Lazonick, William; Mazzucato, Mariana - In: Industrial and Corporate Change 22 (2013) 4, pp. 1093-1128
We present a framework, called the Risk-Reward Nexus, to study the relationship between innovation and inequality. We ask the following question: What types of economic actors (workers, taxpayers, shareholders) make contributions of effort and money to the innovation process for the sake of...