Pundits of late have been lamenting the decline of technological innovation. Has the rate of innovation in fact slowed down? And if so, how can we best revive it and speed up the rate of economic progress? Independent Institute Research Director Alex Tabarrok offers his penetrating insights on this hot topic in his new...
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Ten years ago, December 2, 2001, Enron declared bankruptcy. The company had used complex and non-transparent financial statements to misrepresent its earnings, to inflate the apparent value of its assets, and to keep liabilities off its books. When questions started arising, Enron began losing customers and its house of cards, built with fraudulent accounting,...
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