Empire of the Sun: An Economic Interpretation of Enron's Energy Business
Cato Institute Policy Analysis, No. 470, February 2003
19 Pages Posted: 23 Jan 2013
Date Written: 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.
Keywords: Steve Hanke, Cato Institute, Enron, Corporation, Collapse
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