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”. (read more)
William Lazonick, “Profits Without Prosperity: Stock Buybacks Manipulate the Market and Leave Most Americans Worse Off,“ has received the HBR McKinsey Award for outstanding article in Harvard Business Review in 2014.
THE IDEA IN BRIEF
SPECIAL REPORT — Buybacks :From Basics to Politics
Leo W. Gerard, International President of the United Steelworkers (USW), explains why the company’s recent stock buyback plan is bad for America […]
In a Forbes.com article, Steve Denning explains why short-termism is NOT a myth, in response to James Surowiecki’s article appeared on […]
In a Delaware Online article on August 21, 2015, former U.S. Senator Ted Kaufman explains why stock buybacks contribute to the explosion in […]
By David Dayen, The Intercept, August 13, 2015 The Securities and Exchange Commission has admitted that it has no ability […]
* William Lazonick, Matt Hopkins and Ken Jacobson “The Burger Buyback King: McDonald’s Stock-Price Manipulation Makes Most Americans Worse Off ” AIR Working Paper #15-05/01
* William Lazonick “Labor in the Twenty-First Century: The Top 0.1% and the Disappearing Middle-Class” AIR Working Paper #14-08/01 (Revised February 2015)
* William Lazonick “Comments on the Draft of the 2014-2015 Revision of the OECD Principles of Corporate Governance” AIR Working Paper #15-01/01
* William Lazonick, Phil Moss, Hal Salzman and Oner Tulum “Skill Development and Sustainable Prosperity: Cumulative and Collective Careers versus Skill-Biased Technical Change” AIR Working Paper #14-12/01
* Matt Hopkins and William Lazonick “Who Invests in the High-Tech Knowledge Base?” AIR Working Paper #14-09/01
* William Lazonick “Taking Stock: Why Executive Pay Results in an Unstable and Inequitable Economy,” Roosevelt Institute White Paper, June 5, 2014
* William Lazonick “Innovative Enterprise and Shareholder Value” AIR Working Paper #14-03/01
* Matt Hopkins “The Makings of a Champion or, Wind Innovation for Sale: The Wind Industry in the United States 1980-2011″ AIR Working Paper #13-08/02
* Matt Hopkins and William Lazonick “Soaking Up the Sun and Blowing in the Wind: Clean Tech Needs Patient Capital” AIR Working Paper #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: #13-07/01
On July 30-31, Professor Masahiro Kotosaka of Ritsumeikan University and Professor William Lazonick of University of Massachusetts held the Japan Conference on Financial Institutions for Innovation and Development at the Osaka Ibaraki campus of Ritsumeikan University. The conference was funded by the Ford Foundation and the Graduate School of Business Administration, Ritsumeikan University.
On February 16-17, 2015, theAIRnet was involved in a workshop on Strategies for Innovation and Development (STRIDE) that seeks, ultimately, to create a transnational Master’s curriculum that trains professionals in government, business, and civil society in theoretical frameworks, research methods, and policy approaches for achieving stable and equitable economic growth.
On January 4, 2015, William Lazonick provided critical comments on the OECD’s 2014-2015 revision of its Principles of Corporate Governance.
Berlin Conference on Financial Institutions for Innovation and Development November 10-11, 2014 Sponsors: Ford Foundation & Hans Böckler Stiftung Organizers: Leonardo Burlamaqui, Michael Faust, Jürgen Kädtler, William Lazonick
On August 11-13, 2014, Bill Lazonick, president of theAIRnet, and two AIR associates, Kaidong Feng of Peking University and Yin Li of Georgia Institute of Technology, visited Huawei Technologies in Shenzhen, China, to learn about how, in just over 25 years, the company grew to become a world leader in communication equipment and China’s foremost example of a global high-tech competitor.