Corporate Welfare

Journal of Markets and Morality, Vol. 9, No. 2, pp. 337-346, Fall 2006

10 Pages Posted: 15 Oct 2007 Last revised: 21 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Jeanette Delery

affiliation not provided to SSRN

Date Written: July 19, 2011

Abstract

Welfare bums and welfare queens are by no means limited to the public housing projects. They are also to be found in the corporate boardrooms of some of the most prestigious business firms in the nation, but wherever found, this system is corrupting and inefficient. Government efforts to direct capital to its most productive uses have been a dismal failure, compared to private money managers and entrepreneurs. This is because the latter, but not the former, face a cruel market test every day, which weeds out inefficiency.

Keywords: welfare, corporations

JEL Classification: F130, I380, L530, P110, P160

Suggested Citation

Block, Walter E. and Delery, Jeanette, Corporate Welfare (July 19, 2011). Journal of Markets and Morality, Vol. 9, No. 2, pp. 337-346, Fall 2006. Available at SSRN: https://ssrn.com/abstract=1021282

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

Jeanette Delery

affiliation not provided to SSRN ( email )

No Address Available

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