Thin Political Markets: The Soft Underbelly of Capitalism
提出“薄政治市场”概念，指企业管理者凭借专业优势、公众低关注度，自利地塑造会计标准等关键制度，导致资本主义制度合法性受损，并探讨修复方案。
“Thin political markets” are the processes through which some of the most complex and critical institutions of our capitalist system are determined—e.g., our accounting-standards infrastructure. In thin political markets, corporate managers are largely unopposed—because of their own expertise and the general public's low awareness of the issues. This enables managers to structure the “rules of the game” in self-serving ways. The result is a structural f aw in the determination of critical institutions of our capitalist system, which, if ignored, can undermine the legitimacy of the system. This article provides some ideas on how to fix the problem.