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Responding To Deception: The Case Of Fraud In Financial Markets, Elisabeth Brooke Harrington
Responding To Deception: The Case Of Fraud In Financial Markets, Elisabeth Brooke Harrington
Brooke Harrington
The economic history of the 21st century reads like a litany of Biblical plagues: instead of locusts,frogs and boils, we have Enron, WorldCom and Tyco, followed by the options-backdating scandal, and now the sub-prime mortgage meltdown. It is perhaps even more disheartening to realize that American investors are still in much the same position as Emerson was over 150 years ago: dismayed to find themselves on the receiving end of deceptive corporate practices. BusinessWeek summed up this crisis in financial markets with the headline: “Can You Trust Anybody Anymore?”
Introduction: Beyond True And False, Elisabeth Brooke Harrington
Introduction: Beyond True And False, Elisabeth Brooke Harrington
Brooke Harrington
It seems fitting to follow Murray Gell-Mann’s Foreword with a story involving two other illustrious physicists. During the 1940s, Leó Szilárd—who discovered the nuclear chain reaction—decided to keep a diary of his work on the Manhattan Project. He told Hans Bethe, one of his colleagues on the project, that he didn’t intend to publish the diary, but only “to record the facts for the information of God.” “Don't you think God knows the facts?” Bethe asked. “Yes,” Szilárd responded, “He knows the facts, but He does not know this version of the facts.”
Trust And Estate Planning, Elisabeth Brooke Harrington
Trust And Estate Planning, Elisabeth Brooke Harrington
Brooke Harrington
This paper offers a fresh perspective on the connection between professional work and socio-economic inequality by tracing the emergence of the trust and estate planning profession in America. Unlike studies of inequality and the professions that focus on the status attainment of individuals and their families, or on labor market segregation, this paper explores professional work as a means of creating and reproducing larger systems of socio-economic stratification. Trust and estate planners contribute to macrolevel inequality by helping wealthy clients accumulate large fortunes and pass them on to their descendants; this, in turn, has shaped the status and composition of …