William J. Holstein

"The Next American Economy: Blueprint For a Real Recovery"

The Next American Economy, by William J. HolsteinRead the book that former President Bill Clinton calls "excellent." He also issued a formal endorsement, saying: "William J. Holstein’s 'The Next American Economy: Blueprint for a Real Recovery' is an essential roadmap for America’s renewal and an insightful reckoning of the global challenges ahead."
The Obama Administration also seems to be taking cues from the book. My book is not a silver-bullet solution to all that ails the economy, but Americans need to face up to our structural competitive challenges, rather than waiting for things to simply "bounce back to normal." That is never going to happen.

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A Revealing Account of How The U.S. Often Doesn't Commercialize Its Own Technology

One of the drums that I keep beating is that we Americans need to do a better job of commercializing the ideas that come out of what I call our "idea factories"--our universities, research institutes, and weapons labs. We blew it with the transistor, for example, and the Japanese took the idea and created the transistor radio industry. Remember the transistor radio? Now here is another example where we had some fundamental breakthroughs in technology but the economic model, i.e. the old RCA, collapsed, causing the technology to flow elsewhere.

Have We Reached The "Promised Land?"

Give me a break. Stuart Hoffman, chief economist at PNC Financial Services Group, was quoted as saying this after the latest job numbers were reported: "I think we've finally reached the promised land of a self-sustaining, self-reinforcing economic recovery."

It sure doesn't feel like the promised land to millions of Americans who can't find well-paying jobs. Economists keep trying to peddle these grand pronouncements about a return to healthy economic conditions. I wonder what's in the water they are drinking.

My thanks to UCLA

It was terribly civil of UCLA to come out and answer the questions that I raised in a blog last week. According to this article in the Wall Street Journal, it looks to me like it is a sound management structure and philosophy. I have great hopes that this model spreads throughout the United States. I've long argued that universities need to do a better job of nurturing the entire ecosystem of innovation and commercialization, not just allow an idea to be licensed:

The New York Times Muffs "Globalization"

I know everyone is suffering brain fatigue talking about big concepts like globalization, but I was struck by how Eduardo Porter of the Times just didn't get it right in a commentary this week. So I have poured it in below and annotated it IN ALL CAPS....

 

Globalization Is in Retreat? Not So Fast

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