William Lazonick
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The Struggle to Redevelop a Jim Crow State, 1960–2000
Educating for a New Economy: The Struggle to Redevelop a Jim Crow State, 1960–2000 by William D. Goldsmith Department of History Duke University Date:_______________________ Approved: ___________________________ Nancy MacLean, Supervisor ___________________________ Edward J. Balleisen ___________________________ Adriane Lentz-Smith ___________________________ Gary Gereffi ___________________________ Helen Ladd Dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Department of History in The Graduate School of Duke University 2018 ABSTRACT Educating for a New Economy: The Struggle to Redevelop a Jim Crow State, 1960–2000 by William D. Goldsmith Department of History Duke University Date:_______________________ Approved: ___________________________ Nancy MacLean, Supervisor ___________________________ Edward J. Balleisen ___________________________ Adriane Lentz-Smith ___________________________ Gary Gereffi ___________________________ Helen Ladd An abstract of a dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Department of History in the Graduate School of Duke University 2018 Copyright by William D. Goldsmith 2018 Abstract This dissertation shows how an array of policymakers, invested in uprooting an unequal political economy descended from the plantation system and Jim Crow, gravitated to education as a centerpiece of development strategy, and why so many are still disappointed in its outcomes. By looking at state-wide policymaking in North Carolina and policy effects in the state’s black belt counties, this study shows why the civil rights movement was vital for shifting state policy in former Jim Crow states towards greater investment in human resources. By breaking down employment barriers to African Americans and opening up the South to new people and ideas, the civil rights movement fostered a new climate for economic policymaking, and a new ecosystem of organizations flourished to promote equitable growth. -
NAME: LOUIS A. FERLEGER Address: Department of History Boston University 226 Bay State Road Boston, MA 02215 (617) 353-8305 Emai
NAME: LOUIS A. FERLEGER Address: Department of History Boston University 226 Bay State Road Boston, MA 02215 (617) 353-8305 Email: [email protected] Education: Temple University (B.B.A., 1971) Temple University (MA, Economics, 1973) Temple University (Ph.D., Economics, 1978) Teaching and Professional Employment: Professor, Department of History, Boston University, 1999-present. Executive Director, The Historical Society, 1999-2008. Associate Director, Honors Program, University of Massachusetts Boston, 1997-99. Adjunct Professor, Department of History, Boston College, Spring 1997. Associate Director, Massachusetts Institute for Social and Economic Research, 1994-97. Chair, Department of Economics, University of Massachusetts Boston, 1992-93. Professor of Economics, University of Massachusetts Boston, 1991-1999. Associate Dean of Academic Affairs, College of Arts and Sciences, University of Massachusetts Boston, 1989-1991. Associate Professor of Economics, University of Massachusetts Boston, 1984-1991. Assistant Professor of Economics, University of Massachusetts Boston, 1978-84. Academic Honors: Honored for Excellence in Teaching, University of Massachusetts Boston, March 1988. Outstanding Achievement Award, University of Massachusetts Boston, 1984-85. Grants and Fellowships: National Endowment for the Humanities Chairman’s Grant, 2008 Earhart Foundation Fellowship, 2005-06 1 Research Grant, Twentieth Century Fund, jointly with Jay Mandle, Spring, 1992 Charles Warren Fellowship, Charles Warren Center for Studies in American History, Department of History, Harvard University, Spring 1992. Arthur H. Cole Grant-in-Aid, Economic History Association, Summer 1988. National Endowment for the Humanities Fellowship, 1988. Research Grant, Joseph P. Healey Endowment Grant, University of Massachusetts Boston, Spring, 1986. Research Grant, American Association for State and Local History, 1985. Faculty Development Research and Travel Grants, University of Massachusetts Boston: 1979, 1981, 1982-1984, 1996-98. -
Università Del Salento in Brief
Università del Salento for European Universities in Brief: Local Roots with a Global Mindset Situated in the Southeast of Italy, the Università del Salento is a young, dynamic university, keen to expand and to prove itself at a national and international level, while consolidating and reinforcing its role as the guiding light of the local culture and society. With 95,000 inhaBitants and its favourable geographical position, right in the centre of the Mediterranean and between two seas, Lecce has Been throughout its long history a cross-road of cultures, contacts and trading between the Middle East, the Balkans and Western Europe, as well as a bridge between North Africa and Southern Europe. Gifted with unique natural sceneries and architectural styles, Lecce and the Salento region offer a vibrant and authentic lifestyle, which allows University students to get qualitative education at affordable costs, with housing, entertainment and shopping opportunities for every budget. Since 1955, the Università del Salento has aimed to promote knowledge and skills acquisition by offering a large range of educational opportunities. From Law to Science, Economics to Engineering, Humanities to Media Studies, the University provides academic pathways to a range of professions as well as post- graduate and specialist courses tailor-made to meet the needs of the joB market. 8 Departments with more than 600 staff and 500 administrative staff, cater for approximately 18,000 students. With more than 60 Degree Programs, 30 Research Centres and 150 international partners, the University del Salento demonstrates its commitment to teaching, research as well as social engagement and impact on the local community (Terza Missione), with a strong interdisciplinary and international stance. -
The Financialization of the US Corporation: What Has Been Lost, and How It Can Be Regained
The Financialization of the US Corporation: What Has Been Lost, and How It Can Be Regained William Lazonick University of Massachusetts Lowell The Academic-Industry Research Network [email protected] Revised, July 2012 Background paper for a presentation to the Seattle University School of Law Berle IV Symposiun, “The Future of Financial/Securities Markets,” London June 14-15, 2012. The research in this paper has been funded by the Ford Foundation project on Financial Institutions for Innovation and Development, the INET project on the Stock Market and Innovative Enterprise, the European Commission project on Finance, Innovation, and Growth, and the Connect Innovation Institute project on Innovation and Production: Reviving U.S. Prosperity. Mustafa Erdem Sakinç, has coordinated the development and maintenance of the stock-buyback database, and Dongxu Li, Qiaoling Ma, Xiahui Xia, and Yue Zhang have provided research assistance. Lazonick: The Financialization of the US Corporation 1 What Happened to Economic Prosperity? Many of us know what a prosperous economy looks like. People who want to work have no problem finding jobs. People who want to build careers can accumulate the necessary work experience over time. People who want to start their own businesses can tap into sources of committed finance that can enable them to get their firms up and running. When the work has been done, careers have been built, and businesses have become going concerns, the prosperous economy yields a distribution of income that most people regard as fair. The prosperous economy has a large and stable middle class, with hard-working and dedicated people finding opportunities to climb up the economic ladder. -
Handbook of Research an Grid Technologies and Utility Computing: Concepts for Managing Large-Scale Applications
Handbook of Research an Grid Technologies and Utility Computing: Concepts for Managing Large-Scale Applications Emmanuel Udoh Indiana University-Purdue University, USA Frank Zhigang Wang Cranfield University, UK Information Science INFORMATION SCIENCE REFERENCE REFERENCE Hershey • New York Table of Contents Foreword xxvi Preface xxviii Acknowledgment xxxii Section I Introduction Chapter I Overview of Grid Computing 1 Emmanuel Udoh, Indiana University—Purdue University, USA Frank Zhigang Wang, Cranfield University, UK Vineet R. Khare, Cranfield University, UK Section II Grid Scheduling and Optimization Chapter II Resource-Aware Load Balancing of Parallel Applications 12 Eric Aubanel, University of New Brunswick, Faculty of Computer Science, Canada Chapter III Assisting Efficient Job Planning and Scheduling in the Grid 22 Enis Afgan, University of Alabama at Birmingham, USA Purushotham Bangalore, University of Alabama at Birmingham, USA Chapter IV Effective Resource Allocation and Job Scheduling Mechanisms for Load Sharing in a Computational Grid 31 Kuo-Chan Huang, National Taichung University, Taiwan Po-Chi Shih, National Tsing Hua University, Taiwan Yeh-Ching Chung, National Tsing Hua University, Taiwan Chapter V Data-Aware Distributed Batch Scheduling 41 Tevfik Kosar, Louisiana State University, USA Chapter VI Consistency of Replicated Datasets in Grid Computing 49 Gianni Pucciani, CERN, European Organization for Nuclear Research, Switzerland Flavia Donno, CERN, European Organization for Nuclear Research, Switzerland Andrea Domenici, -
The Value-Extracting CEO: How Executive Stock-Based Pay Undermines Investment in Productive Capabilities
The Value-Extracting CEO: How Executive Stock-Based Pay Undermines Investment in Productive Capabilities William Lazonick∗ Working Paper No. 54 December 3, 2016 ABSTRACT The business corporation is the central economic institution in a modern economy. A company’s senior executives, with the advice and support of the board of directors, are responsible for the allocation of corporate resources to investments in productive capabilities. Senior executives also advise the board on the extent to which, given the need to invest in productive capabilities, the company can afford to make cash distributions to shareholders. Motivating corporate resource- William Lazonick is Professor of Economics, University of Massachusetts Lowell; President, The Academic- Industry Research Network; Visiting Professor, University of Ljubljana; Distinguished Research Associate, Institut Mines-Télécom, Paris; Professorial Research Associate, SOAS University of London. (email: [email protected]). This paper reflects research being carried out under grants from the Institute for New Economic Thinking (Collective and Cumulative Careers project through the Academic-Industry Research Network) and the European Commission (Innovation-Fuelled Sustainable and Inclusive Growth through the University of Ljubljana). It also builds on research done on previous grants from the Institute for New Economic Thinking and from the Ford Foundation (Financial Institutions for Innovation and Development through UMass Lowell). Some of the material in this paper draws on Matt Hopkins and William Lazonick, “The Mismeasure of Mammon,” Uses and Abuses of Executive Pay Data,” Institute for New Economic Thinking Working Paper No. 49, August 29, 2016, at https://www.ineteconomics.org/ideas-papers/research-papers/the-mismeasure-of-mammon-uses-and-abuses-of- executive-pay-data Lazonick: The Value-Extracting CEO allocation decisions are the modes of remuneration that incentivize and reward the top executives of these companies. -
Download the Final Program
FINAL PROGRAM Monday, October 7 8:30 AM - 10:00 AM Participants’ Registration 10:00 AM - 10:20 AM - Welcome Addresses Leopoldo Angrisani, M&N 2013 General Chairman Claudio Quintano, Rector of the University of Naples “Parthenope” Nicola Mazzocca, Head of the Department of Information Technologies and Electrical Engineering, University of Naples Federico II Vito Pascazio, Head of the Department of Engineering, University of Naples “Parthenope” Giovanni Betta, President of GMEE - Italian Association of Electrical and Electronic Measurements 10:20 AM – 10:45 AM - Keynote Speech Dr. Federico Flaviano, Director of AGCOM Consumer Protection Directorate “Mobile Internet Access Service QoS Measurements: the Italian project” 10:45 AM - 11:10 AM Coffee Break Room: Richard Wagner Main Hall 11:10 AM - 12:50 PM Oral Session 1 – Wireless Sensor Networks Synchronization Room: Conference Room Chairpersons: Achim Berger (Linz Center of Mechatronics, Austria) Domenico Grimaldi (Università della Calabria, Italy) 11:10 Robust synchronization for IEEE 802.15.4 CSS Wireless Sensor Networks Paolo Ferrari (University of Brescia, Italy); Giada Giorgi (University of Padova, Italy); Claudio Narduzzi (Universita' di Padova, Italy); Stefano Rinaldi (University of Brescia, Italy); Mattia Rizzi (University of Brescia, Italy) 11:30 Synchronized Industrial Wireless Sensor Network with IEEE 802.11 Ad Hoc Data Transmission Achim Berger (Linz Center of Mechatronics); Albert Potsch (Linz Center of Mechatronics); Andreas Springer (University) 11:50 Synchronization for Hot-plugging -
Table of Contents
Table of Contents Volume I Foreword ........................................................................................................................................xxxvii Preface ................................................................................................................................................... xl Acknowledgment ................................................................................................................................ xlv Section I Infrastructures and Services for HealthGrids and BioGrids Chapter I SHARE: A European Healthgrid Roadmap ............................................................................................ 1 Mark Olive, University of the West of England, UK Hanene Boussi Rahmouni, University of the West of England, UK Tony Solomonides, University of the West of England, UK Vincent Breton, IN2P3, CNRS, Clermont-Ferrand, France Nicolas Jacq, HealthGrid (International) Yannick Legré, HealthGrid (International), IN2P3, CNRS, Clermont-Ferrand, France Ignacio Blanquer, Universidad Politécnica de Valencia, Spain Vicente Hernandez, Universidad Politécnica de Valencia, Spain Isabelle Andoulsi, Universitaires Notre-Dame de la Paix, Belgium Jean Herveg, Universitaires Notre-Dame de la Paix, Belgium Celine Van Doosselaere, European Health Management Association (International) Petra Wilson, European Health Management Association (International) Alexander Dobrev, Empirica GmbH, Germany Karl Stroetmann, Empirica GmbH, Germany Veli Stroetmann, Empirica GmbH, Germany Chapter -
Vincenzo Zonno University of Salento Lecce, Italy Researchresearch Centrecentre
Thursday 5 November EU-India PARTNERING EVENT Theme: Life sciences, biotechnology and biochemistry for sustainable non-food products and processes VINCENZO ZONNO UNIVERSITY OF SALENTO LECCE, ITALY RESEARCHRESEARCH CENTRECENTRE Life sciences, Life sciences, Life sciences, Life sciences Marine Aquaculture and Fisheries Research Centred ¾ Technology for effluent treatment and waste reuse ¾ Biology and genetics of new fish species for aquaculture ¾ Sea food safety and quality monitoring ¾ Physiology of fish gastrointestinal tract ¾ Search for alternative raw materials ¾ Development of recirculation technology ¾ Cryo-biology and fish gamete cryopreservation ¾ Development of animal welfare indicators ¾ Marine fish stocks assessment ¾ Models for integrated management of coastal zones Coordinator FP6 Collective research AQUAETREAT FP6 Coordination Action AQUAGRIS FP7 Marie-Curie IRSES PASSA TECNOSEA – Academic Spin-off PROJECTPROJECT IDEAIDEA Life sciences, Life sciences, Life sciences, Life sciences Biotechnological Application in wastewater treatment for the Prevention of Pollution and Bioremediation in Intensive Aquaculture (Acronym AQUAETREAT Biotech) KEY OBJECTIVE To make innovative improvement in the aquaculture effluent treatment systems through the application of novel biotechnological solutions EXPECTED OUTPUT Development of a comprehensive integrated bioremediation technological package for water use optimisation and waste re-use and valorisation promoting sustainable aquaculture industry PARTNERPARTNER SOUGHTSOUGHT Life sciences, Life -
THE MIT JAPAN I PROGRAM
THE MIT JAPAN i PROGRAM ) 7 j AeA N I Science, Technology, Management 0 'Y NNIP 0 N-1-T-111 i i -6 Indigenous Innovation and Industrialization: Foundations of Japanese Development and Advantage William Lazonick and William Mass i MITJP 95-03 Center for International Studies Massachusetts Institute of Technology i----- Indigenous Innovation and Industrialization: Foundations of Japanese Development and Advantage William Lazonick and William Mass MITJP 95-03 Distributed Courtesy of the MIT Japan Program Science * Technology * Management Center for International Studies Massachusetts Institute of Technology Room E38-7th Floor Cambridge, MA 02139 phone: 617-253-2839 fax: 617-258-7432 © MIT Japan Program About the MIT Japan Program and its Working Paper Series The MIT Japan Program was founded in 1981 to create a new generation of technologically sophisticated "Japan-aware" scientists, engineers, and managers in the United States. The Program's corporate sponsors, as well as support from the government and from private foundations, have made it the largest, most comprehensive, and most widely emulated center of applied Japanese studies in the world. The intellectual focus of the Program is to integrate the research methodologies of the social sciences, the humanities, and technology to approach issues confronting the United States and Japan in their relations involving science and technology. The Program is uniquely positioned to make use of MIT's extensive network of Japan-related resources, which include faculty, researchers, and library collections, as well as a Tokyo-based office. Through its three core activities, namely, education, research, and public awareness, the Program disseminates both to its sponsors and to the interested public its expertise on Japanese science and technology and on how that science and technology is managed. -
Economic Democracy at Work: Why (And How) Workers Should Be Represented on US Corporate Boards
Lenore Palladino, University of Massachusetts, Amherst∗ Economic Democracy at Work: Why (and How) Workers Should be Represented on US Corporate Boards Abstract: Workers should have representation on corporate boards of directors in the United States. Employees are key stakeholders whose contribution is necessary for the success of innovative enterprises. In contrast to the “shareholder primacy” theory of corporate governance, which claims that only shareholders should have decision-making authority, the argument made here is that also granting employees a voice on the corporate board will have positive effects for employees and the company as a whole. Yet implementing such a reform in the twenty-first-century US context is not simply a matter of importing a European model. Effective policy design requires consideration of the US workforce structure and the important prohibition on employer-dominated organizations in US labor law, and developing appropriate mechanisms for worker-director election, representation, and worker organization. Worker representation on boards will not be effective in a vacuum, but is an important component of overall reform efforts to strengthen the US economy. Keywords: Boards of directors; corporate governance; stakeholders; worker representation on corporate boards I. Introduction For the past four decades, US corporate governance has followed a “shareholder primacy” model (Lazonick and O’Sullivan 2000; van der Zwan 2014). The Law and Economics theory of shareholder primacy claims that the shareholder is the sole corporate stakeholder who makes a risky investment; therefore, the maximization of shareholder value is defended as the sole goal of corporations, and management “agents” owe allegiance only to the shareholder “principals” (Jensen and Meckling 1976). -
William Lazonick*+
The Functions of the Stock Market and the Fallacies of Shareholder Value William Lazonick*+ Working Paper No. 58 June 3, 2017 (revised July 20, 2017) ABSTRACT Conventional wisdom has it that the primary function of the stock market is to raise cash for companies for the purpose of investing in productive capabilities. The conventional wisdom is wrong. Academic research on sources of corporate finance shows that, compared with other sources of funds, stock markets in advanced countries have been insignificant suppliers of capital for corporations. The purpose of this essay is to build a rigorous and relevant conception of the evolving role of the stock market in the U.S. corporate economy. In fact, the functions of the stock market go well beyond “cash” to include four other functions, which can be summarized as “control,” “creation,” “combination,” and “compensation.” In this paper, I argue, based on historical evidence, that in the growth of the U.S. economy the key function of the stock market was control. Specifically, the stock market enabled the separation of managerial control over the allocation of corporate resources from the ownership of the company’s shares. Yet, assuming that the key function of the stock market * University of Massachusetts Lowell and the Academic-Industry Research Network. [email protected] + This paper has been prepared for a volume What Next for Corporate Governance? edited by Ciaran Driver and Grahame Thompson. Funding for this research came from the Institute for New Economic Thinking, the European Union Horizon 2020 Project No. 649186 on Innovation-Fuelled Sustainable and Inclusive Growth, and the Korea Economic Research Institute.