Quote of the day
What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
Gardiner C. Means
Born: June 8, 1896
Died: February 15, 1988 (aged 91)
Bio: Gardiner Coit Means was an American economist who worked at Harvard University, where he met lawyer-diplomat Adolf Berle. Together they wrote the seminal work of corporate governance, The Modern Corporation and Private Property.
Known for:
- The Modern Corporation and Private Property (1932)
- A monetary theory of employment
- The Structure of the American Economy (1939)
- Pricing power & the public interest (1962)