Abstract
In an [1974] article in The New York Times, columnist Leonard Silk suggested that the mammoth multinational energy companies suffered from the same fatal affliction as the dinosaurs — ‘a pea sized brain’. According to Silk these corporate mastodons relentlessly pursue the goal of ‘profit maximization’; nevertheless since ‘economics is not everything’ society cannot be at the mercy ‘of corporations that have no other purpose than profit maximization, however legitimate and useful that objective may be in a limited context’. (Silk, 1974)
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© 1991 Paul Davidson
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Davidson, P. (1991). The Price System, Conglomerate Energy Companies and OPEC. In: Davidson, L. (eds) Inflation, Open Economies and Resources. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11516-7_27
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DOI: https://doi.org/10.1007/978-1-349-11516-7_27
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