Across the world, cities and regions have wasted trillions of dollars on blindly copying the Silicon Valley model of growth creation. Since the early years of the information age, we’ve been told that economic growth derives from harnessing technological innovation. To do this, places must create good education systems, partner with local research universities, and attract innovative hi-tech firms. We have lived with this system for decades, and the result is clear: a small number of regions and cities at the top of the high-tech industry but many more fighting a losing battle to retain economic dynamism.
AIR BOOKS
Shredding Paper
The Rise and Fall of Maine’s Mighty Paper Industry by Michael Hillard “From the early twentieth century until the 1960s, Maine led the nation in paper production. The state could have earned a reputation as the Detroit of paper production,…
Cooperation Networks and Economic Development
Cuba’s High-Tech Potential By Andrés Cárdenas O´Farrill “For most Western audiences, Cuba is a touristic paradise stuck in time and virtually detached from world technology networks by the US embargo – anything but a hub of industrial innovation and high…
Predatory Value Extraction
In this book William Lazonick and Jang-Sup Shin explain how an ideology of corporate resource allocation known as “maximizing shareholder value” (MSV), that emerged in the 1980s and came to dominate strategic thinking in business schools and corporate boardrooms, undermined…
China as an Innovation Nation
By Yu Zhou, Yifei Sun and William Lazonick (Editors) This volume assesses China’s transition to innovation-nation status in terms of social conditions, industry characteristics and economic impacts over the past three decades, also providing insights into future developments. Defining innovation as the…
L’industrie Pharmaceutique: Règles, acteurs et pouvoir
By Marie-Claude Bergouignan, Matthieu Montalban, Andy Smith and Erdem Sakinç With its significant economic weight, pharmaceutical industry is confronted today with many difficulties. Increasing market share of generic drugs, even more restrictive regulations which limit market authorization or ongoing…
Corporate Governance, Employee Voice, and Work Organization
By Inge Lippert, Tony Huzzard, Ulrich Jurgens, & William Lazonick (Editors) Corporate Governance, Employee Voice, and Work Organization explores the dynamic relations between corporate governance, employee voice, and the organization of work in the automotive supply industry. It reports on research…
Economics for People and Earth
By Henk Thomas and Manuel Thomas This book is the result of 15 years of research on Auroville’s economy. It outlines the principles envisaged by its founders, traces its history over the past four decades, investigates the growth of employment…
The Third Globalization
By Dan Breznitz and John Zysman (Editors) Given the powerfully negative and ongoing impact of the Great Recession on western economies, the question of whether historically wealthy nations–the US, Western European countries, Japan–can stay wealthy has become an overriding concern…
Management Innovation
William Lazonick and David J. Teece (Editors) Alfred D. Chandler, Jr. was, by general consensus, the pre-eminent business historian of the twentieth century. Through a prodigious body of work, Chandler made the study of the evolution of business enterprise integral…