By William Lazonick Lack of stable and remunerative employment opportunity results in socioeconomic precarity. A nation can mitigate socioeconomic precarity when the investment triad of household units, government agencies, and business corporations develop and utilize its productive capabilities. Within the…
Author: Oner Tulum
Valérie Berset-Price
Valérie Berset-Price is a doctoral candidate at the Grenoble School of Management. Her research focuses on the understanding and interpretation of the impact M&A and stock buybacks have on chronic layoffs in the United States. Valerie is a Swiss-American citizen…
Reed Young
Reed Young is a marketing and operations professional currently living in Buenos Aires, but planning to move back to Cambridge soon. He holds a BBA in Operations and Information Management from the University of Massachusetts Amherst and is working on…
Wally Patawaran
Wally Patawaran, MPH Principal, Cobourg Advisors Wally Patawaran advises non-profits and philanthropic foundations on issues of strategy, implementation, communications, impact measurement, systems thinking, and evaluation. He is an accredited professional coach, and a published author on next-generation foundation practices and…
The Attack on US Healthcare: How Predatory Value Extraction by Public Equity and Private Equity Renders Healthcare Goods and Services Low Quality and High Cost
By William LAZONICK and Öner TULUM SUMMARY The US healthcare system is under attack. Of course, for more than a decade, Congressional Republicans have been threatening to put an end to Obamacare, but they have never proposed a plan to…
The New Economy Business Model and the Tension Between Innovation and Financialization in Research-Intensive Corporations
This working paper investigates the tension between innovation and financialization in the U.S. pharmaceutical industry, focusing on how excessive value extraction undermines medicine development and exacerbates inequalities in access and affordability. By examining the evolving role of the stock market…
The Rhetoric and Reality of Shareholder Democracy and Hedge-Fund Activism
by Jan-Sup Shin In this Element, AIRnet’s Jan-Sup Shin investigates the historical and systemic roots of hedge-fund activism. It argues that the spirit of the New Deal financial regulations was subverted in the 1980s and 1990s in the name of…
Jonas Algers
Jonas Algers is a PhD student at the division for Environmental and Energy Systems Studies at Lund University, Sweden where he studies the political economy of steel decarbonization. Algers have participated in a number of research projects, most recently the…
AIRnet researchers ask: What Is a “Fair” Drug Price?
This new Institute for New Economic Thinking (INET) blog piece by AIRnet researchers William Lazonick and Öner Tulum explores the complex issue of drug pricing, particularly the ongoing negotiations between Medicare and pharmaceutical companies. In this blog piece based on…
Elon Musk and Tesla Shape America’s Future, but Problems Run Deeper than Tweets
In this insightful INET blog piece, Lynn Parramore interviews AIRnet President William Lazonick about Tesla’s role in shaping America’s future. Drawing on Lazonick and Matt Hopkins’ INET-funded working paper, “Tesla as a Global Competitor: Strategic Control in the EV Transition,”…
