All Posts Tagged With: "GM"
Getting in Deeper
In what the Wall Street Journal calls “a watershed moment for government intervention in the private sector,” the Federal Reserve announced in October that it will regulate executive compensation at all banks so they will not have incentives to take on too much risk. Meanwhile, the Obama administration said it would cut by half (on [...]
5Jan2010 | Sheldon Richman | 1 comment | ContinuedPolitical Bankruptcies: How Chrysler and GM Have Changed the Rules of the Game
The topic of corporate bankruptcy law scarcely titillates the imagination of ordinary citizens, even those with a deep interest in constitutional and public affairs. Harried people treat bankruptcy almost dismissively as a useful way of winding up firms that cannot keep their financial heads above water. In practice they sense rightly that the corporate bankruptcy [...]
18Nov2009 | Richard A. Epstein | 12 comments | ContinuedBen Bernanke Saved the Day?
Instead of being “brave,” Bernanke has been reckless, just like a young driver playing “chicken.” There is a huge difference between bravery and bravado, and Bernanke’s actions reflect the latter not the former.
28Oct2009 | William L. Anderson | 3 comments | ContinuedGovernment Motors
Government Motors by Michael Heberling Michael Heberling (mheber01@baker.edu) is president of the Baker College Center for Graduate Studies in Flint, Michigan. If Washington owns it, it just can’t keep its hands off. —Senator Lamar Alexander Twenty-five years ago President Reagan told auto workers in Orion, Michigan, “You’ve demonstrated when the chips are down, what people [...]
23Oct2009 | Michael Heberling | 6 comments | ContinuedWal-Mart Wasn’t Always the Biggest
John Semmens (jsemmens@cox.net) is a transportation policy analyst at the Laissez Faire Institute in Arizona. Editor’s note: As we went to press, and as if to illustrate the point of the following article, Fortune released its 2006 list of largest corporations, showing Exxon Mobil, not Wal-Mart, on top. For all the gnashing of teeth over [...]
1Aug2006 | John Semmens | 2 comments | ContinuedHenry Ford, Upton Sinclair, and Limits on Consumer Choice
Richard Coffman and Ashley Lyman are associate professors of economics at the University of Idaho. Early in the twentieth century two prominent Americans, one a capitalist, the other a socialist, enunciated surprisingly similar views on the relationship between product differentiation and consumer welfare. The capitalist, Henry Ford, had revolutionized the young automobile industry, using mass-production [...]
1Feb2003 | and Richard B. Coffman | 1 comment | ContinuedThe Benefits of Outsourcing
Mr. Boland is a student, and Dr. Block a professor of economics, at the College of the Holy Cross in Worcester, Massachusetts. Imagine yourself an entrepreneur planning a new firm. After extensive market research, you decide to manufacture pencils. You begin selling them for five cents each. Your accountants have determined that it costs you [...]
1Jan1997 | and Brian Boland | 4 comments | ContinuedDoes Big Mean Bad? The Economic Power of Corporations
Professor Mathews teaches economics at Brunswick College, Brunswick, Georgia. Fortune magazine annually presents its “Fortune 500” list of the 500 largest corporations. To some people, the Fortune 500 is a twisted tribute to the most greedy and baneful institution that capitalism offers: the big corporation. Critics of capitalism and big corporations often assert that such [...]
1Feb1996 | Don Mathews | 2 comments | Continued-
The Latest
Contraception: Insuring the Uninsurable
Update below. Controversy rages over the Obama administration’s mandate that all employers – including... Read More
The Snow Plowers’ Petition
The following might have happened in a small college town in upstate New York… In a cold and snowy... Read More
Super Bowl versus Education?
In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend... Read More
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
