Financial accounting has one quite simple goal: to give investors and other outsiders an honest report on a company’s performance and management’s stewardship. Accurate accounting (“transparency”) is something that we Americans preach to other nations as an essential precondition for successful capitalism. In practice, of course, it’s enormously difficult to reduce to a handful of […]
Louis Lowenstein
Louis Lowenstein, the Rifkind Professor Emeritus of Finance and Law at
Columbia University and a former corporate CEO and member of corporate boards,
is the author of What's Wrong with Wall Street.
Posted inEconomic Policy
The Predators’ Accomplice: How High Theory Abetted Speculative Excess
The prosecutor builds a case against academic apologists for the casino economy.
