why can't Enron be explained using the (relatively mainstream) theory of the principal/agent problem?
------------------------
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
> -----Original Message-----
> From: Ian Murray [mailto:[EMAIL PROTECTED]]
> Sent: Thursday, February 13, 2003 12:25 PM
> To: pen-l
> Subject: [PEN-L:34694] re: What is wrong with the mainstream
> economics?
>
>
> 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)
>
>
