Business Organization and the Myth of the Market Economy
"Lazonick successfully marries economic theory (especially the work of Marx, Marshall, and Schumpeter) to the history of technology and business organization as exemplified in the books of David Landes and Alfred Chandler. He then applies this blend of insights to contemporary issues of economic growth in Japan and relative decline in Britain and America. The result is a controversial but richly informative analysis--almost an intellectual hand grenade tossed into contemporary discussions. It is hard to think of another scholar who could match the combination of boldness, graceful writing, and intellectual challenge that this book represents."   Thomas K. McCraw, Harvard University"What makes this an interesting book...is Lazonick's unique perspective on the rise and fall of the U.S. economy and the interpretations of it by economists....With the stakes so high, one can only hope that Lazonick's book achieves a wide readership."   Mark S. Mizruchi, Contemporary Sociology"Lazonick's book is provocative and exceptionally well-written, and its superb survey of the central ideas of prominent economic historians alone make the book well worth reading."   Choice"...an important interpretation of economic development and a recognition that theory must be restructured to understand dynamic processes. For the breadth and significance of the questions it poses and the answers it gives, this book deserves a wide reading among economists, historians, and other students of social life."   Journal of Economic Literature