Dangerous Pursuits: Mergers and Acquisitions in the Age of Wall Street

Adams (Michigan State U.) and Brock (economics, Miami U., Ohio) compared the practice to musical chairs—making profit by trading ownership rather than investing in new plants, research and development, or new capital formation—and warned that it was being played under clouds ominously heavy with national and corporate debt. The 1989 edition was published by Pantheon. Annotation ©2003 Book News, Inc., Portland, OR