The Harmful Effects of Wasteful Spending

Hershey H. Friedman*, Dov Fischer, Sholom Schochet

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This paper examines the significant problems that result from wasteful spending, which include fiscal irresponsibility, deferred maintenance, and excessive executive compensation. Waste in areas such as health care, defense, higher education, and municipal government are studied. The authors conclude that executives and auditors should be as concerned with wasteful spending as fraud because the former can be as devastating to an organization as the latter.
Original languageAmerican English
Pages (from-to)7-20
Number of pages14
JournalReview of Contemporary Philosophy
Volume21
DOIs
StatePublished - 2022
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2022, Addleton Academic Publishers. All rights reserved.

ASJC Scopus Subject Areas

  • Philosophy

Keywords

  • fraud
  • health care
  • higher education
  • Pentagon
  • transit authority
  • wasteful spending

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