Word: morall
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...Moral hazard n.-- The idea that people may take more risks when they know there's a safety net in place...
USAGE: "Administration officials say it is impossible to help large groups of borrowers without introducing some degree of what has come to be known as moral hazard." --Wall Street Journal...
...distinguish between moral attitudes and personality traits in terms of the extent each are molded by influences outside the home. What sets them apart? It hinges on the distinction between socialization and personality development. The strongest influence on morality is the local culture or subculture. But this influence may be different in different situations. For example, according to the local culture, it might be okay to cheat on a test in school but not okay to cheat in sports. Socialization adapts children to their culture - they learn to behave in the manner approved by their culture...
...responsibility and moderation where excess once reigned. After the meeting, Sarkozy said that "the violence of the [economic] crisis, its depth, call for really profound changes." He also claimed the European objective going into the G20 meeting is to " to start capitalism again from scratch, [and] make it more moral...
...Real humanity takes place in the practice of everyday life, in the fine textures of workaday relationships. It is awfully difficult. Service can’t be used to balance off an imagined moral ledger sheet or to cancel out privileges we feel bad about. Instead, we should try to avoid accumulating too much vulgar privilege in the first place—a quantity that isn’t measured in crude indexes like money or education or employment, but in the degree to which our social behavior trends either toward humility or toward hierarchism...