Enronomics
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English[edit]
Etymology[edit]
Blend of Enron + economics, after Enron, a company that collapsed through accounting fraud.
Noun[edit]
Enronomics (uncountable)
- creative accounting, or accounting fraud
- 2007, George M. Frankfurter, Theory and Reality in Financial Economics, page 122:
- Alas, we are reduced to desperately seeking Toto, in need of someone to go behind the curtain and tell us that the wizard's name is enronomics.
- 2009, Congressional Record, V. 150, Pt. 9, June 2, 2004 to June 16 2004:
- Well, we do understand economics. We just do not understand Enronomics. The majority party unfortunately is forcing down the throats of consumers in this country Enronomics. They are allowing Enron to continue to pillage and burn the West Coast.
- 2011, Mollie Painter-Morland, René ten Bos, Business Ethics and Continental Philosophy, page 111:
- And, in the financial sector, this weakening continued as a blind eye was turned to the parallels between 'Enronomics' and the use of leveraged debt to engage in the creation and trading of exotic financial products.