Mainstream economics, particularly it's theory[ies] of rationality-agency, cannot explain Enron-Enronomics, a firm designed using many tools of mainstream economics:
http://www.house.gov/jct/ Issue 7-03 2/13/03 ENRON REPORT The JCT has issued a 3-volume report: "Report Of Investigation Of Enron Corporation And Related Entities Regarding Federal Tax And Compensation Issues, And Policy Recommendations" (JCS-3-03; Volumes I, II & III)
