Predatory Value Extraction

Predatory Value Extraction
Author :
Publisher : Oxford University Press
Total Pages : 325
Release :
ISBN-10 : 9780192585981
ISBN-13 : 0192585983
Rating : 4/5 (983 Downloads)

Book Synopsis Predatory Value Extraction by : William Lazonick

Download or read book Predatory Value Extraction written by William Lazonick and published by Oxford University Press. This book was released on 2019-12-04 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Predatory Value Extraction explains how an ideology of corporate resource allocation known as 'maximizing shareholder value' (MSV) that emerged in the 1980s came to dominate strategic thinking in business schools and corporate boardrooms in the United States. Undermining the social foundations of sustainable prosperity, it resulted in employment instability, income inequity, and slow productivity growth. In explaining what happened to sustainable prosperity, William Lazonick and Jang-Sup Shin focus on the growing imbalance between value creation and value extraction in the U.S. economy, and the corporate-governance institutions that determine this balance in the nation's major business corporations. The imbalance has become so extreme that predatory value extraction is now a central economic activity, to the point at which the U.S. economy as a whole can be aptly described as a value-extracting economy. Balancing the contributions of economic actors to value creation with their power to extract value provides the foundation for stable and equitable economic growth. When certain economic actors are able to assert their power to extract far more value than they contribute to the value-creation process, an imbalance occurs which, when extreme, leads to dire economic, political, and social consequences. This book not only explores these consequences, but also sets out an agenda for restoring sustainable prosperity.


Predatory Value Extraction Related Books

Predatory Value Extraction
Language: en
Pages: 325
Authors: William Lazonick
Categories: Political Science
Type: BOOK - Published: 2019-12-04 - Publisher: Oxford University Press

GET EBOOK

Predatory Value Extraction explains how an ideology of corporate resource allocation known as 'maximizing shareholder value' (MSV) that emerged in the 1980s cam
Extracting Profit
Language: en
Pages: 321
Authors: Lee Wengraf
Categories: Political Science
Type: BOOK - Published: 2018-02-19 - Publisher: Haymarket Books

GET EBOOK

Extracting profit explains why Africa, in the first decade and a half of the twenty-first century, has undergone an economic boom. This period of “Africa risi
The Value of Everything
Language: en
Pages: 415
Authors: Mariana Mazzucato
Categories: Business & Economics
Type: BOOK - Published: 2018-04-26 - Publisher: Penguin UK

GET EBOOK

WINNER OF THE 2019 MADAME DE STAËL PRIZE AND THE 2018 LEONTIEF PRIZE FOR ADVANCING THE FRONTIERS OF ECONOMIC THOUGHT SHORTLISTED FOR THE FT & MCKINSEY BUSINESS
Irenaeus on Creation
Language: en
Pages: 258
Authors: Matthew Steenberg
Categories: Religion
Type: BOOK - Published: 2008-05-31 - Publisher: BRILL

GET EBOOK

Scholarship on Irenaeus has long acknowledged the centrality of creation to his theology, yet without fitting this theme securely into the Christological vision
Predatory Value Extraction
Language: en
Pages: 252
Authors: William Lazonick
Categories: Business & Economics
Type: BOOK - Published: 2020 - Publisher:

GET EBOOK

This book explains how an ideology of corporate resource allocation known as 'maximizing shareholder value' (MSV) that emerged in the 1980s undermined the socia