Sanford Jacoby, the Howard Noble Professor of Management at UCLA's Anderson School of Management, presents a lecture on the future of capitalism.
Professor Jacoby, a historian and economist, discusses his paper, titled "Finance and Labor: Perspectives on Risk, Inequality, and Democracy," in which he argues that social protest and severe populist regulation of the financial industry are likely outcomes of unchecked income and wealth disparities.
This is followed by a discussion with distinguished economists from three walks of life, including government, the labor movement and Wall Street- The New School
Sanford M. Jacoby is the Howard Noble Professor of Management and the Area Chair of Human Resources and Organizational Behavior at the UCLA Anderson School of Management. He holds joint appointments in two UCLA departments: history and public policy. A member of the UCLA faculty since 1980, Jacoby is the author of four books and numerous articles on human resources, industrial relations, labor markets, and employment relations.
Jacobyâ€™s latest book, Modern Manors: Welfare Capitalism since the New Deal analyzes the development of large, progressive nonunion companies in the United States. His recent research focuses on contemporary employment issues, including papers on employees and corporate governance, on the future of career jobs, and on employer networks and high-performance work practices. Currently he is engaged in a major research project studying high-level HR executives in Japan and the United States, a project supported by an Abe Fellowship. Another current project is a revised edition of his prize-winning book, Employing Bureaucracy.
Jacoby was born in New York City in 1953. He received his A.B, magna cum laude, with honors in economics, from the University of Pennsylvania and his Ph.D. in economics from U.C. Berkeley.
Charles Jeszeck is an economist with the U.S. Government Accountability Office.
Mark Levinson is chief economist and director of policy for the Union of Needletrades, Industrial and Textile Employees (which recently merged with Hotel Employees and Restaurant Employees International Union to form UNITE HERE!). Mr. Levinson received a B.A. in economics and sociology from Colorado State University, and a Ph.D. in economics from the New School for Social Research in 1985. For the past fifteen years, he has worked as an economist for labor unions, including the United Automobile Workers, American Federation of State, County and Municipal Employees, and UNITE. At UNITE HERE! he is responsible for directing research on companies in the apparel and textile industries, as well as analyzing these industries globally.
Mr. Levinson also helped to set up the Fiscal Policy Institute, a coalition of unions and religious and social service organizations that publishes ?The State of Working New York? and other reports on New York city and state budget and tax policy. In his work with the AFL-CIO, he has been involved with the labor movement's Campaign for Global Fairness and has testified before Congress several times on international trade issues. He is on the editorial board and is a book review editor for Dissent magazine, and is a member of the National Advisory Committee for the North American Agreement on Labor Cooperation. His writings on trade policy, labor rights, and the global economy have been published in Dissent, New Labor Forum, The Nation, Boston Review and The New York Times. As a 2002/2003 Revson fellow at Columbia University, Mr. Levinson was engaged in research on globalization and how to improve the conditions of working people in the global economy.
Peter Rappoport is head of fixed income quantitative strategy at J.P. Morgan & Company, Inc. Previously, he taught economics at Rutgers University and at New York University and worked at the Federal Reserve Bank of New York. Mr. Rappoport holds a B.A. from Oxford University and a Ph.D. in economics from the University of California, Berkeley.
Sanford Jacoby, economist and professor at UCLA's Anderson School of Management, explains since major shareholders tend to already be wealthy, economic growth actually creates greater disparities of wealth historically.