[lbo-talk] Walmart/War about oil?

Eubulides paraconsistent at comcast.net
Mon Apr 12 17:08:15 PDT 2004


----- Original Message ----- From: "Doug Henwood" <dhenwood at panix.com>

No, I think it's rational profit-maximizing behavior. Rational in the narrow sense of capitalistic rationality, of course, but from their POV, it makes sense.

==========================

The profit maximization hypothesis is extremely problematic for theoretical and practical/empirical reasons. It's a mistake to impute homo economicus type agency to the Bushies or corporate managers.

Ian



More information about the lbo-talk mailing list