Many codes of ethics attempt to alter or reinforce standards of behavior. An economist wouldn't argue with the codes but would probably note that:
A) the codes need to be posted in every office to be effective.
B) codes will never in any circumstances help.
C) designing an organizational architecture with proper incentives is more important.
D) the laws of supply and demand usually require that codes of ethical behavior are tertiary artifacts.

Question

Quizplus · Accepted Answer

While codes of ethics can be useful, an economist would likely argue that designing an organizational architecture with proper incentives is more important in shaping behavior. This is because individuals are strongly motivated by incentives, and if the incentives are aligned with ethical behavior, individuals are more likely to act in accordance with those standards. Simply having a code of ethics without proper incentives may not be effective in changing behavior.

Many Codes of Ethics Attempt to Alter or Reinforce Standards