Journal of Private Enterprise

Articles from Vol. 16, No. 2, Spring

Analyzing Annual Reports Using a Value-Added Approach to Classroom Diversity
The monumental challenge of meeting diverse needs in an accounting "service" course motivated a change in teaching perspective. Group activities and case studies may be used to force interaction among students. There are wonderful teaching tools but...
Buyer and Seller Beware!
What system of product liability suits the market process best? What system educates the consumer best about the essence of the market economy? Since in a paper as brief as this one, no comprehensive discussion of product liability and the liability...
Case Studies in Accounting for MBAs: Computer-Assisted Instruction
The case method of instruction offers a unique opportunity to develop sound business judgment, but certain cases are conceptually difficult, particularly time-consuming and tedious for students to prepare. As a result, effective and efficient classroom...
Consolidation in Banking and Financial Services: The Demise of Glass-Steagall
What is the long-run equilibrium structure of the banking industry after the termination of the Glass-Steagall Act? Obviously we do not know the answer to this question now, but some intelligent speculation may illuminate our thinking about this question...
Does Information on the Internet Weaken the Case for Consumer Protection Regulation?
. . . the real issue is whether [consumer] protection is best provided by 'regulation' or by 'free competition.'Manuel F. Cohen(Stigler and Cohen, 1971,21)Just about everything we've ever done that has to do with communication and information has been...
Do Students Learn More Where Parents Have More Educational Choices?
Educational freedom is sometimes accused of being an ideological term, so let me frame it in an analytic context. There have been several school choice experiments in the last few years.1 These experiments had a structure that yielded quality results...
Free Markets on Film: Hollywood and Capitalism
A wonderful example of the power of capitalism to create markets, and to transform an existing undertaking while creating fabulous wealth in the process, is the rise of the American film industry. Today, Hollywood makes films that generate in excess...
Hayek's Slippery Slope Is There a Third Way?
The interest in Friedrich Hayek's famous book, The Road to Serfdom (Hayek, 1944), written in the early 1940's has waxed and waned over the intervening years. Recently, however, there has been a decided renaissance of interest in the book. This interest...
Innovative Faculty Homepages That Provide Multiple Benefits to Students
As technology becomes increasingly common in the educational process, faculty homepages should provide creative, beneficial results. They can provide students and other interested parties with new means of achieving educational skills. This paper works...
Learning Market Skills through Simulation
Recently there has been a growing interest in business games, experiments, and simulations. Some research papers have been published in an attempt to provide an introduction to experimental methods, an assessment of available methods and the usefulness...
Protests, Progress, and Democracy: Some Economics of Expressed Discontent
One of the seemingly incongruous facts of human existence is that relatively free nations with market oriented economies are sometimes wracked by widespread expressions of discontent, including heated debate, mass demonstrations, political agitation,...
Teaching/Learning Finance: Lab, Laptops, and Links
Seniors in Financial Management should be acquainted with the tools for performing financial analyses. The challenge to their professors is to assist them in learning to select and integrate these tools as a financial analyst and a competent source of...
Technology and the Labor Market: Past, Present, and Future
In his Six Centuries of Work and Wages: The History of English labour, James E. T. Rogers (1884, p. 495) describes the following incident from the early nineteenth century:Thus in 1811-12, stocking and lace frames had been applied to the staple manufactures...
The Business Plan as Senior Project: Helping Communities in Crisis
Small communities face economic problems. The best graduates often move to metropolitan areas; while attracting new ventures is oftentimes futile. It is the rare small community that has no empty retail storefronts.A practical solution might have been...
The Use of Private Enterprise within a Public University Environment: A Case for a Student Unit Manager Team Approach
When it comes to employing free enterprise techniques in agriculture departments, public universities are many times constrained by state laws that prohibit them from using the most cost efficient method to achieve the desired result, or so it seems....
Using Economics and Literature to Understand Changing Perceptions about the Individual's Relation to Society
When we teach principles of economics, we commonly assert that economists assume individuals are primarily motivated by rational selfinterest and then we carefully explain how a market system will lead us "as if by an invisible hand" to create maximum...