Innovation and Financialization in the U.S. Pharmaceutical Industry: A Perspective on the Integration of History and Theory in Support of a Prospectus on Collaborative Research

By William LAZONICK and Öner TULUM This perspective/prospectus essay, written for the Institute for New Economic Thinking, summarizes a body of knowledge growing out of an ongoing research collaboration between the Academic-Industry Research Network (AIRnet) and the Bentley University Center…

Investing in Innovation: Confronting Predatory Value Extraction in the U.S. Corporation

ABSTRACT  “Sustainable prosperity” denotes an economy that generates stable and equitable growth for a large and growing middle class. From the 1940s into the 1970s, the United States appeared to be on a trajectory of sustainable prosperity, especially for white-male…

Les Leopold

After graduating from Oberlin College and Princeton University’s School of Public and International Affairs (MPA 1975), Les co-founded the Labor Institute (1976), a non-profit organization that designs research and educational programs on occupational safety and health, the environment and economics…