International workshop series on the German system of co-determination organized by WZB, theAIRnet, and IGZA

Together with the Berlin Social Science Center (Wissenschaftszentrum Berlin für Sozialforschung-WZB), the Academic-Industry Research Network (theAIRnet), and the Institute for the History and Future of Work (Institut für die Geschichte und Zukunft der Arbeit-IGZA) organized the German-American workshop series “The…

Toward a System of Balanced Capitalism – Can Japan Avoid the Dangers of “Financialization”?

“…What Went Wrong in the US: the Phenomenon of Financialization The above problems are all seen as associated with the ongoing trend toward large firm value extraction, as opposed to value creation. These terms were coined by William Lazonick, author…

#2. How effectively is global capacity being utilized? Is there any idle capacity to press into service?

by Öner Tulum, William Lazonick, and Ken Jacobson                           Despite vaccines’ significant public-health benefits, sales of all vaccines accounted for less than four percent of $872 billion in prescription-drug…

Innovation in Real Places

Across the world, cities and regions have wasted trillions of dollars on blindly copying the Silicon Valley model of growth creation. Since the early years of the information age, we’ve been told that economic growth derives from harnessing technological innovation. To do this, places must create good education systems, partner with local research universities, and attract innovative hi-tech firms. We have lived with this system for decades, and the result is clear: a small number of regions and cities at the top of the high-tech industry but many more fighting a losing battle to retain economic dynamism.