Abstract
Forensic Economics has become a full-fledged field of economics over the past 35 Years, and the quality of forensic economic analysis is far superior to what existed in the 1980s. There are ethical and professional practice standards in the legal world involving conflicts of interest, due diligence, confidentiality and disclosure. I would like to think that the field has risen to the challenges presented by the legal system by internally producing those techniques and knowledge necessary to accurately calculate such damages and by adopting a code of professional practice and ethics.
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Notes
- 1.
See, Robert Thornton and John Ward, “The Economist in Tort Litigation”, The Journal of Economic Perspectives, spring 1999, V. 13, N. 2, pp. 101–112 for a survey paper on the economist in litigation.
- 2.
Our web page is at www.johnwardeconomics.com. The name of NAFE was changed to the National Association of Forensic Economics in 1991 to recognize the membership of CPA’s, vocational experts and finance experts.
- 3.
The NAFE webpage is at www.NAFE.net
- 4.
The AAEFE web page is at www.aaefe.org
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© 2016 Springer Science+Business Media Dordrecht
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Ward, J.O. (2016). Ethics and Forensic Economics. In: Searing, E., Searing, D. (eds) Practicing Professional Ethics in Economics and Public Policy. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-7306-5_12
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DOI: https://doi.org/10.1007/978-94-017-7306-5_12
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