Center for Economics and the Environment: Policy Series
Capitalism took the fall for Enron. Yet it is largely forgotten that this company had been a favorite of the environmental Left and an advocate/practitioner of the trendy notion of corporate social responsibility (CSR). Nonetheless, when the company collapsed in December 2001, Enron and its once-iconic chairman Ken Lay suddenly became Exhibit A against the teachings of Adam Smith, Ayn Rand, Milton Friedman, and other proponents of self-interest and voluntary exchange.
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Bradley, Robert L. Jr., "Corporate Social Responsibility and Energy: Lessons from Enron" (2008). Center for Applied Economics. 37.