All Posts Tagged With: "shareholders"
Inside Insider Trading
Insider trading is something we hear a lot about these days. To most people, the practice smells of foul play, and federal law restricts it. But the inside story of insider trading is something very different, as we shall see. The alleged ill effects on shareholders in particular and on the economy in general are [...]
22Dec2010 | Warren C. Gibson | 23 comments | ContinuedCommon Versus Government Property
A central contribution of Elinor Ostrom, which earned her a share of the 2009 Nobel Prize in economics, was to reclaim the commons as a legitimate form of property. (For more detail, see Peter Boettke’s December 2009 Freeman article.) Organization theorist Dick Langlois always makes it a practice in his European economic history class to [...]
19Apr2010 | Kevin A. Carson | 52 comments | ContinuedEconomic Calculation in the Corporate Commonwealth
The general lines of Ludwig von Mises’s rational-calculation argument are well known. A market in factors of production is necessary for pricing production inputs so that a planner may allocate them rationally. The problem has nothing to do either with the volume of data or with agency problems. The question, rather, as Peter Klein put [...]
1Jun2007 | Kevin A. Carson | 20 comments | ContinuedCapitalism: Still on Trial
It was not enough to defeat communism and cause all socialists to rethink their anti-capitalist strategy. Still the private-property market system is under sustained attack from the left. But this time the opposition has a more profitable approach. The aim is no longer to socialize everything, but to subject capitalism to a prolonged ethical assault. [...]
1Mar2005 | Norman Barry | 1 comment | ContinuedIs the Corporation a Free-Market Institution?
Is the modern large publicly traded business corporation compatible with a truly free market? The question itself may seem strange, even silly. Corporations are primary actors in what the media refer to as “the market economy.” Also, when the media refer to “the market,” they as often as not mean the stock exchange, which is [...]
1Mar2003 | Frank van Dun | 1 comment | ContinuedIronic Triangle
“No man’s life, liberty or property are safe while the legislature is in session.” -Unidentified New York Surrogate Court judge, 1866 “President Bush has strongly hinted that he will sign any bill that emerges from Congress.” -New York Times, July 17, 2002 Did you hear the one about the congressional committee that grilled the businessman [...]
1Oct2002 | Sheldon Richman | 0 comments | ContinuedEnron and the Law of the Market
People will learn lessons from the collapse of Enron. Some of these will be the wrong lessons. Critics of markets claim that the Enron debacle shows how “capitalism” is defective and proclaim that the government should increase the regulation of corporations and financial markets. There does need to be a change in government policy, but [...]
1May2002 | Fred E. Foldvary | 0 comments | ContinuedThe Logic and Morality of Takeovers
The late Norman Barry was a professor of social and political theory at the University of Buckingham in the UK. Of all the features of the market, the takeover process is still the most reviled. Assailed by moralists for encouraging greed and antisocial individualism and for breaking up stable communities; by some economists for its alleged [...]
1Jul2000 | Norman Barry | 0 comments | ContinuedThe Stakeholder Fallacy
Norman Barry is professor of social and political theory at the University of Buckingham in the UK. He is the author of Business Ethics (Macmillan, 1998). As the saying goes: “There is more than one way to skin a cat.” And former collectivists, embarrassed by the dismal failure of economic planning to provide any kind [...]
1Mar2000 | Norman Barry | 1 comment | ContinuedProtection for Bad Managers
Christopher Mayer, a commercial loan officer, is studying for his MBA at the University of Maryland. My home state of Maryland is considering adopting anti-takeover legislation to protect the small number of major corporations with headquarters in the state. The legislation would allow the directors of Maryland corporations to adopt defenses against takeovers without the [...]
1Aug1999 | Christopher Mayer | 1 comment | ContinuedDo Corporations Have Social Responsibilities?
John Hood is president of the John Locke Foundation, a public-policy think tank in North Carolina, and the author of The Heroic Enterprise: Business and the Common Good (Free Press, 1996). Businesses are accustomed to being criticized for neglecting their responsibilities to society. Complaints that private enterprise puts profit before people have long provided reliable [...]
1Nov1998 | John Hood | 26 comments | ContinuedHenry Grady Weaver’s Classic Vision of Freedom
John Hood is the president of the John Locke Foundation in Raleigh, North Carolina. He is the author of The Heroic Enterprise: Business and the Common Good (Free Press, 1996). This essay is an expanded version of Mr. Hood’s introduction to the third edition of The Mainspring of Human Progress by Henry Grady Weaver, published [...]
1Aug1997 | John Hood | 0 comments | Continued-
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