People generally believe that integrity is a matter of personal morality and has nothing to do with others, but personal morality is not just a personal issue. It also produces social effects through externalities-the debts that individuals receive may eventually be "retributed" to the whole From the perspective of society, from the perspective of institutional economics, a good economic system and governance mechanism should be able to suppress negative externalities, otherwise the economic order may go to collapse. Institutions and mechanisms should be used to make the initiators bear their due responsibilities instead of Let others or the entire market pay for it. The most accurate summary of the main point of this text is:. ['The personal character must be paid for by the whole society.', 'The economic system is of great significance to the economic order.', 'Integrity is both a social issue and an economic issue.', 'Institutions are needed to suppress negative externalities of dishonesty.']