Reading group – 14th session De 2021-04-26 a 2021-04-26
Zoom, 3pm (GMT time)
The 14th session of the reading group of the PREDPOD project will take place on April 26 2021 at 3pm. This will be a special session, where we will be discussing William Lazonick’s and Jang-Sup Shin’s recent book “Predatory Value Extraction”. The session will last between 2h30 and 3h, and it will feature the presentation of the book by William Lazonick, as well as a comment by Alan Thomas, Joshua Preiss and Rahul Basu.
William Lazonick, professor of economics emeritus at University of Massachusetts, is co-founder and president of the Academic-Industry Research Network, a 501(c)(3) non-profit research organization, based in Cambridge, Massachusetts. He is an Open Society Fellow and a Canadian Institute for Advanced Research Fellow. Over the past decade, the Institute for New Economic Thinking has funded a number of his research projects.
He has professorial affiliations with SOAS University of London and Institut Mines-Télécom in Paris. Previously, Lazonick was assistant and associate professor of economics at Harvard University, professor of economics at Barnard College of Columbia University, and distinguished research professor at INSEAD in France. Lazonick earned his B.Com. at the University of Toronto, M.Sc. in Economics at London School of Economics, and Ph.D. in Economics at Harvard University. He holds honorary doctorates from Uppsala University and the University of Ljubljana. Lazonick was president of the Business History Conference in 1990-91.
His research focuses on the social conditions of innovation and economic development in advanced and emerging economies. His book Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States (Upjohn Institute 2009) won the 2010 Schumpeter Prize. He has twice—in 1983 and 2010—had the award from Harvard Business School for best article of the year in Business History Review. In 2014, he received the HBR McKinsey Award for outstanding article in Harvard Business Review for “Profits Without Prosperity: Stock Buybacks Manipulate the Market and Leave Most Americans Worse Off.” In January 2020, Oxford University Press published his book, co-authored with Jang-Sup Shin, Predatory Value Extraction: How the Looting of the Business Corporation Became the U.S. Norm and How Sustainable Prosperity Can Be Restored.
Professor Alan Thomas began his professional career in Philosophy as a lecturer at King’s College, London, between 1993 and 1998. Following this he moved to the University of Kent to take a position as senior lecturer there. In 2007 he was a visiting scholar at the University of British Columbia and in 2010 he held the position of Fellow of the Murphy Institute at Tulane University. Between 2010 and 2016 he was Professor of Ethics at Tilburg University. During that time he also held a visiting fellowship at the Australian National University (2015) and a visiting research professor position at St. Louis University (also 2015). In 2016 he came to York to be Professor of Philosophy and Head of Department.
Joshua Preiss is Professor of Philosophy and Director of the Program in Philosophy, Politics, and Economics at Minnesota State University, Mankato. His research is in moral and political philosophy, political economy, and the philosophy of economics, including freedom in markets and the ethics of economic relations. His recent monograph Just Work for All: The American Dream in the 21st Century (Routledge 2021) concerns the theory, practice, and politics of justice in the face of winner-take-all trends in contemporary political economy.
Rahul Basu is the Research Director at Goa Foundation and a member of The Future We Need, a global movement to make intergenerational equity foundational for civilization beginning with minerals.