Friday, September 21, 2018
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To get a more in-depth description of any term in the Glossary, as well as a list of articles that relate to the term, just click on the term in the list of Terms below. You’ll be taken to a page that contains the Term, the Longer Description, and a list of articles related to that topic.


Moral license is the psychological phenomenon of excusing bad behavior that is balanced by good behavior. Thus, a corporate raider who bankrupts a company may excuse the behavior to themselves by contributing heavily to a charity. It is distinct from moral hazard in which a disproportionate weight is given to one side in a dispute because of their power, not the value of their contribution. If a government, for example, supports a business or a country or a political party in a dispute, the business may then act inappropriately because it has the weight of the government's support behind hit.