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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Moominoid who wrote (19175)5/19/2002 9:18:59 PM
From: Raymond Duray  Read Replies (1) of 74559
 
Hi David,

Re: Managerial Economics

I'm watching Prime Minister's Questions on CSPAN currently.

I love the irony. As I research Edwin Mansfield, an MP raises the question: "How come there are more managers than beds in the NHS (National Health Service)?"

PM Tony Blair had no good answer.....

Can we agree that there is a serious problem in the world where manager's are taking care of themselves to an extraordinary degree, and the businesses that they run are failing the public in dozens of basic ways, from the provision of basic health care to the way we provide a necessity like electricity as a commodity to be gamed for illegal profits?

It may well be time that the swindles of the public perpetrated by those would tend to the needs of managerial economics, and the high priest elite of corporate corruption ought to seek more noble goals than creating obfuscation and schemes to provide outrageous compensations for managers via schemes like stock option scams.

David, I'm curious. How many pages of the Mansfield text are devoted to a discussion of ethics? I'd hazard a guess that he's either excluded or whitewashed the matter of elementary morality as it applies to managerial economics. Am I wrong?

Best, Ray
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