[PEN-L:2471] Re: Economies of sc

[jtreacy <jtreacy@xxxxxxxxxxxxxxxxx>]

Treacy: Now that NCR, headquartered here in Dayton got its old name and
	independence back this week from AT&T GLOBAL INFORMATION SYSTEMS,
	I pass on Jerry Pournolle's remark that if AT&T took over
	Kentucky Fried Chicken they would have used as an advertising
	slogan: Get Your Warm Dead Chicken Here.  An At&T man responded:
	No we would have said, get your HOT Dead Chicken here.
JTREACY@xxxxxxxxxxxxxxxxx COPYRIGHTED
On Fri, 19 Jan 1996, Peter.Dorman wrote:

> Re Baumol, contestable markets, and ATT: I read an article in the NEW YORK
> TIMES several years ago that listed prominent economists who were on retainer
> at ATT and received large amounts of money.  The quid pro quo included both
> testimony in the antitrust case and friendly research.  Baumol was on the
> list, but so was Ken Arrow.  Both, I recall, received hundreds of thousands of
> dollars.
>
> What we need is a well-documented history of the purchasing of economists by
> business in the U.S. and its effect on the direction of economic theory.
>
> Peter Dorman
>