Maryann P. Feldman is the Watts Professor of Public Policy and Management at the Watts College of Public Service and Community Solutions at Arizona State University and research director at the Global Center for Technology Transfer. Professor Feldman chairs the…
Author: Oner Tulum
William Lazonick joins Ralph Nader Radio Hour to discuss about “License to Loot”
On June 3, 2023, William Lazonick was Ralph Nader’s guest for his weekly talk show broadcast on the Pacifica Radio Network to talk about buybacks as “License to Loot.” Click HERE for the podcast to listen to this interview.
Losing Out in Critical Technologies: Cisco Systems and Financialization
by Marie Carpenter and William Lazonick Once the global leader in telecommunication systems and the Internet, over the past two decades the United States has fallen behind global competitors, and in particular China, in mobile- communication infrastructure—specifically 5G and Internet…
Sick with “Shareholder Value”: US Pharma’s Financialized Business Model During the Pandemic
by William Lazonick and Öner Tulum On August 16, 2022, Congress passed the Inflation Reduction Act, which, among other things, enables Medicare to negotiate the prices of certain high-cost prescription drugs, beginning in 2026.[1] Even though it is just one…
From Financialisation to Innovation in UK Big Pharma
AstraZeneca and GlaxoSmithKline by Öner Tulum, Antonio Andreoni and William Lazonick The tension between innovation and financialisation is central to the business corporation. Innovation entails a ‘retain-and-reinvest’ allocation regime that can form a foundation for stable and equitable economic growth….
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…
Leonhard Kersten
PhD candidate and Researcher, Université Sorbonne Paris Nord & The Academic-Industry Research Network (theAIRnet) Leonhard Kersten is a PhD candidate in the Economics department at the Université Sorbonne Paris Nord in France. His research focuses on the evolution of the…
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…
Kenneth J. Lipartito
Kenneth J. Lipartito is Professor of History at Florida International University. He has held academic positions at Middlebury College, Rice University, and the University of Houston. A specialist in business and economic history and the history of technology, his work…
Boeing’s Deadly Design | American Greed
William Lazonick interview on “Boeing’s Deadly Design,” an episode of American Greed aired by CNBC on January 26, 2022. [Click HERE to read more]