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…
AIR BOOKS
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…
Run of the Red Queen
By Dan Breznitz and Michael Murphree Few observers are unimpressed by the economic ambition of China or by the nation’s remarkable rate of growth. But what does the future hold? This meticulously researched book closely examines the strengths and weaknesses of the…
La bataille des télécom: Vers une France numérique
By Marie Carpenter In 1967, the French telecommunications administration had less than 4 million subscribers, all of them in France. Today, France Télécom Orange has 200 million clients throughout the world. How did this small state utility become one of…
Sustainable Prosperity in the New Economy?
By William Lazonick Over the past three decades, the information and communication technology (ICT) industries have propelled the growth of the U.S.economy. In the process there has been a dramatic transformation in the dominant mode of business organization that characterizes…