IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpma/9802022.html
   My bibliography  Save this paper

Corporate Governance and Corporate Employment: Is Prosperity Sustainable in the United States?

Author

Listed:
  • William Lazonick

    (The Jerome Levy Economics Institute)

  • B. Mary O'Sullivan

    (The Jerome Levy Economics Institute)

Abstract

If sustainable prosperity is the objective, proposals to reform the corporate governance system must be based on a theory of the innovative enterprise. Without such a theory, stakeholder arguments run the risk of encouraging other groups, besides stockholders, to become claimants to a given, and even diminishing pool of returns. To avoid such a political and economic stalemate requires a conception of how investments in people working together in organizations can generate the returns in international contributions to the corporate governance debate, economists must shed the shackles - both methodological and ideological -- of an economic theory that was never designed to understand how an economy develops, and build their own capabilities for analyzing the processes of industrial innovation, international competition, and the social foundations of sustainable prosperity.

Suggested Citation

  • William Lazonick & B. Mary O'Sullivan, 1998. "Corporate Governance and Corporate Employment: Is Prosperity Sustainable in the United States?," Macroeconomics 9802022, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:9802022
    Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on PostScript; pages: 84; figures: included
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/9802/9802022.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • E - Macroeconomics and Monetary Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpma:9802022. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: EconWPA (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.