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 universally accepted in order to be effective.
B)codes will never help under any circumstance.
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

An economist would likely argue that while codes of ethics are important, designing an organizational architecture with proper incentives is more crucial to regulating behavior. The economic approach focuses on how individuals respond to incentives, and therefore, creating the right incentives can be a more effective way to encourage ethical behavior than simply imposing codes. This does not mean that codes are not valuable, but rather, that they are only one aspect of promoting ethical behavior.

Many Codes of Ethics Attempt to Alter or Reinforce Standards