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  

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; Swiss Finance Institute; Compass Lexecon; Risk Management Consulting Services, Inc.

Date Written: 2003

Abstract

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

Suggested Citation

Hanke, Steve H. and Culp, Christopher L., Empire of the Sun: An Economic Interpretation of Enron's Energy Business (2003). Cato Institute Policy Analysis, No. 470, February 2003. Available at SSRN: https://ssrn.com/abstract=2204697

Steve H. Hanke (Contact Author)

Johns Hopkins University - Department of Economics ( email )

3400 Charles Street
Baltimore, MD 21218-2685
United States
410-516-7183 (Phone)
410-516-8996 (Fax)

Christopher L. Culp

Johns Hopkins University - Institute for Applied Economics, Global Health, and Study of Business Enterprise ( email )

3400 N. Charles Street
Baltimore, MD 21218
United States

Swiss Finance Institute ( email )

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland

Compass Lexecon ( email )

332 South Michigan Avenue
Suite 1300
Chicago, IL 60604
United States

Risk Management Consulting Services, Inc. ( email )

1501 N. State Pkwy., No. 7A
#7A
Chicago, IL Illinois 60610
United States
3125877163 (Phone)

HOME PAGE: http://www.rmcsinc.com

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