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Full-Text Articles in Business Law, Public Responsibility, and Ethics

The Marginal Cost Of Funds With Nonseparable Public Spending, Shaghil Ahmed, Dean D. Croushore Apr 1996

The Marginal Cost Of Funds With Nonseparable Public Spending, Shaghil Ahmed, Dean D. Croushore

Economics Faculty Publications

This article provides new calculations of the welfare effects of fiscal changes when the publicly provided good is nonseparable in utility and production so that it affects economic agents' marginal decisions. The authors' results show that these nonseparabilities significantly alter the marginal cost of funds (MCF) that previous studies have calculated. The authors also report estimates of the nonseparable marginal benefits (NSMB) associated with aggregate government purchases. The net marginal cost offunds (NMCF ), which is equal to MCF - NSMB, is in general positive over a wide range of parameter values that encompass empirically relevant specifications. Thus the nonseparable benefits by ...


Business Leadership And Moral Imagination In The Twenty-First Century, Joanne B. Ciulla Jan 1996

Business Leadership And Moral Imagination In The Twenty-First Century, Joanne B. Ciulla

Jepson School of Leadership Studies articles, book chapters and other publications

My assignment in this year's series on "Moral Values: The Challenge of the Twenty-First Century" is to talk about moral values in a free society and the challenge for business leaders in the twenty-first century. My perspective on this topic is as a philosopher and educator. I also speak as a consultant who has developed corporate programs on ethics and leadership, primarily in the financial services industry. The focus of my presentation is on the issues that need to be addressed in order to educate the next generation of leaders.