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Predatory Value Extraction: How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored

By William Lazonick & Jang-sup Shin ◊ This book explains how an ideology of corporate resource allocation known as “maximizing shareholder value” (MSV), that emerged in the 1980s and came to dominate strategic thinking in business schools and corporate boardrooms, undermined the social foundations of sustainable prosperity, resulting in employment instability, income inequity, and slow productivity growth. […]

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China as an Innovation Nation

By Yu Zhou, Yifei Sun & William Lazonick (Editors) ◊ This volume assesses China’s transition to innovation-nation status in terms of social conditions, industry characteristics and economic impacts over the past three decades, also providing insights into future developments. Defining innovation as the process that generates a higher quality, lower cost product than was previously available, the introductory chapter […]

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L’INDUSTRIE PHARMACEUTIQUE: Règles, acteurs et pouvoir - The Pharmaceutical Industry: Rules, Actors and Power

By Marie-Claude Bergouignan, Matthieu Montalban, Andy Smith & Erdem Sakinç  ◊ With its significant economic weight, pharmaceutical industry is confronted today with many difficulties. Increasing market share of generic drugs, even more restrictive regulations which limit market authorization or ongoing development of biotechnologies are only some of the challenges to face for an industry which downsizes […]

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Corporate Governance, Employee Voice, and Work Organization

Corporate Governance, Employee Voice, and Work Organization – Sustaining High-Road Jobs in the Automotive Supply Industry

By Inge Lippert, Tony Huzzard, Ulrich Jurgens, & William Lazonick (Editors) ◊ Corporate Governance, Employee Voice, and Work Organization explores the dynamic relations between corporate governance, employee voice, and the organization of work in the automotive supply industry. It reports on research undertaken in three countries–Germany, Sweden, and the United States–that has sought to explore and compare historical […]

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ECONOMICS FOR PEOPLE AND EARTH – The Auroville Case 1968-2008

By Henk Thomas & Manuel Thomas  ◊  This book is the result of 15 years of research on Auroville’s economy. It outlines the principles envisaged by its founders, traces its history over the past four decades, investigates the growth of employment opportunities, offers a window on its economic activities through case interviews, and analyses the performance […]

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THE THIRD GLOBALIZATION – Can Wealthy Nations Stay Rich in the Twenty-First Century?

By Dan Breznitz & John Zysman (Editors)  ◊  Given the powerfully negative and ongoing impact of the Great Recession on western economies, the question of whether historically wealthy nations–the US, Western European countries, Japan–can stay wealthy has become an overriding concern for virtually every interested observer. Can their middle classes remain comfortable as more and more good […]

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La bataille des télécom: Vers une France numérique – The battle to build a digital France

By Marie Carpenter  ◊  In 1967, the French telecommunications administration had less than 4 million subscribers, all of them in France. Today, France Télécom Orange has 200 million clients throughout the world. How did this small state utility become one of the world’s global telecom operators?The transformation occurred over a period of decades but a major […]

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SUSTAINABLE PROSPERITY IN THE NEW ECONOMY? Business Organization and High-Tech Employment in the United States

By William Lazonick  ◊  Over the past three decades, the information and communication technology (ICT) industries have propelled the growth of the U.S.economy. In the process there has been a dramatic transformation in the dominant mode of business organization that characterizes ICT, as the “New Economy business model” (NEBM) has replaced the “Old Economy business model” […]

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