Predatory Value Extraction
How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored
William Lazonick and Jang-Sup Shin
William Lazonick, Professor of Economics, University of Massachusetts Lowell, and Jang-Sup Shin, Associate Professor of Economics, National University of Singapore
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.