Yergin and Joseph Stanislaw have produced a book that is fundamentally optimistic that markets will continue to be the driving force behind world events, and that price decision-making will eventually prevail over political decision-making.
Recent mergers and acquisitions reach out and touch everyone. In turn, everyone wants to participate in the wave of executive soul-searching. It's true that parties affected by large transactions can occasionally assist in refining corporate values. But make no mistake about the dynamics of control: almost anyone would claim a seat at the bargaining table for a chance of lucrative reward. These seats are in fork's range of shares of the pie.
The most talked-about financial failure of the year is Long-Term Capital Management, an investment partnership (loosely termed a hedge fund) run by Wall Street darling John Meriwether.
Recorded at the Toronto Stock Exchange; September 16-17, 1999.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
