Abstract
A stampede of merger and acquisition (M&A) transactions took place during the first six months of 2014. Whether this means growth ahead or irrationality remains to be seen. What hasn't changed is that the true measure of M&A activities will always be measured by the resulting economic growth. The game of “musical chairs” serves best when it leads to increased productivity and new jobs. When it creates some degree of monopoly and restraint on the consumer, it's bad news for our economic well‐being.© 2015 Wiley Periodicals, Inc.
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