By William Lazonick
Can the USA refashion its high-tech enterprise version to generate good and equitable fiscal progress and function an instance for the way different complex economies can in achieving sustainable prosperity? In addressing this key query, Lazonick presents
* old research of the increase of the "New economic climate enterprise version" (NEBM), from its beginnings in Silicon Valley within the Sixties to the net increase of the overdue Nineties;
* research of ways vital outdated financial system agencies restructured in makes an attempt to transition from the "Old economic system company version" (OEBM) to NEBM;
* research of the connection among employment safety and retirement safety lower than either OEBM and NEBM; and
* a dialogue of the implication for sustainable prosperity of the increase and dominance of NEBM. it is a booklet that any one attracted to the U.S. high-tech exertions strength, the globalization of the ICT undefined, and, really, the skill in which a complicated financial system can in attaining sustainable prosperity will locate essential.
This booklet is the winner of the 2010 Schumpeter Prize pageant.