Narrow sense of violations of specific laws or precepts

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In a piece dated October 15, 2014 and released by the Indiana University Center on Congress, author and retired member of the US House of Representatives Lee H. Hamilton made the following comment about corruption in politics: “Maybe it’s time we looked to [the nation’s Founders] for guidance, and not think of corruption only in the narrow sense of violations of specific laws or precepts, but more broadly in terms of failing to pursue the common good.” Is there an economic cost to public corruption? Explain your answer and give one example that illustrates your point.

Reference no: EM13888347

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