Dr. Perryman explains how Texas has created a positive environment for business, as well as some considerations as the state hopes to maintain this position.
Many factors contributed to Texas' business-friendly environment that led to many companies moving to the state, says Dr. Perryman.
America's largest corporations have long been focused almost exclusively on increasing shareholder value. That goal was rooted in traditional notions of market theory that purportedly held that pursuing self-interest would ultimately secure optimal outcomes. Even the architects of this doctrine, including Adam Smith, recognized many occasions where this approach needed to be broadened, and the realities of contemporary life make that point abundantly clear.