Despite last month's sell-off in emerging market asset prices, these markets are still pricing the emerging markets as if they were free of the risks that have traditionally characterized them.

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.

There are some issues on which accounting and finance professors disagree, but the expensing of employee stock options is not one of them.

Despite the pronouncements of a few renegades in our disciplines, there is near unanimity of opinion among scholars in the fields of accounting and finance that the value of employee stock options should be expensed on a firm's income statement at the time they are granted.

The federal government should pursue assistance programs that actually make sense.

The author discusses the impact of options policy on publicly traded firms and the economy.

Mandatory expensing of stock options will harm small businesses, drive talented managers and workers offshore, and harm the U.S. economy at a critical time.

Martin Neil Baily and Douglas J. Elliott's narrative--that a decline in risk aversion was the ultimate cause of the financial crisis--accounts for much of the risk taking that was observed in the period leading up to the crisis, but in the end it is no more than an interesting theory.