This paper relates the story of the massive milk smuggling that occurred in Pennsylvania border towns during the 1950s and 1960s, and reports on more recent smuggling that occurred between Hong Kong and mainland China

Accounting education has become quite rigid, mostly because it is structured along the lines of a monopoly. The American Assembly of Collegiate Schools of Business (AACSB) has been granted a national monopoly by the Department of Education to accredit business programs and the six regional...

This paper applies economic analysis and rights theory to the movement of governments to regulate personal behavior in the areas of alcohol, tobacco and food consumption, free speech, gun ownership, sex, the body as property, the right to work. Utilitarianism and rights theory are also discussed

Practically every article that has ever been written about the economic, legal or ethical aspects of acquisitions and mergers has proceeded to discuss the topic from the viewpoint of the initiators, the predators, to use a pejorative term. Very little has been written about the individuals who...

Rule 501 (Acts Discreditable) of the AICPA's Code of Professional Conduct prohibits certain activities. Ostensibly aimed at protecting the public, Rule 501 is sometimes used to protect the public accounting profession, either at the expense of the general public or at the expense of some...

There are three main paradigms that are the basis for the industrial policies throughout the world: institutionalism, Marxism, and free- enterprise. Of the three, two have been widely and intensively implemented and both of them have dismally failed. Institutionalism and Marxism either are, or...

There are three main paradigms that are the basis for the industrial policies throughout the world: institutionalism, Marxism, and free-enterprise. Of the three, two have been widely and intensively implemented and both of them have dismally failed. Institutionalism and Marxism either are, or...

While most of the IFAC Code of Ethics provisions make a good attempt at protecting the public, the section on advertising and solicitation does just the opposite. It is blatantly self-serving and protectionist. It is anticompetitive and serves the private interests of accountants at the expense...

Numerous studies have found that trade sanctions are ineffective, and even at times counterproductive. President Jimmy Carter's ban on the sale of American wheat to Russia harmed U.S. farmers and benefited Canadian farmers. The long-standing sanctions against Cuba have denied American investors...

This paper examines the question of whether it is ethical for company officials to use the force of government to reduce or eliminate foreign competition, using the antidumping laws as a case study. Antidumping laws are ostensibly aimed at preventing foreign producers from dumping their products...