic Journal, 36(3), 398–406.CrossRefGoogle Scholar
  12. Tinari, F. D. (2014, April). A comment on George DeMartino’s “professional economic ethics: The Posnerian and Naïve perspectives”. Journal of Forensic Economics, 25(1), 91–97.CrossRefGoogle Scholar
  13. Ward, J. O., & Thornton, R. J. (2013). Can statements of ethical principles and codes of practice make a difference? The results of a NAFE survey. Journal of Forensic Economics, 24(1), 25–39.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2016

Authors and Affiliations

  • Frank D. Tinari
    • 1
  1. 1.Seton Hall UniversityFlorham ParkUSA

Personalised recommendations