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

Author

Listed:
  • William Lazonick

    (University of Massachusetts-Lowell)

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.

Suggested Citation

  • William Lazonick, 2009. "Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number spne, December.
    • Handle: RePEc:upj:ubooks:spne
    Note: PDF is the book's first chapter.
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    More about this item

    Keywords

    sustainable prosperity; income inequality; high-tech industry; high-tech labor force; stock options; stock buy-backs; silicon Valley; pensions; layoffs;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies

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