Podcast appearances and mentions of antonio andreoni

William Lazonick (University of Massachusetts) PhD economists almost invariably teach students that the most unproductive firm is the foundation of the most efficient economy. It’s called “perfect competition”, but it’s perfect nonsense. As Joseph Schumpeter put it in Capitalism, Socialism and Democracy (1942): “Perfect competition is not only impossible but inferior, and has no title to being set up as a model of ideal efficiency.” Professor Lazonick explains why economists teach this absurd theory of the firm and its debilitating implications for understanding how the economy functions and performs. He then argues that everyone (and not just economists) needs a theory of innovative enterprise. Speaker biography: William Lazonick is President of the Academic-Industry Research Network and University of Massachusetts Professor of Economics Emeritus. Previously, Lazonick was Assistant and Associate Professor of Economics at Harvard University, Professor of Economics at Barnard College of Columbia University, and Distinguished Research Professor at INSEAD in France. He has professorial affiliations with SOAS University of London and Institut Mines-Télécom in Paris. He earned a B.Com. (Commerce and Finance) at the University of Toronto, M.Sc. (Economics) at London School of Economics, and Ph.D. (Economics) at Harvard University. Uppsala University and University of Ljubljana have awarded him honorary doctorates. Lazonick’s research focuses on the social conditions of innovation, socioeconomic mobility, employment opportunity, income distribution, and economic development in advanced and emerging economies. His forthcoming book, with Jang-Sup Shin, is Predatory Value Extraction: How the Looting of the US Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored (Oxford University Press). Organised by the Industrial Development and Policy Research Cluster. Chaired by Antonio Andreoni. Speakers: William Lazonick (University of Massachusetts), Antonio Andreoni (SOAS) Released by: SOAS Economics Podcasts

Antonio Andreoni (SOAS) The panel discussion will address Tanzania's political economy situation, with a focus on the ACE research programme in the country. Antonio will introduce his political settlement analysis of Tanzania and introduces the ACE research approach and agenda. He will provide a number of cases to highlight feasible strategies for improving development outcomes in several sectors of the economy. REPOA and ESRF are research partners for the ACE programme in Tanzania. Speaker biography: Antonio Andreoni is Senior Lecturer in Economics at SOAS University of London ad Research Director of the Anti-Corruption Evidence (ACE) Research Consortium. Antonio is also Visiting Professor at the University of Johannesburg, Convenor of the Industrial Development and Policy Research Cluster at SOAS and Member of the SOAS Centre for African Studies. Antonio has published extensively on industrial development, manufacturing firms, ecosystems and technological change, governance and policies in both developed and developing countries, especially Tanzania, South Africa and Ethiopia. Antonio acted as advisor for several UN Agencies, including UNIDO, ILO, UNDP, UNCTAD and UNECA, as well as the World Bank, DFID and various government agencies. Antonio holds a PhD from the University of Cambridge. Speakers: Antonio Andreoni (SOAS), Godlisten Pallangyo (Britain Tanzania Society) Released by: SOAS Economics Podcasts

Sue Konzelmann, Birbeck College, University of London, Marc Fovargue-Davies, Birbeck College, University of London XIII SOAS IDP Lecture - Industrial Development and Policy Cluster, Department of Economics Labour, Finance and Inequality is a study of the interaction between politics, economics, social dynamics and the legal framework - and the process of change in the conventional wisdom and the policies informed by it. these are examined against the backdrop of British history from the early twentieth century to the present, to access why change happens, why it doesn't always happen when it might be expected to and relative power of key segments of society on this process. We will also take into account shifts in the relative power of the state and international business and finance, and how this has affected both the policy options available to national governments and their relative effectiveness. Book reference: Sue Konzelmann, Marc Fovargue-Davies, Frank Wilkinson and Simon Deakin (forthcoming) Labour, Finance and Inequality: The Changing Nature of Economic Policy in Britain. Routledge Speaker(s): Sue Konzelmann (Birbeck College, University of London) Marc Fovargue-Davies (Birbeck College, University of London), Antonio Andreoni,(SOAS University of London) Event Date: 07 June 2017 Released by: SOAS Economics Podcast

Prof. Bill Lazonick. We can define economic development as sustained productivity growth that is equitably shared among the population on a stable basis. Underpinning economic development are innovation processes that, by generating higher quality products at lower unit costs, can raise standards of living. In general, investment in these innovation processes is carried out by business enterprises that must compete for markets to survive. The foundation of a theory of economic development is, therefore, a theory of innovative enterprise. In this lecture, I will lay out the key concepts – strategic control, organizational integration, and financial commitment – in the theory of innovative enterprise to provide a framework for analyzing the social conditions that enable innovation to occur. Then I will discuss the implications of the theory of innovative enterprise for understanding productivity growth, income distribution, and employment stability in a national economy as a whole. Finally, drawing on the history of economic development over the past century, I will highlight changes over time and across nations in the characteristics of innovative enterprise and, relatedly, national paths to equitable and stable economic growth. William Lazonick is professor of economics and director of the Center for Industrial Competitiveness at University of Massachusetts Lowell. He is co-founder and president of The Academic-Industry Research Network. He is the author or editor of 13 books, including Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States (2009) winner of the 2010 International Joseph A. Schumpeter Prize. His article, "Innovative Business Models and Varieties of Capitalism," received the Henrietta Larson Award from Harvard Business School for best article in Business History Review in 2010. His Harvard Business Review article “Profits Without Prosperity: Stock Buybacks Manipulate the Market and Leave Most Americans Worse Off” received the HBR McKinsey Award for outstanding article in Harvard Business Review in 2014. Lazonick is currently completing a book, The Theory of Innovative Enterprise, to be published by Oxford University Press. The Public debate will be chaired by Antonio Andreoni and animated by IDP members and fellows including Mushtaq Khan, Chris Cramer, Ben Fine, Machiko Nissanke, Carlos Oya, Massoud Karshenas, Christine Oughton, Robert Wade (LSE), Akbar Noman (Columbia University, IPD) Mike Best (Mass Lowell), Moazam Mahmood (International Labour Organisation) and representatives from BNDES, London Office Speaker(s): Bill Lazonick (University of Massachusetts Lowell), Antonio Andreoni (SOAS) Event Date: 30 June 2015 Released by: SOAS Economics Podcast

Prof. Raphael Kaplinsky and Dr Antonio Andreoni. During the 1980s and 1990s, Industrial Policy went out of fashion as a consequence of the hegemony of neo-liberal dogma. Industrial Policy is now back in fashion. But will the revival of Industrial Policy lead to sustainable and inclusive growth? With the global spread of production capabilities and the fracturing of global value chains, it is no longer self-evident that industrialisation will continue to play its historical role as the driver of productivity growth and sustainable incomes. However, this does not mean that unrestricted market forces will deliver these developmental goals. But if market failures are endemic to capitalist accumulation, and if Industrial Policy no longer delivers the desired results, what other policy agendas might meet the challenge of promoting structural change, sustainable income growth and more inclusive patterns of economic growth? Professor Raphael Kaplinsky is Honorary Professor at the Science Policy Research Unit, and is also an Emeritus Professor at the Institute of Development Studies and at the Open University. Speaker(s): Professor Raphael Kaplinsky, Dr Antonio Andreoni Event Date: 8 February 2016 Released by: SOAS Economics Podcast

In this talk, Dr Pallavi Roy, Mushtaq Khan and Antonio Andreoni discuss Anti-corruption strategies in adverse contexts and how to identify anti-corruption activities that are likely to have a high impact and that can be feasible in these contexts. This talk was recorded on 18 October 2016