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Entries by William Lazonick from 09/2011

What's "Perfect" About Perfect Competition? A Prosperous Economy Needs Innovators

| Posted 09.01.2011 | Business

The theory of perfect competition enables economists to ignore the conditions under which, through innovation, business enterprises grow large and often come to dominate their industries.

Nine Government Investments That Made Us an Industrial Economic Leader

| Posted 09.08.2011 | Business

The history of U.S. government support of industry shows that, far from eschewing a developmental role, it is plausible to argue that from the 19th century up to the present the United States has possessed the world's foremost developmental state.

A Transformative Jobs Plan: What's Good for IBM's Top Executives Is Not Good for the U.S.

| Posted 09.15.2011 | Business

The dearth of jobs, even in an economic recovery, reflects the cumulative impact of three structural changes in the employment practices of U.S. industrial corporations.

There Went the Sun: Renewable Energy Needs Patient Capital

| Posted 09.23.2011 | Business

For solar manufacturing in the United States to be profitable, it will need committed finance that the U.S. venture capital community -- still by far the world's richest -- is unwilling to provide.