Niskanen (chairman of the Cato Institute) presents the second book to result from his organization's project assessing the major policy lessons to be drawn from the collapse of the energy giant Enron....This collection of 20 papers consider broader issuers of corporate governance and regulation, including accounting problems and their alternatives, the failure of the entire Enron auditing chain, provisions of the tax code that influence the character of executive compensation and promote the conditions leading to backruptcy, and corporate governance rules that have shifted power to corporate managers relative to shareholders over the past few decades. * Reference and Research Book News * This is a stimulating and insightful view of the weaknesses of corporate governance and their monitors, and of government policy related to recent corporate scandals. Recommended. * CHOICE * After Enron should be read by all those interested in the regulatory state and the workings of the market place. -- Frank Vibert * European Policy Forum * The big question in corporate governance these days is whether the pendulum has swung too far in the direction of regulation. It comes as no surprise to learn that the Cato Institute, the libertarian-minded Washington think tank, thinks it has. Cato has laid out its case in a book of short, accessible essays titled After Enron....It forces those of us who welcome most of these regulations to think hard and critically about them. * The Review of Higher Education *
