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Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States

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  • William Lazonick

    (University of Massachusetts-Lowell)

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    Abstract

    Lazonick explains 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 and explores the institutional and organizational conditions under which an advance economy - not only the U.S. economy - can achieve sustainable prosperity.

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    File URL: http://research.upjohn.org/cgi/viewcontent.cgi?article=1032&context=up_bookchapters
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    Bibliographic Info

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    This book is provided by W.E. Upjohn Institute for Employment Research in its series Books from Upjohn Press with number spne and published in 2009.

    ISBN: cloth 9780880993517 paper 9780880993500
    Handle: RePEc:upj:ubooks:spne

    Note: PDF is the book's first chapter.
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    Related research

    Keywords: sustainable prosperity; income inequality; high-tech industry; high-tech labor force; stock options; stock buy-backs; silicon Valley; pensions; layoffs;

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    Cited by:
    1. Lazonick, William & Tulum, Öner, 2011. "US biopharmaceutical finance and the sustainability of the biotech business model," Research Policy, Elsevier, vol. 40(9), pages 1170-1187.
    2. Olivier Brossard & Stéphanie Lavigne & Mustafa Erdem Sakinç, 2013. "Ownership structures and R&D in Europe: the good institutional investors, the bad and ugly impatient shareholders," Industrial and Corporate Change, Oxford University Press, vol. 22(4), pages 1031-1068, August.
    3. Leila E. Davis, 2013. "Financialization and the nonfinancial corporation: an investigation of firmlevel investment behavior in the U.S., 1971-2011," UMASS Amherst Economics Working Papers 2013-08, University of Massachusetts Amherst, Department of Economics.

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