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PUBLICATIONS

 BOOKS
L'industriePharmaceutique
L’INDUSTRIE PHARMACEUTIQUE: Règles, acteurs et pouvoir The Pharmaceutical Industry: Rules, Actors and Power (La Documentation française, 2014) 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 today an important part of its workforce. This study proposes an overview of pharmaceutical industry, essentially the French one, from the angle of the globalization of the economies and the regulation of the market for pharmaceuticals.
THE THIRD GLOBALIZATION - Can Wealthy Nations Stay Rich in the Twenty-First Century? (Oxford University Press, 2013)
Edited by Dan Breznitz and John Zysman
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 and technically jobs disappear to other parts of the world? Can they support themselves as they devote more and more economic resources to an aging population base? In The Third Globalization, eminent political economists Dan Breznitz and John Zysman gather some of the discipline’s leading scholars to assess the prospects for growth and prosperity among advanced industrial nations.
ECONOMICS FOR PEOPLE AND EARTH - The Auroville Case 1968-2008 (Auroville Social Research Centre, 2013)
by Henk Thomas and 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 of its commercial and services domains. It also gauges Auroville’s sustainability as a model of durable socio-economic development “for people and Earth”, and as an antidote for the all-pervading impact of global capitalism.
The Entrepreneurial State
THE ENTREPRENEURIAL STATE - DEBUNKING PUBLIC vs. PRIVATE SECTOR MYTHS (Anthem, 2013)by Mariana Mazzucato
This book debunks the myth of the State as a large bureaucratic organization that can at best facilitate the creative innovation which happens in the dynamic private sector. Analysing various case studies of innovation-led growth, it describes the opposite situation, whereby the private sector only becomes bold enough to invest after the courageous State has made the high-risk investments.The volume, which builds on the author’s work for a high-impact DEMOS report (substantially developed and extended), argues that in the history of modern capitalism, the State has generated economic activity that would not otherwise have happened, and has actively opened up new technologies and markets that private investors can later move into.

THE ENTREPRENEURIAL STATE (DEMOS, 2011)by Mariana MazzucatoThe prevailing opinion on public spending is that the state must be cut back to make room for entrepreneurship and innovation, to prevent the public sector ‘crowding out’ the private sector. This draws on the belief that the private sector is dynamic, innovative and competitive, in contrast to the sluggish and bureaucratic public sector.

 

The Entrepreneurial State challenges this minimalist view of economic policy. It finds that successful economies result from government doing more than just creating the right conditions for growth. Instead, government has a key role to play in developing new technologies whose potential is not yet understood by the business community. State-funded organisations can be nimble and innovative, transforming economies forever — the algorithm behind Google was funded by a public sector National Science Foundation grant…

 

La bataille des  télécom: Vers une France numérique - The battle to build a digital France (Economica, 2011)by Marie CarpenterIn 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 impetus was given by the program to provide “a telephone for all” in France in the 1970s. This initiative was launched and driven by the director general of the French telecommunication’s administration at the time, Gérard Théry. His memory of the decision to deploy the French telephone network throughout the country is one “driven by politics. It was a deliberate act of industrial policy, along with the Ariane rocket launch, nuclear power and the TGV fast-train network”. Two other major decisions taken at that time involved the complete digitalization of the telecommunications networks and the launch of the Minitel, the French telematics eco-system. France thus pioneered the era of the digital society.

RUN OF THE RED QUEEN - Government, Innovation, Globalization, And Economic Growth in China (Yale University Press, 2011)by Dan Breznitz and Michael MurphreeFew observers are unimpressed by the economic ambition of China or by the nation’s remarkable rate of growth. But what does the future hold?

This meticulously researched book closely examines the strengths and weaknesses of the Chinese economic system to discover where the nation may be headed and what the Chinese experience reveals about emerging market economies. The authors find that contrary to popular belief, cutting edge innovation is not a prerequisite for sustained economic vitality—and that China is a perfect case in point…

SUSTAINABLE PROSPERITY IN THE NEW ECONOMY?Business Organization and High-Tech Employment in the United States (Upjohn Institute Press, 2009).by William LazonickOver 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” (OEBM). And although NEBM has been central to the microelectronics revolution, it has also been a source of employment instability and inequity in the distribution of income. Lazonick explores the origins of the new era of employment insecurity and income inequality, and considers what governments, businesses, and individuals can do about it. He also asks whether the United States can refashion its high-tech business model to generate stable and equitable economic growth…

Journal Articles

* Martyn Roetter, “Global Broadband Benchmarking 2013: Best Practice Lessons for Governments,” Journal of Information Policy, Volume 3, 2013

* William Lazonick and Edward March, “The Rise and Demise of Lucent Technologies“, Business and Economic History On-Line, Volume 9, 2011

* William Lazonick and Öner Tulum, “US Biopharmaceutical Finance and the Sustainability of the Biotech Business Model“, Research Policy, 40, 2011

* William Lazonick, “The Explosion of Executive Pay and the Erosion of American Prosperity“Entreprises et Histoire, 57, 2010

* Dan Breznitz and Michael Murphree, “Run of the Red Queen: How China Innovates“China Economic Quarterly, September 2010

* William Lazonick, “The New Economy Business Model and the Crisis of US Capitalism” Capitalism and Society, 4, 2, 2009

* Dan Breznitz and Michael Murphree, “Run of the Red Queen: How China InnovatesChina Economic Quarterly, September 2010

* William Lazonick, “The New Economy Business Model and the Crisis of US CapitalismCapitalism and Society, 4, 2, 2009

AIR Working Papers


* William Lazonick, “How Stock Buybacks Make Americans Vulnerable to Globalization” AIR Working Paper #16-03/01

* William Lazonick, “Innovative Enterprise or Sweatshop Economics? In Search of Foundations of Economic Analysis” AIR Working Paper: #15-11/01 (Revised March 2016)

* William Lazonick, “The Theory of Innovative Enterprise: A Foundation of Economic Analysis” AIR Working Paper #13-02/01 (Revised August 2015)

* William Lazonick, Matt Hopkins & 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 

Conference Presentations & Proceedings

William Lazonick, “Who Needs a Theory of Innovative Enterprise?,” paper presented at the conference of the International Schumpeter Society, University of Queensland, July 2-5, 2012.
 
William Lazonick, “Financialization of the US Corporation: What We Have Lost, and How It Can be Regained”, paper presented at the conference on The Future of Financial/Securities Markets, Seattle University School of Law, held at the University of London, UK, June 15, 2012.
 
William Lazonick and Yin Li, “China’s Path to Indigenous Innovation,” paper presented at the annual conference of the Society for the Advancement of Socio-Economics, MIT, June 28, 2012.
Pelin Demirel, Mariana Mazzucato, Stuart Parris, Alan Shipman, Roberto Simonetti, Massimiliano Tancioni, “Insights from: SELECTION WP 2: Co-Evolution of Industry Dynamics and Financial Dynamics,” presentation at the FINNOV Final Conference on Financing Innovation and Growth: Reforming a Dysfunctional System, London, Feby 1-2, 2012.
William Lazonick, “Impatient Capital in US Economy,” presentation at the FINNOV Final Conference on Financing Innovation and Growth: Reforming a Dysfunctional System, London, February 1-2, 2012.
Nina Shapiro and William Milberg, Implications of the Recent Financial Crisis for Innovation, paper presented at ASSA meetings, Chicago, Illinois, January 8, 2012.
William Lazonick, “Impatient Capital in US Industry,” presentation at the International Conference on Regulating Finance for Economic Development, International College of Renmin University of China, Suzhou, China, December 19-20, 2011.
Henrik Glimstedt, “Ericsson, 1990-2010: A Study in Patient Capital,” presentation at the International Conference on Regulating Finance for Economic Development, International College of Renmin University of China, Suzhou, China, December 19-20, 2011.
Kaidong Feng and Qunhong Shen, “The evolution of firms and their resource allocation for innovation: The impacts of institutional change,” presentation at the International Conference on Regulating Finance for Economic Development, International College of Renmin University of China, Suzhou, China, December 19-20, 2011.
William Lazonick, “Corporate Resource Allocation for a Prosperous Economy: Why Those Jobless Recoveries Won’t Go Away,” paper contributed to the project on “Innovation and Production: Reviving U.S. Prosperity” of the CONNECT Innovation Institute, San Diego, December 2011.
Marie Carpenter and William Lazonick, “Alcatel-Lucent as a Global Competitor”, will be presented at the annual meeting of the Industry Studies Association, Pittsburgh, May 31-June 3, 2011.
Jyrki Ali-Yrkkö, Petri Rouvinen, and Timo Seppälä, “Nokia and the Evolution of Cellular Telephony”, will be presented at the annual meeting of the Industry Studies Association, Pittsburgh, May 31-June 3, 2011
Henrik Glimstedt, “The Resurgence of Ericsson and the Emergence of Huawei”,will be presented at the annual meeting of the Industry Studies Association, Pittsburgh, May 31-June 3, 2011
William Lazonick, “The Innovative Enterprise and the Developmental State: Toward an Economics of ‘Organizational Success’,” Institute for New Economic Thinking AnnualConference: “Crisis and Renewal: International Political Economy at the Crossroads,”MountWashington Hotel, BrettonWoods, NH, April 8-11, 2011.
Yin Li, “Firm strategy, financial institutions and industrial development: business organizations in the Chinese semiconductor industry,” paper presented at the International Conference on Financialization, Financial Systems and Economic Development, November 9, 2010, Beijing, Renmin University of China.
Rong Wang and Fenglin Zhang, “Research on technology innovation of the large state-owned manufacturing enterprises in China: Case studies on Shenyang Machine Tool Co. Ltd. and Shenyang Blower Works Group Co. Ltd.,” paper presented at the International Conference on Financialization, Financial Systems and Economic Development, November 9, 2010, Beijing, Renmin University of China.
Kaidong Feng and Qunhong Shen, “Reform of firms and resource allocation for innovation: the case of the Chinese power equipment industry,” paper presented at the International Conference on Financialization, Financial Systems and Economic Development, November 9, 2010, Beijing, Renmin University of China [A version of this paper was published as “From Production Capacity to Technological Capability: An Institutional and Organisational Perspective,” International Journal of Technology Management, 51, 2-4, 2010].

Reports


Tea Petrin, “Final Report of the Synergies Expert Group”, Expert Group on Synergies Between FP7, CIP and the Cohesion Policy Fund: Synergies Expert Group (SEG), June 2011. (co-authored)
Tea Petrin, “European Cluster Policy Group Final Recommendations - A Call for Policy Action”, European Cluster Policy Group,  September 2010. (co-authored)
 Others

Yifei Sun in collaboration with 12 scholars including William Lazonick and Yu Zhou, “Chinese Ways of Innovation and the Challenges of Understanding Research and Innovation in the 21st Century,” 2020 Vision White Paper to the National Science Foundation, August 2010.
William Milberg, “Global Value Chains: Governance and Policy Implications” Post- Hearing Statement to the U.S. International Trade Commission Pursuant to Investigation No.332- 325, The Economic Effects of Significant Import Restraints: Seventh Update, December 20th, 2010.
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