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…

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….

Innovation in Real Places

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.

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

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…