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The Economics of Henry Ford May Be Passe

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The Economics of Henry Ford May Be Passe
Topic: Business 7:11 am EDT, Apr  5, 2006

"One's own employees ought to be one's own best customers," Mr. Ford said. "Paying high wages," he concluded, "is behind the prosperity of this country."

This turned into a pillar of 20th-century economic wisdom. It's time to ask, though, whether Mr. Ford's big idea is as ill suited to this century as his car company seems to be.

The Economics of Henry Ford May Be Passe



 
 
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