Something for Nothing Arbitrage and Ethics on Wall Street [Hardcover]

InA leading financial economist attempts to counterbalance the impression that modern finance is at best ethically challenged or at worst fatally flawed, a perception bolstered by the constant barrage of financial scandals. . . . . O'Hara . . . whose qualifications and contributions are recognized in the world of finance as well as academia, is concerned with exploring the gray areas between an ethical approach to financial transactions and behavior sanctioned by law. Identifying where such lines are drawn opens the door to a provocative and stimulating discussion of the kinds of ambiguous situations that arise almost daily in the financial sector, as well as the economy at large.Sophisticated.From a leading financial economist, a searching examination of the ethics of modern finance.