Predatory Value Extraction - Lazonick, William; Shin, Jang-Sup
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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.

Produktbeschreibung
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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Autorenporträt
William Lazonick is President of the Academic-Industry Research Network and Emeritus Professor of Economics at the University of Massachusetts. He has professorial affiliations with SOAS, University of London, and Institut Mines-Télécom in Paris. His research focuses on the social conditions of innovation, socioeconomic mobility, employment opportunity, income distribution, and economic development in advanced and emerging economies. Jang-Sup Shin is professpr of Economics at the National University of Singapore. His research interests include East Asian economic growth, financial crises and restucturing, technology and innovation, competitive strategies, and organizations of firms. He has previously served as a part-time economic advisor to the Finance Minister of Korea, as well as an editorial writer for Maeli Business Newspaper, a leading economic newspaper in Korea. crises and restucturing.