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Could fiscal policy changes revive US economic growth? Some contributions towards answering that question

By Institute Staff “As analysts across the industrialized world contemplate the political consequences of anemic long-term growth patterns, media and policy conversations are showing renewed interest in the question of whether the fiscal austerity policies shaped by orthodox economics are themselves helping restrain growth.”… [Click HERE to read the full article]

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theAIRnet shows UN panel buybacks’ damage to innovation in pharma

Drug companies’ perennial claim that high prices are key to funding innovation is exposed as a smokescreen for disproportionate payouts to shareholders and executives in “Life Sciences? How ‘Maximizing Shareholder Value’ Increases Drug Prices, Restricts Access, and Stifles Innovation,” the first of two papers submitted by The Academic-Industry Research Network to the UN Secretary-General’s High-Level […]

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To Boost Investment, End S.E.C. Rule That Spurs Stock Buybacks

By William Lazonick “U.S. corporate profits abound, but for most Americans, prosperity can’t be found. Open-market repurchases — stock buybacks — are central to the problem. From 2004 to 2013, 454 companies in the S&P 500 Index expended 51 percent of their profits, or $3.4 trillion, on repurchases, on top of 35 percent of profits on […]

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How superstar companies like Apple are killing America’s high-tech future (interview of William Lazonick)

By Lynn Parramore “Few would argue that America’s fortunes rise and fall on its ability to put ideas to work and then bring them to market. William Lazonick, professor of economics at the University of Massachusetts Lowell, and Matt Hopkins, research associate at the Academic-Industry Research Network, have investigated what has gone wrong in America’s […]

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What Apple Should Do with Its Massive Piles of Money

By William Lazonick “An Open Letter to Tim Cook, CEO of Apple Dear Mr. Cook, In a recent article posted on this website, I criticized Carl Icahn’s call for your company to intensify its stock buybacks. In this letter, I’d like to explain more fully why I view the $51 billion already spent by Apple on open market (including […]

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The dirty little secret of how CEOs enrich themselves at your expense (Interview of William Lazonick)

By Lynn Parramore “Everyone from Warren Buffett to Robert Reich is talking about a favorite Wall Street trick called stock buybacks. But what are they and what do they mean to you? William Lazonick is a leading expert on the history of the American business corporation. A professor of economics at the University of Massachusetts Lowell, where he directs the Center […]

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