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…
Author: Oner Tulum
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,”…
An Economist for Our Times: An Interview with William Lazonick
This in-depth interview with AIRnet President William Lazonick by Marie Carpenter and Mustafa Erdem Sakinç, published in the esteemed journal Revue de la régulation, explores his extensive contributions to the field of economics. From his early research on the British…
Lazonick: Stock Buy-Backs have Killed the Middle Class
AIRnet President William Lazonick joined Jane Miyasaki on the 8 O’Clock Buzz show on WORT FM to discuss the implications of Rule 10B-18 and its impact on stock buybacks. In the interview, Lazonick argued that stock buybacks allow executives to enrich…
Towards a New Baseline for Systems Thinking in Philanthropy
A recent blog post by Wally Patawaran, published in The Alef Field, a publication of the Alef Trust, explores the challenges and opportunities of systems thinking in philanthropy. The piece references the work of AIRnet researchers William Lazonick and Antonio…
Simona Iammarino
Simona Iammarino is Professor of Applied Economics at the Department of Economics and Business of the University of Cagliari, Italy; Visiting Professor at the Department of Geography & Environment of the London School of Economics (LSE); member of the Board…
