150 Results for “William Lazonick”

The Idea That Businesses Exist Solely to Enrich Shareholders Is Harmful Nonsense

How corporate raiders coopted “shareholder democracy” for their own ends

An Open Letter to Tim Cook, CEO of Apple

The financialization of U.S. firms making critical products endangers both American global leadership and, in Tesla’s case, climate change progress.

What will empower a worker to be able to make greater demands on a profitable economy or employer? The answer may be summed up in one word: leverage.

The $48 Billion Stock-Option Package and its Implications for the EV Transition

The Institute for New Economic Thinking has awarded $2 million in grants to fund 21 different projects as part of the latest round of its research grant program.

Contrary to pharmaceutical company claims, revenue from high insulin prices are going to shareholders, not R&D

Author Rana Foroohar explains why the economic policies being touted by both presidential frontrunners offer none of the new thinking necessary to drive a policy response to revitalize the economy

Why are we paying for corporate behavior that crushes innovation, cheats taxpayers, cost jobs, and heightens inequality?

Doctors and medical experts say private equity firms and profiteering corporations are putting American lives at risk and compromising the practice of medicine.

Medicare Needs a Perspective on “Collective and Cumulative Learning” in Inflation Reduction Act Negotiations

How Penrosian Learning Confronts the Neoclassical Fallacy

Notes from the Institute’s Director of Research on some significant papers and contributions produced in 2016 under the INET rubric 

There is much for U.S. authorities to learn from the European example of forcing corporations to pay their fair share of taxes, but more far-reaching oversight of executives’ allocation of resources is also required

US regulators can step in to ensure drug pricing both supports patient access and drug development

Research funded by the Institute for New Economic Thinking has revealed that the SEC reports executive compensation using a formula that routinely undercounts it

New approaches are being developed, but efforts are fragmented and need to be brought together if we hope to piece together a paradigm. 

From the perspective of innovative enterprise, we ask how Musk might abuse his power of strategic control—and what that would mean for corporate governance reform.

To fulfill MLK’s vision of jobs and freedom for Black Americans, Washington must rein in corporate greed

Since the 1980s, the enemy of equal employment opportunity through upward socioeconomic mobility has been the pervasive and entrenched corporate-governance ideology and practice of maximizing shareholder value.

The Young Scholars Initiative and its working groups will be hosting meetings and discussions in and around the 2017 Trento Festival of Economics. 

Apple should be returning profits to workers who have invested their time and effort into generating its products and to taxpayers who have funded the investments in the physical infrastructure and human knowledge so critical to Apple’s success.

Evidence shows pharmaceutical companies won’t stop price-gouging and risking American lives for financial gain in this time of crises – unless we force them.

In the face of  laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.

The prevailing stock market ideology enriches value extractors, not value creators

That’s the amount of buybacks U.S. corporations funneled to shareholders during the past decade—rather than invest in technologies for the common good. This article is being published jointly by INET and The American Prospect

Capacity, Scale, and Control

It’s time for business executives, employees, and taxpayers to come together to help get us out of the pandemic and create conditions for a sustainable and equitable future

The company’s focus on stock buybacks to increase shareholder value is a reminder of why so much of the value created daily by millions of workers ends up in the hands of the billionaires

Is it good for your wallet? A climate bill in disguise? Landmark action or nothingburger? Economic experts assess the Democrats’ legislative victory for the Institute for New Economic Thinking.

To strengthen the American semiconductor industry, Congress should condition additional funds on suspending stock buybacks

Workers, innovation, and productivity all suffer when corporations spend their new U.S. tax breaks on stock buybacks.

What we’re reading: A weekly scan of published items relevant to the Institute’s work

How the dream of a middle class existence collapsed, first for Blacks, then for more and more white American workers and what the Biden administration could do to retrieve the situation.

Current proposals will worsen inequality and harm those Trump promised to protect—while further enriching the top 1%

Much historical commentary emphasizes how pandemics restructure long-standing social and political arrangements. The observation applies to macroeconomics as well.

What is GM CEO Mary Barra’s take-home pay? (It’s more than you are being told)

Instead of rewarding the taxpayers and employees who actually create value for the tech giant, Apple is doling out massive stock buybacks

Public funding behind the technology is the secret ingredient.

Cisco’s turn from innovation to financialization and what it means for the competitive position of the US information-and-communication-technology industry

Reindustrialization vs Financialization

President Biden’s first SOTU Address was a missed opportunity to say what he knows to be true: Stock buybacks manipulate the market and leave most Americans worse off

Stock buybacks as a mode of predatory value extraction

History shows robust antitrust enforcement helps promote a prosperous, fair, and balanced economy. Antitrust expert Mark Glick explains how the U.S. went astray during the 1980s, and how to get back on track.

Post-Chicago Economists vs. New Brandeisians on the New Merger Guidelines

Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other forms of thinking may have been ‘crowded out’ as a result of its being the ‘dominant discourse’? What, in the end, have we really learned from it?

The tough policy choices ahead for confronting the climate crisis

How much does the standard theory of externalities and public goods really say?

Robert Akerlof, economics professor at the University of Warwick, discusses his research into issues of self-esteem and values and how such a focus can greatly improve efforts to make sense of economic activity.