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Risk and Ruin - Enron and the Culture of American Capitalism (Hardcover)
Loot Price: R884
Discovery Miles 8 840
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Risk and Ruin - Enron and the Culture of American Capitalism (Hardcover)
Series: American Business, Politics, and Society
Expected to ship within 10 - 15 working days
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At the time of its collapse in 2001, Enron was one of the largest
companies in the world, boasting revenue of over $100 billion.
During the 1990s economic boom, the Houston, Texas-based energy
company had diversified into commodities and derivatives trading
and many other ventures-some more legal than others. In the lead-up
to Enron's demise, it was revealed that the company's financial
success was sustained by a creatively planned and well-orchestrated
accounting fraud. The story of Enron and its disastrous aftermath
has since become a symbol of corporate excess and negligence,
framed as an exceptional event in the annals of American business.
With Risk and Ruin, Gavin Benke places Enron's fall within the
larger history and culture of late twentieth-century American
capitalism. In many ways, Benke argues, Enron was emblematic of the
transitions that characterized the era. Like Enron, the American
economy had shifted from old industry to the so-called knowledge
economy, from goods to finance, and from national to global modes
of production. Benke dives deep into the Enron archives, analyzing
company newsletters, board meeting minutes, and courtroom
transcriptions to chart several interconnected themes across
Enron's history: the changing fortunes of Houston; the shifting
attitudes toward business strategy, deregulation, and the function
of the market among policy makers and business leaders; and the
cultural context that accompanied and encouraged these broader
political and economic changes. Considered against this backdrop,
Enron takes on new significance as a potent reminder of the
unaddressed issues still facing national and global economies.
Published in cooperation with the William P. Clements Center for
Southwest Studies at Southern Methodist University.
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