William Lazonick - How Government Helps, and Wall Street Hurts, the Innovative Enterprise

The video features Professor Bill Lazonick discussing the role of innovation as a key driver of economic growth and the importance of the innovative enterprise. He emphasizes the collective nature of innovation, involving government and various stakeholders. The discussion also covers the uncertainties in innovation, the role of venture capital, and the impact of the stock market. Historical perspectives on corporations and the effects of managerial and shareholder revolutions on the economy are also explored.

What insights did the speaker gain from reading 'The Visible Hand' by Alfred Chandler?

What was the significance of the managerial revolution discussed in the context of corporations?

How did the ideology of creating value for shareholders transform corporate behavior?

What connections can be made between innovation, economic welfare, and inequality?