Since the 1970s a persistent feature of the U.S. economy has been increasing income inequality, to the point where the United States now has the most unequal distribution of income among the advanced industrial economies. Sustainable prosperity - the spreading of the benefits of economic growth...

If sustainable prosperity is the objective, proposals to reform the corporate governance system must be based on a theory of the innovative enterprise. Without such a theory, stakeholder arguments run the risk of encouraging other groups, besides stockholders, to become claimants to a given, and...

The purpose of this paper is to take issue with the perceptions of the weakness of the Japanese economy and the relative strength of the American economy for generating sustainable prosperity -- the spreading of the benefits of economic growth to more and more people over a prolonged period of...