Empire of the Sun: An Economic Interpretation of Enron's Energy Business
Steve H. Hanke
Johns Hopkins University - Department of Economics
Christopher L. Culp
Johns Hopkins University - Institute for Applied Economics, Global Health, and Study of Business Enterprise; Ecole Polytechnique Fédérale de Lausanne - Swiss Finance Institute; Compass Lexecon
Cato Institute Policy Analysis, No. 470, February 2003
The collapse of Enron Corporation has been portrayed as the result of accounting fraud and greed. Not everything that Enron did, however, was wrong or fraudulent. Fraud contributed to the timing of Enron's failure but was not the root cause of that failure. In analyzing Enron, it is critically important to distinguish what Enron did wrong from what it did right.
Number of Pages in PDF File: 19
Keywords: Steve Hanke, Cato Institute, Enron, Corporation, Collapse
Date posted: January 23, 2013
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