Buffalo Law Review Volume 54 Number 1 Article 3 5-1-2006 Measuring and Representing the Knowledge Economy: Accounting for Economic Reality under the Intangibles Paradigm Olufunmilayo B. Arewa Case Western Reserve University School of Law Follow this and additional works at: https://digitalcommons.law.buffalo.edu/buffalolawreview Part of the Business Organizations Law Commons Recommended Citation Olufunmilayo B. Arewa, Measuring and Representing the Knowledge Economy: Accounting for Economic Reality under the Intangibles Paradigm, 54 Buff. L. Rev. 1 (2006). Available at: https://digitalcommons.law.buffalo.edu/buffalolawreview/vol54/iss1/3 This Article is brought to you for free and open access by the Law Journals at Digital Commons @ University at Buffalo School of Law. It has been accepted for inclusion in Buffalo Law Review by an authorized editor of Digital Commons @ University at Buffalo School of Law. For more information, please contact
[email protected]. BUFFALO LAW REVIEW VOLUME 54 MAY 2006 NUMBER 1 Measuring and Representing the Knowledge Economy: Accounting for Economic Reality under the Intangibles Paradigm OLUFUNMILAYO B. AREWAt INTRODUCTION In some ways the history of Enron reflects a standard story of corporate fraud, malfeasance, and failed corporate oversight and governance. Any telling of this aspect of the Enron story might focus on the misrepresentations that were made by Enron about the nature of its business and business practices. These misrepresentations were reflected in Enron's securities disclosure, including its financial statements. However, this version of the Enron saga does not always take full account of an important element of the broader business context within which Enron operated.