CEOs Matter

The Atlantic has an article in its current edition that (kind of) argues that CEOs don’t matter as much to corporate performance as is believed by most interested parties. The argument that is presented against CEOs is really an argument against markets setting prices, and in favor of using academic analysis to do this. It is one small tile in a huge mosaic of intellectual opinion that is running against economic freedom.

I’m pretty unconvinced by the evidence it presents, and have a rebuttal up at Atlantic Business.