Skip to content

Hammurabi’s code, ~3800 years ago, removed the agency problem as a condition for transaction: "If a builder builds a house and the house collapses and causes the death of the owner – the builder shall be put to death. If it causes the death of the son of the owner , a son of that builder shall be put to death."Everything in past 100 years has been to shield managers from liabilities. Think of Fukushima.

Hammurabi’s code, ~3800 years ago, removed the agency problem as a condition for transaction: “If a builder builds a house and the house collapses and causes the death of the owner – the builder shall be put to death. If it causes the death of the son of the owner , a son of that builder shall be put to death.”
Everything in past 100 years has been to shield managers from liabilities. Think of Fukushima.

Post a Comment

Your email is never published nor shared. Required fields are marked *
*
*