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http://www.thecrimson.com/article.aspx?ref=506836 American… - “Nightwatch” [entries|archive|friends|userinfo]
"Praxeology rests on the fundamental axiom that human beings engage in conscious actions toward chosen blah blah blah blah blah teh market!"

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[May. 11th, 2005|03:05 pm]
“Nightwatch”
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http://www.thecrimson.com/article.aspx?ref=506836

American economics study has increasingly become a pseudoscience of mathematical formula manipulation that is devoid of humanity. This economics has conquered America’s business education and become fused with the robber baron culture of greed supremacy. American MBAs are taught to treat ordinary employees as disposable costs and to swallow uncritically the gospel that corporations exist only to reward abstract stockholders. MBAs are taught the pretend-science of manipulating accounting, finance, employees, customers, and stock prices. Financial games and hostile takeovers of competitors are taught to accomplish corporations’ sole objective—to make money and manipulate stock prices. Such a mistaken view of corporations has caused the dismal decline of American auto manufacturers while Toyota and Honda widen their market shares and profits in America, pursuing their goals of expanding employment and technological innovations.
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