Saturday, June 30, 2012

Cracks in the Chicago School of Economics model?

Once again we revisit the apparently flawed Chicago School of Economics model.  I read a review in the NYT about "The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and Public" by Lynn A. Stout.

I have always believed that a balance between the shareholders, customers and employees was far better then a focus on just one of them.

Isn't it funny how if you have the Protestant Work Ethic (The necessity for hard work as a component of a person's calling and worldly success is a visible sign or result (not a cause) of personal salvation), it all falls into place.  If you don't work hard, nothing else really matters.

No comments: