Jacques Gansler’s take on congressional micromanagement
Congress has not in recent years demonstrated a willingness to delegate fiscal authority to operating managers in the DOD. On the contrary, Congress has tended […]
fred thompson
Why cost accounting does not guarantee efficiency
But accurate accounts will not guarantee efficiency. Even if — as is unlikely to be the case [Sourwine 1993; 1994]– the service supplier’s financial and […]
Real costs are defensive effort, risk aversion, lack of initiative, and failed partnernships
Opportunism, the pursuit of self-interest by means of duplicity and guile, is a key concept in neo-institutional economics (Williamson, 1967, 1985). It manifests itself in […]