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…
AIR ANALYSIS
Comments on economic issues and developments published by AIR researchers and affiliates
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…
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,”…
The Real Book About the “White Working Class”
In a Racket News interview with Matt Taibbi, Les Leopold, Executive Director of the Labor Institute and an associate of the Academic-Industry Research Network, discusses his latest book, Wall Street’s War on Workers.
What the UAW and Everyone Else Need to Know About CEO Pay
What is GM CEO Mary Barra’s take-home pay? AIRnet researchers Matt Hopkins and William Lazonick explains it’s more than you are being told! “In striking General Motors (GM), Ford, and Stellantis, the United Auto Workers (UAW) has put the spotlight…
Investing in Innovation
Confronting Predatory Value Extraction in the U.S. Corporation by William Lazonick Business corporations interact with household units and government agencies to make investments in productive capabilities required to generate innovative goods and services. When they work harmoniously, these three types…
Tea Petrin, July 9, 1944-April 4, 2023.
With profound sadness, I am informing the AIRnet community of the passing on April 4, 2023, of Tea Petrin, a dedicated board member of the Academic-Industry Research Network since its founding in 2010. A professor at the University of Ljubljana…
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…
