Wednesday, May 13, 2009

The Role of Government

I'm reading a biography of Alfred Sloan (head of GM from 1920's on). Turns out a big controversy then was over safety glass in windshields. Sloan objected, because customers didn't want it, as witness the fact they weren't willing to pay extra for it. (Similar to the 1950's, when Ford (under Robert McNamara) tried to sell a steering wheel with recessed center column, among other safety features, and couldn't.)

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