The Academic-Industry Research Network - theAIRnet
The Academic-Industry Research Network – theAIRnet – is a private, 501(c)(3) not-for-profit research organization devoted to the proposition that a sound understanding of the dynamics of industrial development requires collaboration between academic scholars and industry experts. We engage in up-to-date, in-depth, and incisive research and commentary on issues related to industrial innovation and economic development. Our goal is to understand the ways in which, through innovation, businesses and governments can contribute to equitable and stable economic growth – or what we call “sustainable prosperity”.  


Janet Williamson Ciaran Driver Peter Kenway

Featured Publications
Bookcover for the Third Globalization

The Third Globalization:
Can Wealthy Nations Stay Rich in the 21st Century?

Edited By Dan Breznitz & John Zysman

Corporate Governance, Employee Voice, and Work Organization

Inge Lippert, Tony Huzzard, Ulrich Jürgens & William Lazonick

Beyond Shareholder Value: The reasons and choices for corporate governance reform

Edited by Janet Williamson, Ciaran Driver & Peter Kenway 

Latest News


Why Germany Dominates the U.S. in Innovation
AIR associate Dan Breznitz summarizes why Germany is outcompeting the United States as an innovative economy.


One of CEOs’ Most Powerful Tools Is Starting to Look Dull
In a Time magazine article on May 21, Rana Foroohar cites and quotes Bill Lazonick's research on buybacks. 


Stock buybacks surge: Is that a good thing?
In this May 29 USA TODAY article, columnist John Waggoner interviews theAIRnet president William Lazonick and refers to his work on buybacks. 

Why Buffett Should Vote ‘No’ on Coke
On April 24, Rana Foroohar's interview with William Lazonick on the effects of buybacks on corporate compensation and inequality appeared in Time magazine.


Go to the Globe and Mail homepage

Share buybacks let income inequality grow
On April 4, journalist Eric Reguly's interview with theAIRnet president William Lazonick on the issue of share buybacks in relation to growing inequality appeared in The Globe and Mail.

Featured Videos

Bill Lazonick's  interview with Marshall Auerback at the Institute for New Economic Thinking headquarter in New York City.

Mariana Mazzucato and Anatole Kaletsky in the studio with Newsnight presenter Emily Maitlis

Bill Lazonick gave a talk at the World Economic Forum "Summer Davos" in Dalian, China on September 13, 2013.



AIR Working Paper Series

Recent Event
William Lazonick
"Innovative Enterprise and Shareholder Value"
AIR Working Paper Series #14-03/01
Matt Hopkins and William Lazonick
Soaking Up the Sun and Blowing in the Wind: Clean Tech Needs Patient Capital
AIR Working Paper Series #13-08/01
William Lazonick, Mariana Mazzucato and Oner Tulum
Apple’s Changing Business Model: What Should the World’s Richest Company Do with All Those Profits?"
AIR Working Paper Series #13-07/01
William Lazonick
The Theory of Innovative Enterprise: A Foundation of Economic Analysis"
AIR Working Paper Series #13-05/01
  Beijing Conference on Financial Institutions for Innovation and Development, October 17-­18, 2013

Co-­organizers: Institute of Policy and Management, Chinese Academy of Sciences & Ford Foundation

Chairs: William Lazonick and RongpingMU

Organizing committee: Leonardo Burlamaqui, Ford Foundation;
William Lazonick, University of Massachusetts; Rongping Mu, Chinese Academy of Sciences; Jiang Yu, Chinese Academy of Sciences; Yu Zhou, Vassar College 


News from theAIRnet

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theAIRnet is on YouTube now! Please visit theAIRnet Channel @ https://www.youtube.com/theairnetchannel

Economist Mariana Mazzucato argues that much of the technology underlying your trusty Apple smartphone was actually created in government labs. What does that mean for innovation in the future?