William Lazonick's Books

Predatory Value Extraction

How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored

By: William Lazonick,Jang-Sup Shin

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Predatory Value Extraction

How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored

By: William Lazonick,Jang-Sup Shin

Predatory Value Extraction explains how an ideology of corporate resource allocation known as 'maximizing shareholder value' (MSV) that emerged in the 1980s came to dominate strategic thinking in business schools and corporate boardrooms in the United States. Undermining the social foundations of sustainable prosperity, it resulted in employment instability, income inequity, and slow productivity growth. In explaining what happened to sustainable prosperity, William Lazonick and Jang-Sup Shin focus on the growing imbalance between value creation and value extraction in the U.S. economy, and the corporate-governance institutions that determine this balance in the nation's major business corporations. The imbalance has become so extreme that predatory value extraction is now a central economic activity, to the point at which the U.S. economy as a whole can be aptly described as a value-extracting economy. Balancing the contributions of economic actors to value creation with their power to extract value provides the foundation for stable and equitable economic growth. When certain economic actors are able to assert their power to extract far more value than they contribute to the value-creation process, an imbalance occurs which, when extreme, leads to dire economic, political, and social consequences. This book not only explores these consequences, but also sets out an agenda for restoring sustainable prosperity.

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325

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Oxford University Press

Published Date

ISBN 10

0192585983

ISBN 13

9780192585981

Investing in Innovation

Confronting Predatory Value Extraction in the U.S. Corporation

By: William Lazonick

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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 of organizations constitute 'the investment triad'. The Biden administration's Build Back Better agenda to restore sustainable prosperity in the United States has focused on investment in productive capabilities by government agencies and household units. Largely absent from the Biden agenda have been policy initiatives to ensure that, given government and household investment in productive capabilities, the governance of major U.S. business corporations supports investment in innovation. This Element explains how corporate financialization, manifested by predatory value extraction in the name of 'maximizing shareholder value', undermines investment in innovation in the United States. It concludes by outlining a policy framework, beginning with a ban on stock buybacks, that confronts predatory value extraction and puts in place social institutions that support sustainable prosperity.

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Cambridge University Press

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ISBN 10

1009410717

ISBN 13

9781009410717

Predatory Value Extraction

How the Looting of the Business Corporation Became the U.S. Norm and how Sustainable Prosperity Can be Restored

By: William Lazonick,Jang-Sup Shin

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Predatory Value Extraction

How the Looting of the Business Corporation Became the U.S. Norm and how Sustainable Prosperity Can be Restored

By: William Lazonick,Jang-Sup Shin

This book explains how an ideology of corporate resource allocation known as 'maximizing shareholder value' (MSV) that emerged in the 1980s undermined the social foundations of sustainable prosperity in the United States, resulting in rising inequality and slow productivity growth, and sets out an agenda for restoring sustainable prosperity.

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252

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ISBN 10

0198846770

ISBN 13

9780198846772

The Restructuring of Capitalism in Our Time

By: William K. Tabb

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The Restructuring of Capitalism in Our Time

By: William K. Tabb

Actions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of Keynes and Minsky and applying them to the modern evolution of American banking and finance, William K. Tabb offers a chilling prediction about future crises and the structural factors inhibiting true reform. Tabb follows the rise of banking practices and financial motives in America over the past thirty years and the simultaneous growth of a shadow industry of hedge funds, private equity firms, and financial innovations such as derivatives. He marks the shift from an American economy based primarily on the production of goods and nonfinancial services to one characterized by financialization, then shows how these developments, perspectives, and approaches not only contributed to the recent financial crisis but also prevented the enactment of effective regulatory reform. He incisively analyzes the damage that increasing unsustainable debt and excessive risk-taking has done to our financial system and expands his critique to a discussion of world systems and globalization. Revealing the willful blind spots of mainstream finance theory, Tabb moves beyond an economic model reliant on debt expansion and dangerous levels of leverage, proposing instead a social structure of accumulation that places economic justice over profit and, more practically, institutes an inclusive, sustainable model for growth.

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353

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Columbia University Press

Published Date

ISBN 10

0231528035

ISBN 13

9780231528030

Predatory Value Extraction

How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored

By: William Lazonick,Jang-Sup Shin

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Predatory Value Extraction

How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored

By: William Lazonick,Jang-Sup Shin

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325

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Oxford University Press

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ISBN 10

0192585983

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9780192585981

Markets

Perspectives from Economic and Social Theory

By: William A. Jackson

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Markets

Perspectives from Economic and Social Theory

By: William A. Jackson

Defining markets has never been an easy task. Despite their importance for economic theory and practice, they are hard to pin down as a concept and economists have tended to adopt simplified axiomatic models or rely on piecemeal case studies. This book argues that an extended range of theory, social as well as economic, can provide a better foundation for the portrayal of markets. The book first looks at the definition of markets, their inadequate treatment in orthodox economic theory, and their historical background in the pre-capitalist and capitalist eras. It then assesses various alternatives to orthodox theory, categorised as social/cultural, structural, functional and ethical approaches. Among the alternatives considered are institutionalist accounts, Marxian views, network models, performativity arguments, field theories, Austrian views and ethical notions of fair trade. A key finding of the book is that these diverse approaches, valuable as they are, could present a more effective challenge to orthodoxy if they were less disparate. Possibilities are investigated for a more unified theoretical alternative to orthodoxy. Unlike most studies of markets, this book adopts a fully interdisciplinary viewpoint expressed in accessible, non-technical language. Ideas are brought together from heterodox economics, social theory, critical realism, as well as other social sciences such as sociology, anthropology and geography. Anybody seeking a broad critical survey of the theoretical analysis of markets will find this book useful and it will be of great interest to economists, social scientists, students and policy-makers.

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267

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Routledge

Published Date

ISBN 10

1317385640

ISBN 13

9781317385646

Outsourcing Economics

Global Value Chains in Capitalist Development

By: William Milberg,Deborah Winkler

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Outsourcing Economics

Global Value Chains in Capitalist Development

By: William Milberg,Deborah Winkler

Outsourcing Economics has a double meaning. First, it is a book about the economics of outsourcing. Second, it examines the way that economists have understood globalization as a pure market phenomenon, and as a result have 'outsourced' the explanation of world economic forces to other disciplines. Markets are embedded in a set of institutions - labor, government, corporate, civil society, and household - that mold the power asymmetries that influence the distribution of the gains from globalization. In this book, William Milberg and Deborah Winkler propose an institutional theory of trade and development starting with the growth of global value chains - international networks of production that have restructured the global economy and its governance over the past twenty-five years. They find that offshoring leads to greater economic insecurity in industrialized countries that lack institutions supporting workers. They also find that offshoring allows firms to reduce domestic investment and focus on finance and short-run stock movements.

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377

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Cambridge University Press

Published Date

ISBN 10

1107026997

ISBN 13

9781107026995

The European Automobile Industry

Multi Level Governance, Policy and Politics

By: William A. Maloney,Andrew McLaughlin

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The European Automobile Industry

Multi Level Governance, Policy and Politics

By: William A. Maloney,Andrew McLaughlin

This book presents an analysis of some of the changes that have transformed the automobile industry in the last thirty years illustrating some of the most significant consequences of globalization. Focusing on the response of Europe's policy makers, it analyzes government-industry relations at both national and transnational levels, demonstrating how national policy instruments have been eroded by regional, political and economic integration. There has been a significant and irreversible shift in the locus of decision-making power from nation states to the regional level in the automobile sector.

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334

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Routledge

Published Date

ISBN 10

1134829256

ISBN 13

9781134829255

Doing Capitalism in the Innovation Economy

Reconfiguring the Three-Player Game between Markets, Speculators and the State

By: William H. Janeway

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Doing Capitalism in the Innovation Economy

Reconfiguring the Three-Player Game between Markets, Speculators and the State

By: William H. Janeway

Legendary economist Hyman Minsky identified author William H. Janeway as a 'theorist-practitioner' of financial economics; this book is an expression of that double life. Interweaving his unique professional perspective with political and financial history, Janeway narrates the dynamics of the innovation economy from the standpoint of a seasoned practitioner of venture capital, operating on the frontier where innovative technology transforms the market economy. In this fully revised and updated edition, Janeway explains how state investment in national goals enables the innovation process and why financial bubbles accelerate and amplify its impact. Now, the digital revolution, sponsored by the state and funded by speculation, has matured to attack the authority, and even the legitimacy, of governments. The populist response in the west, especially in the United States, opens the door for China to seize leadership of the innovation economy from America.

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465

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Cambridge University Press

Published Date

ISBN 10

1108680380

ISBN 13

9781108680387

A History of Homo Economicus

The Nature of the Moral in Economic Theory

By: William Dixon,David Wilson

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A History of Homo Economicus

The Nature of the Moral in Economic Theory

By: William Dixon,David Wilson

A key issue in economic discourse today is the relation (or lack of it) between economic behaviour and morality. Few (presumably) would want to deny that human beings are in some sense moral or ethical creatures, but the devil is in the detail. Should we think of economic behaviour as an essentially amoral process – a process adequately characterised by a means-ends rationality – into which any number of subjective ethical concerns or orientations may be intruded to give a particular action its determinate moral content? Or is it rather the case that our moral being runs deeper than this, in the sense that all of our behaviour – ‘economic’ or otherwise – is enabled or capacitated by a competence that is fundamentally ethical in character? With new analyses of the work of Hobbes and Smith, Dixon and Wilson offer a fresh approach to the debate surrounding economics and morality with a novel discussion of the self in economic theory. This book calls for a change in the way that the relation between economic behaviour and morality is understood – from an understanding of morality as a kind of preference that informs certain types of other-regarding behaviour (the way that modern economics understands the relationship), to an idea of morality as a competence that enables or, rather, conditions the possibility of all forms of human behaviour, other-regarding or not. Offering a new insight on homo economicus, this book will be of great interest to all those interested in the history of economics and of economic thought.

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138

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Routledge

Published Date

ISBN 10

1136499016

ISBN 13

9781136499012

Fighting Words

Working-class Formation, Collective Action, and Discourse in Early Nineteenth-century England

By: Marc William Steinberg

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Fighting Words

Working-class Formation, Collective Action, and Discourse in Early Nineteenth-century England

By: Marc William Steinberg

A key component of social life, discourse mediates the processes of class formation and social conflict. Drawing on dialogic theory and building on the work of E. P. Thompson, Marc W. Steinberg argues for the importance of incorporating discursive analysis into the historical reconstruction of class experience. Amending models of collective action, he offers new insights on how discourse shapes the dynamics of popular protest. To support his thesis, he presents studies of two English trade groups in the 1820s: cotton spinners from Lancashire factory towns and London silk weavers.For each case, Steinberg closely examines the labor process, industrial organization, social life, community politics, discursive struggles, and collective actions. By describing how workers shared experiences of exploitation and oppression in their daily lives, he shows how discourses of contention were products of struggle and how they framed possibilities for collective action. Embracing work in literary theory, sociocultural psychology, and cultural studies, Fighting Words claims a middle ground between postmodern and materialist analyses.

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324

Publisher

Cornell University Press

Published Date

ISBN 10

080143582X

ISBN 13

9780801435829

Pioneering Progress

American Science, Technology, and Innovation Policy

By: William B. Bonvillian

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Pioneering Progress

American Science, Technology, and Innovation Policy

By: William B. Bonvillian

An expert exploration of the foundations of America’s science and technology policies, and the dynamics of its innovation system. Why study science and technology policy? What role does innovation play, and how do we foster it? Economics tells us technological innovation drives economic growth and societal well-being, but technology is always a double-edged sword—great technological advances offer both opportunities and threats. In Pioneering Progress, William Bonvillian explains the complex science and technology innovation system and discusses the challenges of emerging industrial policies. Drawing on in-depth case studies on critical areas such as energy, computing, advanced manufacturing, and health, with an emphasis on the needed public policy and the federal government R&D role in those systems, Bonvillian reviews the foundations of economic growth theory, innovation systems theory, and innovation organization theory. Bonvillian, a highly respected expert who has worked as a deputy assistant secretary of transportation in the federal government and a senior advisor in Congress, reviews a new theory of direct and indirect economic factors in the innovation system. He describes the innovation-based competitive and advanced manufacturing challenges now facing the US economy, reviews comparative efforts in other nations, studies the varied models for how federal science and technology mission agencies are organized, and explores the growth of public-private partnership and industrial policy models as a way for science mission agencies to pursue mission agendas. Pioneering Progress places particular emphasis on the organization and role of medical science and energy innovation agencies and how we can address the gaps in the health, energy, and advanced production innovation economic models.

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413

Publisher

MIT Press

Published Date

ISBN 10

0262380382

ISBN 13

9780262380386

The Industrial Revolution

The State, Knowledge and Global Trade

By: William J. Ashworth

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The Industrial Revolution

The State, Knowledge and Global Trade

By: William J. Ashworth

The British Industrial Revolution has long been seen as the spark for modern, global industrialization and sustained economic growth. Indeed the origins of economic history, as a discipline, lie in 19th-century European and North American attempts to understand the foundation of this process. In this book, William J. Ashworth questions some of the orthodoxies concerning the history of the industrial revolution and offers a deep and detailed reassessment of the subject that focuses on the State and its role in the development of key British manufactures. In particular, he explores the role of State regulation and protectionism in nurturing Britain's negligible early manufacturing base. Taking a long view, from the mid 17th century through to the 19th century, the analysis weaves together a vast range of factors to provide one of the fullest analyses of the industrial revolution, and one that places it firmly within a global context, showing that the Industrial Revolution was merely a short moment within a much larger and longer global trajectory. This book is an important intervention in the debates surrounding modern industrial history will be essential reading for anyone interested in global and comparative economic history and the history of globalization.

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347

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Bloomsbury Publishing

Published Date

ISBN 10

1474286178

ISBN 13

9781474286176

Socializing Capital

The Rise of the Large Industrial Corporation in America

By: William G. Roy

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Socializing Capital

The Rise of the Large Industrial Corporation in America

By: William G. Roy

Ever since Adolph Berle and Gardiner Means wrote their classic 1932 analysis of the American corporation, The Modern Corporation and Private Property, social scientists have been intrigued and challenged by the evolution of this crucial part of American social and economic life. Here William Roy conducts a historical inquiry into the rise of the large publicly traded American corporation. Departing from the received wisdom, which sees the big, vertically integrated corporation as the result of technological development and market growth that required greater efficiency in larger scale firms, Roy focuses on political, social, and institutional processes governed by the dynamics of power. The author shows how the corporation started as a quasi-public device used by governments to create and administer public services like turnpikes and canals and then how it germinated within a system of stock markets, brokerage houses, and investment banks into a mechanism for the organization of railroads. Finally, and most particularly, he analyzes its flowering into the realm of manufacturing, when at the turn of this century, many of the same giants that still dominate the American economic landscape were created. Thus, the corporation altered manufacturing entities so that they were each owned by many people instead of by single individuals as had previously been the case.

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355

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Princeton University Press

Published Date

ISBN 10

1400822270

ISBN 13

9781400822270

Financialization and the Future of the American Economy

By: William K Tabb

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Financialization and the Future of the American Economy

By: William K Tabb

Financialization is a set of processes which has led to a financially driven and commodified economy with rising inequality, tax avoidance, and a lack of investment in the physical and social infrastructure. Given the influence of money politics, and the secular increase in the burden of debt, financialization has produced a deeply flawed economic system which mainstream economists are unable to address. This book discusses the causes and costs of financial crises, how financialization produces inequality and instability, and the patterns of value extraction it enables. It draws on key theoretical traditions, most prominently the writing of Marx, Keynes, and Minsky that illuminate much that is ignored and rejected in mainstream theorizing, including by many who identify as Keynesians. After decades of low interest rates and years of quantitative easing (QE), keeping borrowing costs near zero, many borrowers – households, businesses, banks, shadow banks, and governments – will not be able to finance their debt at the higher interest rates initiated by central banks to address inflation. The resulting stagflation will be global, producing a severe downturn that may be postponed through still greater debt creation but not avoided by conventional means. The book also explores the ways that standard financial criteria contribute to the climate emergency and the manner in which the commodification of nature proceeds from the desire to create new, marketable derivative products. It concludes with a discussion of what needs to be done to move away from a harmful regime of accumulation premised on financialization and to adopt a far better one. This book is essential reading for anyone interested in the causes and consequences of financialization and its impact on the economy.

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212

Publisher

Taylor & Francis

Published Date

ISBN 10

1000912833

ISBN 13

9781000912838

Economics, Culture and Social Theory

By: William A. Jackson

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Economics, Culture and Social Theory

By: William A. Jackson

. . . the book is excellent in setting out and explaining a fundamental critique of economics one moreover that has been missed by most other current critics of the field. Making this case is an achievement. Hopefully, it will have a greater impact than its author probably expects. Journal of Cultural Economics Economics evolved by perfecting the taking of culture out of its reductionist and virtual world. But culture has recently been reintroduced, both as a sphere of application for an otherwise unchanging methodology and as a weak form of acknowledging that the economic alone is inadequate as the basis even for explaining the economy. This volume is an essential critical starting point for understanding the changing relationship between economics and culture and in offering a more satisfactory and stable union between the two. Ben Fine, University of London, UK Economics, Culture and Social Theory examines how culture has been neglected in economic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory. Orthodox economics has prompted a long line of cultural criticism that goes back to the origins of economic theory and extends to recent debates surrounding postmodernism. William A. Jackson discusses the cultural critique of economics, identifies the main arguments, and assesses their implications. Among the topics covered are relativism and realism, idealism and materialism, agency and structure, hermeneutics, semiotics, and cultural evolution. Drawing from varied literatures, notably social and cultural theory, the book stresses the importance of culture for economic behaviour and looks at the prospects for a renewed and culturally informed economics. The book will be invaluable to heterodox economists and to anyone interested in the links between culture and the economy. It takes an interdisciplinary approach, arguing against the isolation of economics, and will therefore hold wide appeal for social scientists working in related fields, as well as for economists specialising in cultural economics and economic methodology.

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281

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1849802114

ISBN 13

9781849802116

The Rise of Market Culture

The Textile Trade and French Society, 1750-1900

By: William M. Reddy

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The Rise of Market Culture

The Textile Trade and French Society, 1750-1900

By: William M. Reddy

Professor Reddy traces the transition from pre-capitalist to capitalist culture in the French textile industry from 1750 to 1900. Using anthropology and social history, he shows how and why the conception of the social order based on the idea of the market began to emerge, and examines the attendant political and social conflict.

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420

Publisher

Cambridge University Press

Published Date

ISBN 10

0521347793

ISBN 13

9780521347792

American Business Since 1920

How It Worked

By: Thomas K. McCraw,William R. Childs

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American Business Since 1920

How It Worked

By: Thomas K. McCraw,William R. Childs

Tells the story of how America’s biggest companies began, operated, and prospered post-World War I This book takes the vantage point of people working within companies as they responded to constant change created by consumers and technology. It focuses on the entrepreneur, the firm, and the industry, by showing—from the inside—how businesses operated after 1920, while offering a good deal of Modern American social and cultural history. The case studies and contextual chapters provide an in-depth understanding of the evolution of American management over nearly 100 years. American Business Since 1920: How It Worked presents historical struggles with decision making and the trend towards relative decentralization through stories of extraordinarily capable entrepreneurs and the organizations they led. It covers: Henry Ford and his competitor Alfred Sloan at General Motors during the 1920s; Neil McElroy at Procter & Gamble in the 1930s; Ferdinand Eberstadt at the government’s Controlled Materials Plan during World War II; David Sarnoff at RCA in the 1950s and 1960s; and Ray Kroc and his McDonald’s franchises in the late twentieth century and early twenty-first; and more. It also delves into such modern success stories as Amazon.com, eBay, and Google. Provides deep analysis of some of the most successful companies of the 20th century Contains topical chapters covering titans of the 2000s Part of Wiley-Blackwell’s highly praised American History Series American Business Since 1920: How It Worked is designed for use in both basic and advanced courses in American history, at the undergraduate and graduate levels.

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407

Publisher

John Wiley & Sons

Published Date

ISBN 10

1119097290

ISBN 13

9781119097297

The Great Powers and Global Struggle, 1490-1990

By: Karen A. Rasler,William R. Thompson

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The Great Powers and Global Struggle, 1490-1990

By: Karen A. Rasler,William R. Thompson

In The Great Powers and Global Struggle, Karen A. Rasler and William R. Thompson focus on two themes: the rise and fall as well as the relative decline of major world powers over the past five hundred years, and the way in which these processes have set the stage for the outbreak of global war. Their interdisciplinary approach encompasses political science, economics, sociology, geography, and history. The most significant wars occur when regional leaders—historically in Western Europe—challenge global leaders. By studying the wars of Napoleon, Louis XIV, Phillip II and the Italian/Indian Ocean wars of the sixteenth century through World Wars I and II to the present, the authors challenge the long-held idea that prosperity leads to over-consumption and underinvestment and thus decline—a theory, traceable to ancient times, that remains the principal explanation for global decline today. Arguments about global structural change and its implications abound, but rarely is the abstract translated into concrete historical terms with emphases on specific actors and empirical documentation. Rasler and Thompson reinterpret the past five hundred years of major-power warfare and provide extensive tests of the eighteen generalizations critical to their argument. They conclude that those who argue that global war and repositioning are no longer a concern among the major powers lack critical understanding of the behavior that contributes to such conflict.

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437

Publisher

University Press of Kentucky

Published Date

ISBN 10

0813184576

ISBN 13

9780813184579

Paying for Broadcasting: The Handbook

By: Tim Congdon

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Paying for Broadcasting: The Handbook

By: Tim Congdon

What does the future hold for broadcasting in Britain? At a time when British broadcasting is undergoing great change, what revenues will be available for funding programming in the 1990s and beyond? Paying for Broadcasting: The Handbook presents a wide-ranging discussion of funding options open to broadcasters. Commissioned by the BBC to inform debate in the run up to the 1996 Charter Renewal, and drawing on examples from Britain and other worldwide broadcasting markets, the authors explore the histories of and project future possibilities for the revenues available from different sources: advertising and sponsorship, subscription, programme sales and co-production and various kinds of public funding.

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274

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Routledge

Published Date

ISBN 10

113487846X

ISBN 13

9781134878468

The Postwar Japanese System

Cultural Economy and Economic Transformation

By: William K. Tabb

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The Postwar Japanese System

Cultural Economy and Economic Transformation

By: William K. Tabb

While other industrialized and developing countries look towards Japan as an economic model, the political, cultural, and social arrangements that have so far allowed Japan to succeed are eroding. In particular, Japan faces a system of industrial relations that places great strain on all of Japanese society. In The Postwar Japanese System, William Tabb distinguishes between those aspects of Japanese success that can and cannot be transferred successfully to help in the revitalization of the American economy. The author discusses Japanese economic history from before the Meiji Restoration to the present, and looks at Japanese politics, state-corporate relations, the labor relations system in Japan and the nature of work as experienced by Japanese employees. He examines the organization of the Japanese corporation versus the American corporation, industrial policy, education, urban and regional reorganization, and Japan's role in the world today (and tomorrow). And, Tabb thoughtfully explores the fundamental social, political, and economic transitions the Japanese are currently experiencing. The Postwar Japanese System succeeds in placing the economic "miracle" in its proper social and political framework. A broad, intelligent overview of the Japanese political economy, the book suggests important implications for the United States in the story of Japan's prosperity and current distress. It will be a key resource for all those interested in Japanese society.

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423

Publisher

Oxford University Press

Published Date

ISBN 10

0195358295

ISBN 13

9780195358292

Economic Governance in the Age of Globalization

By: William K. Tabb

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Economic Governance in the Age of Globalization

By: William K. Tabb

The classical models of international free trade that have long been championed by the US, have failed to produce the rapid growth, reduced poverty & stable societies that have been promised. William Tabb advocates a new financial architecture to meet the real needs of the world in the 21st century.

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529

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Columbia University Press

Published Date

ISBN 10

0231131550

ISBN 13

9780231131551

Engendered Economics

Incorporating Diversity into Political Economy

By: Ellen Mutari,Heather Boushey,William Fraher

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Engendered Economics

Incorporating Diversity into Political Economy

By: Ellen Mutari,Heather Boushey,William Fraher

This book provides an overview of current developments within feminist political economy, including reformulations of economic theory, historical and empirical research on the economic roles and status of women and people of color, as well as proposals for broadening the public policy agenda. Rather than offering a feminist critique of neoclassical economics, this volume presents feminist economics in dialogue with progressive economic theory and public policy. It differentiates itself further by addressing issues of class, race and sexuality in interaction with gender.

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272

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Routledge

Published Date

ISBN 10

131547915X

ISBN 13

9781315479156

Equity and Excellence in American Higher Education

By: William G. Bowen,Martin A. Kurzweil,Eugene M. Tobin,Susanne C. Pichler

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Equity and Excellence in American Higher Education

By: William G. Bowen,Martin A. Kurzweil,Eugene M. Tobin,Susanne C. Pichler

Thomas Jefferson once stated that the foremost goal of American education must be to nurture the "natural aristocracy of talent and virtue." Although in many ways American higher education has fulfilled Jefferson's vision by achieving a widespread level of excellence, it has not achieved the objective of equity implicit in Jefferson's statement. In Equity and Excellence in American Higher Education, William G. Bowen, Martin A. Kurzweil, and Eugene M. Tobin explore the cause for this divide. Employing historical research, examination of the most recent social science and public policy scholarship, international comparisons, and detailed empirical analysis of rich new data, the authors study the intersection between "excellence" and "equity" objectives. Beginning with a time line tracing efforts to achieve equity and excellence in higher education from the American Revolution to the early Cold War years, this narrative reveals the halting, episodic progress in broadening access across the dividing lines of gender, race, religion, ethnicity, and socioeconomic status. The authors argue that despite our rhetoric of inclusiveness, a significant number of youth from poor families do not share equal access to America's elite colleges and universities. While America has achieved the highest level of educational attainment of any country, it runs the risk of losing this position unless it can markedly improve the precollegiate preparation of students from racial minorities and lower-income families. After identifying the "equity" problem at the national level and studying nineteen selective colleges and universities, the authors propose a set of potential actions to be taken at federal, state, local, and institutional levels. With recommendations ranging from reform of the admissions process, to restructuring of federal financial aid and state support of public universities, to addressing the various precollegiate obstacles that disadvantaged students face at home and in school, the authors urge all selective colleges and universities to continue race-sensitive admissions policies, while urging the most selective (and privileged) institutions to enroll more well-qualified students from families with low socioeconomic status.

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476

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University of Virginia Press

Published Date

ISBN 10

0813933390

ISBN 13

9780813933399

Money and Liberty in Modern Europe

A Critique of Historical Understanding

By: William M. Reddy

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Money and Liberty in Modern Europe

A Critique of Historical Understanding

By: William M. Reddy

The concept of class, along with its correlates -m class interest, class conflict, class consciousness - ramain indispensable tools of historical explanation. Yet research over the last twenty-five years, especially on the histories of England, France, and Germany, has revealed an increasingly poor fit between these concepts and the reality they purport to explain. Some historians have reacted by rejecting class; others have proposed bold revisions in our understanding of it that enable it to encompass new research findings. This study does neither. Instead, building on interpretive method Professor Reddy proposes to replace class with an alternative concept that seeks to capture from a new angle the fundamental relations of exchange and authority that have shaped social life in modern Europe.

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286

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Cambridge University Press

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ISBN 10

0521315093

ISBN 13

9780521315098

Making IT

The Rise of Asia in High Tech

By: Henry S. Rowen,William F. Miller

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Making IT

The Rise of Asia in High Tech

By: Henry S. Rowen,William F. Miller

This book is about the causes and major consequences of the rise of Asia in the IT industry. It focuses on six regions/countries: Japan, especially Fukuoka in the South; Teheran Valley in Seoul; Zhongguancun Science Park in Beijing; Hsinchu Science-based Park in Taiwan; Singapore; and Bangalore in India.

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412

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Stanford University Press

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0804753865

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9780804753869

The Most Powerful Idea in the World

A Story of Steam, Industry, and Invention

By: William Rosen

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The Most Powerful Idea in the World

A Story of Steam, Industry, and Invention

By: William Rosen

The sweeping true story of how the steam engine changed the world, from the acclaimed author of Miracle Cure If all measures of human advancement in the last hundred centuries were plotted on a graph, they would show an almost perfectly flat line—until the eighteenth century, when the Industrial Revolution would cause the line to shoot straight up, beginning an almost uninterrupted march of progress. In The Most Powerful Idea in the World, William Rosen tells the story of the men responsible for the Industrial Revolution and the machine that drove it—the steam engine. In the process he tackles the question that has obsessed historians ever since: What made eighteenth-century Britain such fertile soil for inventors? Rosen’s answer focuses on a simple notion that had become enshrined in British law the century before: that people had the right to own and profit from their ideas. The result was a period of frantic innovation revolving particularly around the promise of steam power. Rosen traces the steam engine’s history from its early days as a clumsy but sturdy machine, to its coming-of-age driving the wheels of mills and factories, to its maturity as a transporter for people and freight by rail and by sea. Along the way we enter the minds of such inventors as Thomas Newcomen and James Watt, scientists including Robert Boyle and Joseph Black, and philosophers John Locke and Adam Smith—all of whose insights, tenacity, and ideas transformed first a nation and then the world. William Rosen is a masterly storyteller with a keen eye for the “aha!” moments of invention and a gift for clear and entertaining explanations of science. The Most Powerful Idea in the World will appeal to readers fascinated with history, science, and the hows and whys of innovation itself.

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402

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Random House

Published Date

ISBN 10

0679603611

ISBN 13

9780679603610

Business Organization and the Myth of the Market Economy

By: William Lazonick

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Business Organization and the Myth of the Market Economy

By: William Lazonick

Explains the transitions in twentieth-century industrial leadership in terms of changing business investment strategies and organizational structures.

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392

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Cambridge University Press

Published Date

ISBN 10

0521447887

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9780521447881

Management Innovation

Essays in the Spirit of Alfred D. Chandler, Jr.

By: William Lazonick,David J. Teece

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Management Innovation

Essays in the Spirit of Alfred D. Chandler, Jr.

By: William Lazonick,David J. Teece

This book assesses the work, ideas, and influence of the doyen of business historians, Alfred Chandler, particularly on management innovation, strategy, organization, and finance.

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391

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Oxford University Press

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ISBN 10

0199695687

ISBN 13

9780199695683

Corporate Governance, Employee Voice, and Work Organization

Sustaining High-road Jobs in the Automotive Supply Industry

By: Inge Lippert,Tony Huzzard,Ulrich Jürgens,William Lazonick

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Corporate Governance, Employee Voice, and Work Organization

Sustaining High-road Jobs in the Automotive Supply Industry

By: Inge Lippert,Tony Huzzard,Ulrich Jürgens,William Lazonick

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 undertaken in three countries--Germany, Sweden, and the United States--that has sought to explore and compare historical patterns of the relationships between changing governance regimes, voice, and work at plant level in an era of financialization. It also explores the prospects for high-road, sustainable jobs in the sector. Three detailed case histories from each of the countries are presented which contrast companies facing three different levels of exposure to capital markets: companies relatively sheltered from stock markets; companies that are highly exposed to them; and thirdly companies owned by private equity firms. This design allows for analysis not just across different national contexts but also within them, and questions the usefulness of the 'varieties of capitalism' appraoch in understanding these differences. The cases show that governance compromises matter, that is, that recognising the role of employee voice in corporate governance regimes is essential in any comparative analysis and understanding of corporate governance.

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305

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Oxford University Press, USA

Published Date

ISBN 10

0199681074

ISBN 13

9780199681075

Sustainable Prosperity in the New Economy?

Business Organization and High-tech Employment in the United States

By: William Lazonick

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Sustainable Prosperity in the New Economy?

Business Organization and High-tech Employment in the United States

By: William Lazonick

Lazonick explores the origins of the new era of employment insecurity and income inequality, and considers what governments, businesses, and individuals can do about it. He also asks whether the United States can refashion its high-tech business model to generate stable and equitable economic growth. --from publisher description.

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377

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W.E. Upjohn Institute

Published Date

ISBN 10

0880993510

ISBN 13

9780880993517

Law and Society in England 1750-1950

By: William Cornish,Stephen Banks,Charles Mitchell,Paul Mitchell,Rebecca Probert

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Law and Society in England 1750-1950

By: William Cornish,Stephen Banks,Charles Mitchell,Paul Mitchell,Rebecca Probert

Law and Society in England 1750–1950 is an indispensable text for those wishing to study English legal history and to understand the foundations of the modern British state. In this new updated edition the authors explore the complex relationship between legal and social change. They consider the ways in which those in power themselves imagined and initiated reform and the ways in which they were obliged to respond to demands for change from outside the legal and political classes. What emerges is a lively and critical account of the evolution of modern rights and expectations, and an engaging study of the formation of contemporary social, administrative and legal institutions and ideas, and the road that was travelled to create them. The book is divided into eight chapters: Institutions and Ideas; Land; Commerce and Industry; Labour Relations; The Family; Poverty and Education; Accidents; and Crime. This extensively referenced analysis of modern social and legal history will be invaluable to students and teachers of English law, political science, and social history.

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781

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Bloomsbury Publishing

Published Date

ISBN 10

1509931252

ISBN 13

9781509931255

Without Consent Or Contract

The Rise and Fall of American Slavery

By: Robert William Fogel

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Without Consent Or Contract

The Rise and Fall of American Slavery

By: Robert William Fogel

Norton paperback. Includes index. Bibliography: p. 487-523.

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550

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W. W. Norton & Company

Published Date

ISBN 10

0393312194

ISBN 13

9780393312195

American Medical Schools and the Practice of Medicine

A History

By: William G. Rothstein

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American Medical Schools and the Practice of Medicine

A History

By: William G. Rothstein

In this extensively researched history of medical schools, William Rothstein, a leading historian of American medicine, traces the formation of the medical school from its origin as a source of medical lectures to its current status as a center of undergraduate and graduate medical education, biomedical research, and specialized patient care. Using a variety of historical and sociological techniques, Rothstein accurately describes methods of medical education from one generation of doctors to the next, illustrating the changing career paths in medicine. At the same time, this study considers medical schools within the context of the state of medical practice, institutions of medical care, and general higher education. The most complete and thorough general history of medical education in the United States ever written, this work focuses both on the historical development of medical schools and their current status.

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432

Publisher

Oxford University Press

Published Date

ISBN 10

0195364716

ISBN 13

9780195364712

Book's by William Lazonick

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