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William Lazonick

William Lazonick
William H. LazonickProfessor in Economics, Co-Director of Center for Industrial Competitiveness
  • College
    College of Fine Arts, Humanities and Social Sciences
  • Department
    Economics
  • Phone
    (978) 934-4246
  • Email

Research Interests

Lazonick’s research focuses on the social conditions of innovation and economic development in  advanced and emerging economies. 

Education

  • Ph D: Economics, (1975), Harvard University
    Dissertation/Thesis Title: Marxian theory and the development of the labor force in England
  • , (1970), Institut Universitaire de Hautes Etudes Internationales, Geneva
  • MS: Economics, (1969), London School of Economics
  • Other, (1968), University of Toronto

Biography

William Lazonick is a professor of economics at the University of Massachusetts Lowell, where he directs the Center for Industrial Competitiveness. He is co-founder and president of The Academic-Industry Research Network. He is also a visiting professor at the University of Ljubljana. ?Previously, Lazonick was Assistant and Associate Professor of Economics at Harvard University, Professor of Economics at Barnard College of Columbia University, and Distinguished Research Professor at INSEAD in France. He also holds an honorary doctorate from Uppsala University (1991). ?
Lazonick’s research focuses on the social conditions of innovation and economic development in ?advanced and emerging economies. His book, Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States (Upjohn Institute for Employment Research 2009) was awarded the 2010 Schumpeter Prize by the International Schumpeter Society. His article, “Innovative Business Models and Varieties of Capitalism,” won the Henrietta Larson Award from Harvard Business School for best article in Business History Review in 2010. He is working on a book, The Theory of Innovative Enterprise, to be published by Oxford University Press. He has been a critic of shareholder-value ideology since the 1980s. He is currently running a project, “Financial Institutions for Innovation and Development” funded by the Ford Foundation, and another project on “Impatient Capital in High-Tech Industries” funded by the Institute for New Economic Thinking.

Selected Awards and Honors

  • Ontario Institute of Chartered Accountants Scholarship, Scholarship/Research - Ontario Institute of Chartered Accountants
  • McKinsey Award (Best HBR Article of 2014) (2015) - Harvard Business Review
  • Henrietta Larson Award (2011) - Harvard Business School
  • Schumpeter Prize (2010) - International Schumpeter Society
  • Schumpeter Prize, Best Book Prize for "Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States" (2010) - Upjohn Institute for Employment Research
  • Honorary Doctor of Philosophy (1991) - Uppsala University
  • President (1990) - Business History Conference
  • Fellowship and Visiting Member, Social Sciences (1989) - Princeton University Institute for Advanced Study
  • Visiting Member, Social Sciences (1989) - Institute for Advanced Study, Princeton
  • Research Fellow (1985) - German Marshall Fund of the United States
  • Harvard-Newcomen Business History Research Fellow (1984) - Harvard Business School
  • Newcomen Award in Business History (1984) - Newcomen Society/Business History Review
  • Newcomen-Harvard Award (1984), Scholarship/Research - Harvard Business School
  • Research Fellow (1984) - Harvard-Newcomen Business History Program
  • Canada Council Doctoral Fellowship (1970) - Harvard University
  • Mark of Distinction (1969), Scholarship/Research - London School of Economics
  • O'Keefe Award (1965)
  • Reuben Wells Leonard Scholarship (1965), Scholarship/Research - University of Toronto
  • Zwaigenbaum Prize (1965)
  • Ontario Scholar (1964)

Selected Publications

  • Lazonick, W.H., Zhou, Y., Sun, Y. (2016) "China as an Innovation Nation," Oxford University Press
  • Lazonick, W.H. (2016) "Department of Regional and Social Development, Lowell, MA, USA,"
  • Lazonick, W.H. (2016) "Innovative Enterprise or Sweatshop Economics?: In Search of Foundations of Economic Analysis," Challenge (05775132) 59:2 pp. 65
  • Lazonick, W.H., Hopkins, M. (2016) "The Mismeasure of Mammon: Uses and Abuses of Executive Pay Data,"
  • Lazonick, W.H. (2015) "How the US Securities and Exchange Commission Encourages Stock-Market Manipulation, and Why It Undermines the Performance of the Economy," Sase
  • Lazonick, W.H. (2015) "Innovative Enterprise or Sweatshop Economics? In Search of Foundations of Economic Analysis," Institute for New Economic Thinking, The Academic-Industry Research Network (theAIRnet) Institute for New Economic Thinking Working Paper Series No. 25
  • Lazonick, W.H. (2015) "When Managerial Capitalism Embraced Shareholder-Value Ideology," International Journal of Political Economy 44:2 pp. 90
  • Lazonick, W.H., Lippert, I., Huzzard, T., Jrgens, U. (2014) "Corporate Governance, Employee Voice, and Work Organization: Sustaining High-Road Jobs in the Automotive Supply Industry," Oxford University Press
  • Lazonick, W., Beyer, J., Faus, M., Holst, H., Kratzer, N., Mautz , R., Kadtler , J., Wolf, H. (2014) "Finanzmarktkapitalismus? Der Einfluss von Finanzialisierung auf Arbeit, Wachstum und Innovation," Campus
  • Lazonick, W.H. (2014) "Innovative Enterprise and Shareholder Value," Law and Financial Markets Review 8:1 pp. 52
  • Lazonick, W.H. (2014) "Labor in the Twenty-First Century: The Top 0.1 Percent and the Disappearing Middle-Class," Institute for New Economic Thinking, The Academic-Industry Research Network (theAIRnet) AIR Working Paper #14-08/01
  • Moss, P.I., Lazonick, W.H., Salzman, H., Tulum, Ö. (2014) "Skill Development and Sustainable Prosperity: Cumulative and Collective Careers versus Skill--Biased Technical Change," Institute for New Economic Thinking, Working Group on the Political Economy of Distribution; The Academic-Industry Research Network (the AIRnet) Working Paper No. 7
  • Hopkins, M., Lazonick, W.H. (2014) "Who Invests in the High-Tech Knowledge Base?," Institute for New Economic Thinking, The Academic-Industry Research Network (theAIRnet) Institute for New Economic Thinking Working Paper Series No. 14
  • Lazonick, W.H. (2014) "Why Everyone Does Better when Employees have a Say in the Workplace,"
  • Lazonick, W.H. (2014) "The Dirty Little Secret of Stock Buybacks: Interaction," Harvard business review 92:11 pp. 24
  • Lazonick, W.H. (2014) "Profits without Prosperity," Harvard business review 92:9 pp. 46-55
  • Lazonick, W.H., Mazzucato, M., Tulum, Ì. (2013) "Apple’s changing business model: What should the world’s richest company do with all those profits?," Accounting Forum 37: pp. 249-267
  • Lazonick, W.H., Li, Y. (2013) "China's Path to Indigenous Innovation," Working paper
  • Lazonick, W.H. (2013) "Financialization of the US Corporation: What has been Lost, and How it can be Regained, The," HeinOnline
  • Lazonick, W.H. (2013) "How We Became the 99%, and What We Can Do About It,"
  • Hopkins, M., Lazonick, W.H., Prosperity, S. (2013) "Soaking Up the Sun and Blowing in the Wind: Clean Tech Needs Patient Capital,"
  • Lazonick, W.H. (2013) " The Financialization of the U.S. Corporation: What Has Been Lost, and How It Can Be Regained," Seattle University Law Review 36: pp. 857
  • Lazonick, W.H. (2013) "The Fragility of the U.S. Economy: The Financialized Corporation and the Disappearing Middle Class," Oxford and New York: Oxford University Press pp. 232-276
  • Lazonick, W.H. (2013) "The Theory of Innovative Enterprise: A Foundation of Economic Analysis," theAIRnet working paper, February, at http://www. theairnet. org/files/research/lazonick/Lazonick% 20The% 20Theory% 20of% 2 0Innovative% 20Enterprise% 2020130501. pdf
  • Lazonick, W.H., Mazzucato, M. (2013) "The Risk-Reward Nexus in the Innovation-Inequality Relationship: Who Takes the Risks? Who Gets the Rewards?," Industrial & Corporate Change 22:4 pp. 1093
  • Lazonick, W.H. (2012) "Alfred Chandler's Managerial Revolution: Developing and Utilizing Productive Resources," Management Innovation: Essays in the Spirit of Alfred D.Chandler, Jr.
  • Lazonick, W.H. (2012) "Corporate Governance, Innovative Enterprise, and Executive Pay," Handbook on the Economics and Theory of the Firm
  • Lazonick, W.H. (2012) "In the Name of Shareholder Value: How Executive Pay and Stock Buybacks are Damaging the US Economy," The SAGE Handbook of Corporate Governance
  • Lazonick, W.H., Teece, D.J. (2012) "Management Innovation: Essays in the Spirit of Alfred D. Chandler, Jr,"
  • Lazonick, W.H. (2012) "Who Needs a Theory of Innovative Enterprise?,"
  • Lazonick, W.H. (2011) "Comment on Nathan Rosenberg, "as Schumpeter a Marxist?"," Industrial and Corporate Change 20:4 pp. 1229-1233
  • Lazonick, W.H. (2011) "Corporate Resource Allocation in the US Economy: Why Those Jobless Recoveries Won t Go Away,"
  • Lazonick, W.H. (2011) "Finance, Innovation & Growth (FINNOV),"
  • Lazonick, W.H. (2011) "From Innovation to Financialization: How Shareholder Value Ideology is Destroying the US Economy,"
  • Lazonick, W.H., Tulum, Ö. (2011) "US Biopharmaceutical Finance and the Sustainability of the Biotech Business Model," Research Policy 40:9 pp. 1170-1187
  • Parris, S., Lazonick, W.H., Mazzucato, M., Nightingale, P. (2010) "Finance, Innovation & Growth (FINNOV),"
  • Lazonick, W.H. (2010) "Innovative Business Models and Varieties of Capitalism: Financialization of the U.S. Corporation," Business History Review 84:4
  • Lazonick, W.H., Teece, D.J. (2010) "Introduction: Management innovation-Essays in the spirit of Alfred D. Chandler, Jr," Industrial and Corporate Change 19:2 pp. 295-296
  • Mazzucato, M., Lazonick, W.H. (2010) "Limits to 3% R&D Target,"
  • Lazonick, W.H. (2010) "Marketization, Globalization, Financialization: The Fragility of the US Economy in an Era of Global Change,"
  • Lazonick, W.H. (2010) "The Chandlerian Corporation and the Theory of Innovative Enterprise," Industrial and Corporate Change 19:2 pp. 317-349
  • Lazonick, W.H. (2010) "The Explosion of Executive Pay and the Erosion of American Prosperity," Entreprises et histoire 4 pp. 141-164
  • Lazonick, W.H. (2010) "The Fragility of the US economy: The Financialized Corporation and the Disappearing Middle Class,"
  • Lazonick, W.H., March, E. (2010) "The Rise and Demise of Lucent Technologies,"
  • Lazonick, W.H., Tulum, Ã. (2010) "US Biopharmaceutical Finance and the Sustainability of the Biotech Boom,"
  • Lazonick, W.H. (2009) "Business History and Economic Development," The Oxford Handbook, op.cit pp. 67-69
  • Lazonick, W.H. (2009) "Entrepreneurship, Innovative Enterprise and Economic Development," Cases in Technological Entrepreneurship: Converting Ideas Into Value
  • Lazonick, W.H., Sakinc, M.E., Tulum, O. (2009) "Financing the US Biopharmaceutical Industry,"
  • Lazonick, W.H. (2009) "Sustainable Prosperity in the New Economy," Upjohn Institute for Employment Research, Kalamazoo, MI pp. 13-35
  • Lazonick, W.H. (2009) "The New Economy Business Model and the Crisis of U.S. Capitalism," Capitalism and Society 4:2
  • Lazonick, W.H. (2009) "What is New, and Permanent, about the" New Economy"?,"
  • Lazonick, W.H. (2008) "Everyone is Paying Price for Share Buy-backs," Financial Times September 26:
  • Lazonick, W.H. (2008) "Innovation Knowledge and Development,"
  • Lazonick, W.H. (2008) "The Quest for Shareholder Value: Stock Repurchases in the US Economy," Recherches Economiques De Louvain-Louvain Economic Review 74:4
  • Lazonick, W.H., March, E. (2008) "The Rise and Fall of Lucent Technologies," UMass Lowell
  • Lazonick, W.H., March, E., Tulum, Ã. (2007) "Boston's Biotech Boom," UMass Lowell Center for Industrial Competitiveness Working Paper, May
  • Lazonick, W.H. (2007) "Employment Relations and Corporate Pensions in the New Economy," Employee Pensions and Labor Relations, Labor and Employment Relations Association Research Volume (forthcoming)
  • Lazonick, W.H. (2007) "Innovative Enterprise and Economic Development," Business Performance in the Twentieth Century: A Comparative Perspective.Cambridge University Press, forthcoming
  • Lazonick, W.H. (2007) "Shareholder Value and the Governance of Innovative Enterprise," Perspektiven der Corporate Governance pp. 472-500
  • Lazonick, W.H. (2007) "The US Stock Market and the Governance of Innovative Enterprise," Industrial and Corporate Change 16:6 pp. 983-1035
  • Lazonick, W.H. (2007) "Varieties of Capitalism and Innovative Enterprise," Comparative Social Research 24: pp. 21-69
  • Lazonick, W.H. (2006) "China, East Asia, and the Globalization of High-Tech Labor,"
  • Lazonick, W.H. (2006) "Corporate Governance, Innovative Enterprise, and Economic Development,"
  • Lazonick, W.H. (2006) "Evolution of the New Economy Business Model," E.Brousseau
  • Lazonick, W.H. (2006) "Globalization of the ICT labor force," R.Mansell, C
  • Glimstedt, H., Lazonick, W.H., Xie, H. (2006) "The Evolution and Allocation of Employee Stock Options: Adapting US-style Compensation to the Swedish Business Model," European Management Review 3:3 pp. 156-176
  • Lazonick, W.H., Quimby, O.S. (2006) "Transitions of a Displaced High Tech Labor Force,"
  • Lazonick, W.H., Prencipe, A. (2005) "Dynamic Capabilities and Sustained Innovation: Strategic Control and Financial Commitment at Rolls-Royce plc," Industrial and Corporate Change 14:3 pp. 501-542
  • Lazonick, W.H., Fagerberg, J., Mowery, D.C., Nelson, R. (2005) "The Innovative Firm,"
  • Lazonick, W.H. (2005) "The Institutional Triad and Japanese Development," translated into Japanese] in Glenn Hook and Akira Kudo (eds), The Contemporary Japanese Enterprise, Yukikaku Publishing 1: pp. 55-82
  • Lazonick, W.H. (2004) "American Corporate Economy V3 Author: William Lazonick, Publisher: Routledge Pages: 344 Published: 2004-11-11 ISBN-10: 04,"
  • Lazonick, W.H. (2004) "Corporate Restructuring," Stephen Ackroyd, Rose Batt
  • Lazonick, W.H. (2004) "Indigenous Innovation and Economic Development: Lessons from China's Leap into the Information Age," Industry and Innovation 11:4 pp. 273-297
  • Lazonick, W.H., Prencipe, A. (2004) "The Governance of Innovation: The Case ofRolls-Royceplc," Corporate Governance and Firm Organization: Microfoundations and Structural Forms
  • Lazonick, W.H., O'Sullivan, M. (2004) "Value: A New Ideology fi," Theories of Corporate Governance: The Theoretical Foundations
  • Lazonick, W.H. (2003) "Stock Options and Innovative Enterprise: Evolution of a Mode of High-Tech Compensation," UMass Lowell and INSEAD, working paper, August
  • Lazonick, W.H., Larrue, P., O'Sullivan, M. (2003) "The European Challenge in Videogame Software: The French Touch and the Britsoft Paradox," Secrets of the Game Business, Hingham: Charles River pp. 65-77
  • Lazonick, W.H., Carpenter, M., O'Sullivan, M. (2003) "The Stock Market and Innovative Capability in the New Economy: the Optical Networking Industry," Industrial and Corporate Change 12:5 pp. 963-1034
  • Lazonick, W.H. (2003) "The Theory of the Market Economy and the Social foundations of Innovative Enterprise," Economic and Industrial Democracy 24:1
  • Lazonick, W.H. (2002) "American Corporate Economy: Critical Perspectives on Business and Management," 4:
  • Lazonick, W.H., O'Sullivan, M. (2002) "Corporate governance and sustainable prosperity,"
  • Lazonick, W.H., Fiddy, M., Quimby, S. (2002) "Grow your own in the New economy? Skill-formation Challenges in the New England Optical Networking Industry," Globalization, Universities and Issues of Sustainable Human Development
  • Lazonick, W.H. (2002) "Innovative enterprise and historical transformation," Enterprise and Society 3:1 pp. 3-47
  • Lazonick, W.H. (2002) "Managerial Capitalism and Economies of Speed," American Corporate Economy: Critical Perspectives on Business and Management 3:
  • Lazonick, W.H., Fiddy, M., Quimby, S. (2002) "The Northeast Massachusetts Regional Economy," Globalization, universities and issues of sustainable human development
  • Carpenter, M., Lazonick, W.H., O'Sullivan, M.A. (2002) "The Stock Market Corporate Strategy, and Innovative Capability in the'new Economy': The Optical Networking Industry,"
  • Lazonick, W.H. (2001) "Organizational Integration and Sustainable Prosperity," Approaches to Sustainable Development, University of Massachusetts Press, Amherst, MA pp. 46-89
  • Lazonick, W.H. (2001) "Public and Corporate Governance: The Institutional Foundations of the Market Economy," Economic Survey of Europe pp. 59-76
  • Lazonick, W.H., Lu, Q. (2001) "The Organization of Innovation in a Transitional Economy: Business and Government in Chinese Electronic Publishing," Research Policy 30:1 pp. 55-77
  • Lazonick, W.H. (2001) "The Theory of Innovative Enterprise,"
  • Lazonick, W.H. (2001) "The US Industrial Corporation and "The Theory of the Growth of the Firm","
  • Lazonick, W.H., O'Sullivan, M. (2000) "American Corporate Finance: From Organizational to Market Control," Competitiveness matters pp. 106-124
  • Lazonick, W.H. (2000) "From Innovative Enterprise to National Institutions: A Theoretical Perspective on the Governance of Economic Development," CORPORATE GOVERNANCE 23:
  • Lazonick, W.H., O'Sullivan, M. (2000) "Innovation, and Economic Performance,"
  • Lazonick, W.H., O'Sullivan, M. (2000) "Maximizing Shareholder Value: A New Ideology for Corporate Governance," Economy and Society 29:1 pp. 13-35
  • Lazonick, W.H., Sullivan, M. (2000) "Perspectives on Corporate Governance, Innovation, and Economic Performance," Report prepared for the project on Corporate Governance, Innovation, and Economic Performance under the Targeted Socio-Economic Research Programme of the European Commission, June (www.insead.edu/cgep)
  • Lazonick, W.H., Williams, K., Sullivan, M., Morin, F., Jargens, U., Naumann, K., Rupp, J., Froud, J., Haslam, C., Johal, S. (2000) "Special Issue on Shareholders Value and Financialization," Economy and Society 29:1 pp. 1-178
  • Lazonick, W.H. (2000) "Understanding Innovative Enterprise: Toward the Integration of Economic Theory and Business History," manuscript, University of Masachusetss Lowell and The European Institute of Business Administration (INSEAD), Fontainebleau, May
  • Lazonick, W.H. (1999) "Innovative Enterprise in Theory and History," INSEAD, March
  • Lazonick, W.H. (1999) "The Japanese economy and corporate reform: What path to sustainable prosperity?," Industrial and Corporate Change 8:4 pp. 607-633
  • Lazonick, W.H., Dore, R., O'Sullivan, M. (1999) "Varieties of Capitalism in the Twentieth Century," Oxford Review of Economic Policy 15:4
  • Lazonick, W.H. (1999) "World of Possibilities: Flexibility and Mass Production in Western Industrialization," Business History Review 73:2
  • Lazonick, W.H., O'Sullivan, M. (1998) "Corporate Governance and the Innovative Economy: Policy Implications," paper written for the Innovation Systems and European Integration Project, funded by the Targeted Socio-Economic Research Programme of the European Commission (DGXII)
  • Lazonick, W.H., O'Sullivan, M. (1998) "Governance of innovation for economic development," Innovation Systems and European Integration Working Paper
  • Lazonick, W.H. (1998) "Japanese corporate governance and strategy: Adapting to financial pressures for change," Economics Public Policy Brief Archive
  • Lazonick, W.H. (1998) "Organisational Learning and International Competition: The Skill-Base Hypothesis paper," Jerome Levy Economics Institute of Bard College
  • Lazonick, W.H. (1998) "Organizational Learning and International Competition," Globalization, growth, and governance: creating an innovative economy
  • Lazonick, W.H. (1998) "The Japanese Financial Crisis, Corporate Governance, and Sustainable Prosperity," Corporate Governance, and Sustainable Prosperity (February 1998).Levy Economics Institute Working Paper 227
  • Lazonick, W.H., O'Sullivan, M. (1997) "Big Business and Skill Formation in the Wealthiest Nations: The Organizational Revolution in the Twentieth Century," Big business and the wealth of nations pp. 497-521
  • Lazonick, W.H., O'Sullivan, M. (1997) "Corporate Governance and Corporate Employment: Is Prosperity Sustainable in the United States?,"
  • Lazonick, W.H., O'Sullivan, M. (1997) "Finance and Industrial Development. Part 1: The United States and the United Kingdom," Financial History Review 4: pp. 7-30
  • Lazonick, W.H., O'Sullivan, M. (1997) "Investment in Innovation," Public Policy Brief 37
  • Lazonick, W.H. (1997) "Organizational Foundations of Sustainable Competitive Advantage," Hedging Bets on Growth in a Globalizing Industrial Order: Lessons for the Asian NIEs pp. 251-281
  • Lazonick, W.H., O'Sullivan, M. (1997) "PublicPolicyBrief,"
  • Lazonick, W.H. (1997) "The Anglo-Saxon Corporate System," The Corporate Triangle.Oxford: Blackwell
  • Lazonick, W.H., Dore, R.P., Admiraal, P.H., de Jong, H.W. (1997) "The Corporate Triangle: The Structure and Performance of Corporate Systems in a Global Economy,"
  • Lazonick, W.H., O'Sullivan, M. (1996) "Big Business and Corporate Control," International Encyclopedia of Business and Management 1: pp. 365-383
  • Lazonick, W.H. (1996) "Globalization and Development Lessons for the Malaysian Economy,"
  • Lazonick, W.H., O'Sullivan, M. (1996) "Organization, Finance and International Competition," Industrial and Corporate Change 5:1 pp. 1-49
  • Lazonick, W.H. (1995) "Cooperative Employment Relations in Manufacturing and Japanese Economic Growth," Capital, The State, and Labour.Edward Elgar: Cheltenham
  • Lazonick, W.H., Mass, W. (1995) "Indigenous Innovation and Industrialization: Foundations of Japanese Development and Advantage,"
  • Lazonick, W.H., Mass, W. (1995) "Organizational Capability and Competitive Advantage: Debates, Dynamics and Policy: Introduction," Elgar Reference Collection. International Library of Critical Writings in Business History, vol. 11; Aldershot, U.K.:; Elgar; distributed in the U.S. by Ashgate, Brookfield, Vt pp. xi-xxv
  • Lazonick, W.H., West, J. (1995) "Organizational Integration and Competitive Advantage: Explaining Strategy and Performance in American Industry," Industrial and Corporate Change 4:1 pp. 229-270
  • Lazonick, W.H. (1995) "Theory and History in Marxian Economics," The Future of Economics
  • Lazonick, W.H. (1994) "Creating and Extracting Value: Corporate Investment Behavior and American Economic Performance," Understanding American economic decline pp. 79-113
  • Lazonick, W.H., Floud, R., McCloskey, D. (1994) "Employment Relations in Manufacturing and International Competition," The Economic History of Britain since 1700: pp. 90-116
  • Lazonick, W.H., Cannings, K. (1994) "Equal-Employment Opportunity and the Managerial Woman in Japan," Industrial Relations 33:1
  • Lazonick, W.H., Ferleger, L. (1994) "Higher Education for an Innovative Economy: Land-Grant Colleges and the Managerial Revolution in America," Business and Economic History 23:1 pp. 116-28
  • Lazonick, W.H., O'Sullivan, M. (1994) "Skill Formation in Wealthy Nations: Organizational Evolution and Economic Consequences," STEP-report R-23, Oslo
  • Lazonick, W.H. (1994) "Social Organization and Technological Leadership," Convergence of productivity, ed.WJ Baumol, R.Nelson, and E.Wolff pp. 164-93
  • Lazonick, W.H. (1994) "The Integration of Theory and History," Evolutionary and Neo-Schumpeterian Approaches to Economics pp. 245-263
  • Lazonick, W.H. (1993) "[Book Review] Business Organization and the Myth of the Market Economy," Journal of Economic Literature 31: pp. 894-895
  • Lazonick, W.H. (1993) "Enterprise Unionism in Japan. By Hirosuke Kawanishi. Translated by Ross E. Mouer. London: Kegan Paul International, 1992. Pp. xxvi, 467. $89.95," The Journal of Economic History 53:02 pp. 424-425
  • Lazonick, W.H. (1993) "Industry Clusters Versus Global Webs: Organizational Capabilities in the American Economy," Industrial and Corporate Change 2:1 pp. 1-24
  • Lazonick, W.H. (1993) "Learning and the Dynamics of International Competitive Advantage," Learning and technological change
  • Lazonick, W.H., Ferleger, L. (1993) "The Managerial Revolution and the Developmental State: The Case of US Agriculture," Business and Economic History 22:2 pp. 67-98
  • Lazonick, W.H. (1992) "[Book view] Competitive Advantage on the Shop Floor," Southern Economic Journal 58: pp. 1150-1152
  • Lazonick, W.H. (1992) "Business Organization and Competitive Advantage: Capitalist Transformations in the Twentieth Century," Technology Enterprise in a Historical Perspective.Oxford: Claredon Press Oxford
  • Lazonick, W.H. (1992) "Controlling the Market for Corporate Control: The Historical Significance of Managerial Capitalism," Industrial and Corporate Change 1:3 pp. 445-488
  • Lazonick, W.H. (1992) "Figured Tapestry: Production, Markets, and Power in Philadelphia Textiles, 1885 1941. By Philip Scranton. Cambridge: Cambridge University Press, 1989. Pp. xvi, 518. $49.50," The Journal of Economic History 52:03 pp. 732-734
  • Lazonick, W.H. (1992) "Industry Clusters Versus Global Webs," New York: Department of Economics, Columbia University
  • Lazonick, W.H. (1992) "Inside the Business Enterprise: Chicago, Univ. of Chicago Press, 1992," Journal of economic literature 30:3 pp. 1531-1533
  • Lazonick, W.H. (1992) "Organization and Technology in Capitalist Development,"
  • Lazonick, W.H., Mass, W. (1992) "The British Cotton Industry and International Competitive Advantage: The State of the Debates," Economists of the Twentieth Century series; Aldershot, U.K.:; Elgar; distributed in the U.S. by Ashgate, Brookfield, Vt pp. 83-139
  • Lazonick, W.H. (1991) "Business History and Economics," Presidential Address, Business and Economic History, Second Series 20: pp. 1-13
  • Lazonick, W.H. (1991) "Business Organization and the Myth of the Market Economy,"
  • Lazonick, W.H. (1991) "Organizations and Markets in Capitalist Development," 1991a pp. 253-301
  • Lazonick, W.H. (1991) "What Happened to the Theory of Economic Development?,"
  • Lazonick, W.H. (1990) "Comparative Advantage on the Shop Floor," Cambridge, Mass
  • Foley, D., Lazonick, W.H. (1990) "Corporate Takeovers and the Growth of Productivity," Barnard College.Photocopy
  • Mass, W., Lazonick, W.H. (1990) "The British Cotton Industry and International Competitive Advantage: the State of the Debates," Business History 32:4 pp. 9
  • Lazonick, W.H. (1989) "The Breaking of the American Working Class," 17: pp. 272
  • Lazonick, W.H. (1988) "Financial Commitment and Economic Performance: Ownership and Control in the American Industrial Corporation," Business and Economic History 17: pp. 115-28
  • Lazonick, W.H. (1987) "Stubborn Mules: Some Comments," The Economic History Review 40:1 pp. 80-86
  • Lazonick, W.H., Bernard, E. (1987) "The Decline of the British Economy,"
  • Lazonick, W.H., Elbaum, B. (1986) "An Institutional Perspective on British Decline," The decline of the British economy pp. 1-17
  • Lazonick, W.H. (1986) "Strategy, Structure, and Management Development in the United States and Britain," Development of managerial enterprise pp. 207-210
  • Lazonick, W.H. (1986) "The Cotton Industry," The decline of the British economy pp. 18-50
  • Elbaurn, B., Lazonick, W.H. (1986) "The Decline of the British Economy,"
  • Lazonick, W.H., Brush, T. (1985) "The 'Horndal effect' in Early US Manufacturing," Explorations in Economic History 22:1 pp. 53-96
  • Lazonick, W.H. (1985) "The Self-Acting Mule and the Social Relations in the Workplace'," MacKenzie & Wacjman (eds), op cit.note 10: pp. 93-108
  • Lazonick, W.H., Helper, S. (1984) "Learning Curves and Productivity Growth in Institutional Context,"
  • Lazonick, W.H. (1984) "Rings and Mules in Britain: Reply," The Quarterly Journal of Economics 99:2 pp. 393-398
  • Lazonick, W.H. (1984) "The Coordination of the Capitalist Economy: The Foundations of Economic Theory in Historical Perspective,"
  • Elbaum, B., Lazonick, W.H. (1984) "The Decline of the British Economy: An Institutional Perspective," The Journal of Economic History 44:02 pp. 567-583
  • Lazonick, W.H. (1984) "The Development of the Labour Process in Capitalist Societies: A Comparative Study of the Transformation of Work Organization in Britain, Japan, and the USA. By Craig R. Littler. London: Heinemann Educational Books, 1982. Pp. x, 226. $29.00," The Journal of Economic History 44:04 pp. 1147-1148
  • Lazonick, W.H. (1984) "Work Effort, Pay, and Productivity: Theoretical Implications of Some Historical Research," photocopy.Cambridge, Mass.: Harvard University.I
  • Lazonick, W.H. (1983) "Class Relations and the Capitalist Enterprise: A Critical Assessment of the Foundations of Marxian Econommic Theory,"
  • Lazonick, W.H. (1983) "Industrial Organization and Technological Change: The Decline of the British Cotton Industry," The Business History Review pp. 195-236
  • Lazonick, W.H. (1983) "Technological Change and the Control of Work. The Development of Capital-labour Relations in US Mass Production Industries," Managerial Strategies and Industrial Relations.An Historical and Comparative Study.London: Heinemann pp. 111-136
  • Lazonick, W.H., Gibson, W. (1983) "The Performance of the British Cotton Industry, 1870-1913,"
  • Lazonick, W.H. (1983) "The Textile Industry and its Business Climate: Proceedings of the Fuji Conference. Edited by Akio Okochi and Shin-ichi Yonekawa.(Tokyo: University of Tokyo Press, 1982. xii+ 299 pp. $29.50," Business History Review 57:04 pp. 584-585
  • Lazonick, W.H. (1982) "Discussion of Resnick and Wolff, Feiner, Jensen, and Weiss Papers," Journal of Economic History pp. 83-85
  • Lazonick, W.H. (1982) "Production, Productivity, and Development: Theoretical Implications of Some Historical Research,"
  • Lazonick, W.H. (1981) "Competition, Specialization, and Industrial Decline," The Journal of Economic History 41:01 pp. 31-38
  • Lazonick, W.H. (1981) "Factor Costs and the Diffusion of Ring Spinning in Britain Prior to World War I," The Quarterly Journal of Economics 96:1 pp. 89-109
  • Lazonick, W.H. (1981) "Production Relations, Labor Productivity, and Choice of Technique: British and US Cotton Spinning," Journal of Economic History 41:3 pp. 491-516
  • Lazonick, W.H. (1981) "Technological Change and the Control of Work: A Perspective on the Development of Capital-labor Relations in US Mass Production Industries,"
  • Lazonick, W.H. (1979) "Industrial Relations and Technical Change: The Case of the Self-acting Mule," Cambridge Journal of Economics 3:3 pp. 231-62
  • Lazonick, W.H. (1979) "Roman Rosdolsky. The Making of Marx's Capital . Translated by Pete Burgess. London: Pluto Press; distributed by Humanities Press, Atlantic Highlands, NJ 1977. Pp. xvi, 581. $35.00," The American Historical Review 84:1 pp. 111-112
  • Lazonick, W.H., Elbaum, B., Wilkinson, F., Zeitlin, J. (1979) "The Labour Process, Market Structure and Marxist Theory," Cambridge Journal of Economics 3:3 pp. 227-230
  • Lazonick, W.H., Campen, J.T. (1979) "The Small Loans Industry in Massachusetts: Competition, Regulation, and Public Policy,"
  • Lazonick, W.H. (1978) "Social Institutions, Imperfect Information, and the Distribution of Income: A Comment," The Quarterly Journal of Economics pp. 179-184
  • Lazonick, W.H. (1978) "The Subjection of Labour to Capital: The Rise of the Capitalist System," Review of Radical Political Economics 10:1 pp. 1-31
  • Lazonick, W.H., Stark, E., Flaherty, D., Kelman, S., Price, L., Rodberg, L. (1977) "Introduction to the Special Issue on Health," Review of Radical Political Economics 9:1
  • Lazonick, W.H. (1977) "The Appropriation and Reproduction of Labor," Socialist Revolution 33: pp. 109-27
  • Lazonick, W.H. (1977) "The Integration of Higher Education into Agricultural Production,"
  • Lazonick, W.H., Buchele, R. (1975) "Economics as a Social Science: Introducing the Capitalist Economy," Review of Radical Political Economics 6:4 pp. 20-40
  • Lazonick, W.H. (1975) "Marxian Theory and the Development of the Labour Force in England,"
  • Lazonick, W.H., Cannings, K. (1975) "The Development of the Nursing Labor Force in the United States: A Basic Analysis," International Journal of Health Services 5:2 pp. 185-216
  • Lazonick, W.H. (1974) "Karl Marx and enclosures in England," Review of Radical Political Economics 6:2 pp. 1-59

Selected Presentations

  • - Conference of the Association of Heterodox Economics, July 2013 - London
  • Governance of Innovative Enterprise - Conference on Financial Market Capitalism Work Innovation, March 2013 - Georg-August-University, Gšttingen, Germany
  • - Conference on New Industrial Development Strategy for Job Creation, December 2012 - Seoul
  • The Governance of Innovative Enterprise - Conference on the Governance of a Complex World, November 2012 - University of Nice-Sophia Antipolis, Nice
  • The State in Industrial Development - Conference on Central Banks, Financial Systems, and Economic Development, October 2012 - Central Bank of the Argentine Republic, Buenos Aires
  • - For the Better Workplace Panel, October 2012 - Seoul
  • - Job-Creating Growth Panel, October 2012 - Seoul
  • Capitalism in Crisis: Makers and Takers - Hammer Forum, August 2012 - UCLA, Los Angeles
  • "The Economics of 'Organizational Success' and the Path to Sustainable Prosperity" - Conference on Investment, Innovation and Competitiveness: What Will It Take for Australia to Lead the Pack?, July 2012 - Shangri-La Hotel, Sydney
  • Impatient Capital in High-Tech Industries, July 2012 - TŽlŽcom Ecole de Management, Paris
  • Impatient Capital in High-Tech Industries, July 2012 - Centre for International Finance and Regulation, Sydney, Australia
  • Social Conditions of Innovative Enterprise - Innovation Division, Department of Industry, Innovation, Science, Research, and Tertiary Education, July 2012 - Canberra, Australia
  • Sustainable Prosperity in the New Economy? - Public lecture forum, UTSpeaks: Endless Prosperity? Can Australia Find business Model to Keep the Good Times Going?, July 2012 - University of Technology, Sydney
  • Innovative Enterprise and the Stock Market - Woolley Centre for the Study of Capital Market Dysfunctionality, Investment Roundtable Meeting #9, July 2012 - University of Technology Sydney Business School
  • How We Became the 99 Percent, and What We can Do About It, June 2012 - CEPN and CEPREMAP, Paris
  • The Financialization of the US Corporation - The Future of Financial/Securities Markets, June 2012 - University of London, UK
  • The Financialization of the US Corporation - The Future of Financial/Securities Markets, June 2012 - University of London, UK
  • Financial Institutions for Innovation and Development, April 2012 - SPRU, University of Sussex
  • Apple's Business Model: A Foundation for Sustainable Prosperity? - Workshop on Apple Inc.'s Business Model, April 2012 - University of London
  • Impatient Capital in the US Economy - FINNOV Final Conference, February 2012 - Italian Cultural Institute
  • Innovative Enterprise and the Developmental State, January 2012 - University Montesquieu-Bordeaux IV, France
  • Innovative Enterprise and the Developmental State, January 2012 - University de Toulouse
  • The fragility of the US economy - SETChange Seminar, November 2011 - Carnegie Mellon University, Pittsburgh, PA
  • Beyond Jobless Growth: Business Organization and High-Tech Employment in the United States - 21st New General Seminar, October 2011 - East-West Center (Honolulu, Hawaii), in Boston
  • - Conference on Innovative University-Industry Partnerships, October 2011 - Birzeit University, Ramallah, West Bank, Palestine
  • China's Path to Indigenous Innovation - Workshop on Chinese Ways of Innovation, October 2011 - Woodland Hills, CA
  • From Innovation to Financialization: ÒHow Shareholder Value Ideology is Destroying the US Economy, September 2011 - Fundaci—n MAPFRE, Madrid
  • Innovative Enterprise and the Developmental State - Workshop on Explaining the Trends in Income Inequality, September 2011 - Bordeaux
  • The Risk-Return Nexus in the Innovation Process - Workshop on Explaining the Trends in Income Inequality, September 2011 - Bordeaux
  • How Shareholder Value Ideology is Destroying the US Economy, June 2011 - TŽlŽcom Ecole de Management, Paris
  • What Went Wrong? Speculation and Manipulation Replaced Innovation - Annual FINNOV Conference, May 2011 - Prague
  • The Innovative Enterprise and the Developmental State - Institute for New Economic Thinking Annual Conference, April 2011 - Bretton Woods, NH
  • The Fragility of the US Economy - Conference on Financialization, Financial Systems, and Economic Development, November 2010 - Beijing
  • The Theory of Innovative Enterprise, May 2010 - University of Ljubljana, Slovenia
  • Do Financial Markets Support Innovation or Inequity in the Biotech Drug Development Process - Workshop on Innovation and Inequality: New Indicators from Pharma & Beyond, May 2010 - Santa Anna School of Advanced Studies, Pisa, Italy
  • Why Executive Pay Matters to Innovation and Inequality - Workshop on Innovation and Inequality: New Indicators from Pharma & Beyond, May 2010 - Santa Anna School of Advanced Studies, Pisa, Italy
  • - Conference on US Corporations in the Recovery and Beyond, April 2010 - New School for Social Research
  • Marketization, Globalization, Financialization, April 2010 - Levy Institute, Bard College, Annandale-on Hudson NY
  • Marketization, Globalization, Financialization, April 2010 - Durham Business School, UK
  • Marketization, Globalization, Financialization, April 2010 - Management School, University of York, UK
  • The New Economy Business Model - Ethics Week, March 2010 - Marist College, Poughkeepsie NY
  • The Fragility of the US Economy, March 2010 - University of Massachusetts Amherst
  • The Explosion of Executive Pay and the Erosion of American Prosperity, December 2009 - UniversitŽ Montesquieu-Bordeaux IV
  • - 2009 International Technological Innovation Management and Policy Symposium, November 2009 - Institute of Industrial Economics of Chinese Academy of Social Sciences, Beijing
  • The Theory of Innovative Enterprise - Gosnell Lecture Series, November 2009 - Department of Economics, Rochester Institute of Technology, Rochester
  • Sustainable Prosperity in the New Economy?, November 2009 - Rochester Institute of Technology, Rochester
  • The Fragility of the US Economy, November 2009 - Tsinghua University, Beijing
  • The New Economy Business Model and the Crisis of US Capitalism, November 2009 - Beijing University
  • The New Economy Business Model and the Crisis of US Capitalism - Business History Seminar, October 2009 - Harvard Business School, Cambridge, MA
  • Sustainable Prosperity: What It Is and How We Can Achieve It - Conference on the Collapse of Middle Income Jobs, October 2009 - Chicago, Illinois
  • The New Economy Business Model and the Crisis of US Capitalism, October 2009 - Sam Nunn School of International Affairs, Georgia Institute of Technology, Georgia
  • The Fragility of the US Economy - The Robert Heilbroner Memorial Lecture on the Future of Capitalism, October 2009
  • - 3rd International Conference on Innovation, Technology and Knowledge Economics, June 2009 - Middle East Technical University, Ankara, Turkey
  • Innovative Enterprise, March 2009 - National University of Ireland Galway
  • The Globalization of the High-Tech Labor Force, February 2009
  • The Globalization of the High-Tech Labor Force, - Conference on Education and Economic Change, January 2009 - University of Geneva, Switzerland
  • The New Clothes of Capitalism - Conference on the Governance Of the Modern Firm, December 2008 - Utrecht University, Netherlands
  • US Biopharmaceutical Finance and the Sustainability of the Biotech Boom - International Conference on Genomics and Society, October 2008 - London
  • The Life Sciences Industries and the Credit Crunch - International Conference on Genomics and Society: Reinventing Life, October 2008 - London
  • Entrepreneurial Ventures and the Developmental State - Workshop on Entrepreneurship and Development, August 2008 - Helsinki
  • Firms: The New Frontiers - Session on Companies, New Conquests and New Conquerors, July 2008 - Aix-en-Provence, France
  • The Globalization of the High-Tech Labor Force - Conference on Swedish Multinational Companies in India, June 2008 - Stockholm
  • The New Economy Business Model and Sustainable Prosperity - Session on Companies and Countries, Alfred P. Sloan 2008 Industry Studies Conference, May 2008 - Boston, Ma.
  • Why Corporate Finance and the Stock Market Matter to Innovation Strategy, Policy, and Outcome - Conference on Knowledge in Space and Time, April 2008 - Strasbourg, France
  • Entrepreneurial Ventures and the Developmental State - The Kauffman Foundation Innovation Scholars Research Network, April 2008 - Georgia Institute of Technology, Atlanta
  • The New Economy Business Model and Sustainable Prosperity, - 3rd International Comparative Research in Law and Political Economy (CLPE) Workshop, March 2008 - Toronto
  • Dynamic Capabilities and Sustained Innovation: The Theory of Innovative Enterprise - Conference on Dynamic Capabilities and Beyond, December 2007 - St. Petersburg, Russia
  • From Microtech to Nanotech by Way of Biotech - Conference on Nanotechnology, Literature, and Society, December 2007 - University of Massachusetts, Lowell
  • Boston's Biotech Boom - Regional Economic and Social Development, December 2007 - University of Massachusetts, Lowell
  • The US Stock Market and the Governance of Innovative Enterprise - Conference on Finance, Innovation, and Inequality, November 2007 - Regent's College Conference Center, London
  • Building Knowledge, Creating Value - Nypro Technical Conference, November 2007 - University of Massachusetts, Lowell
  • The Theory of Innovative Enterprise - Ecole Thematique CNRS, September 2007 - La Rochelle, France
  • The Theory of Innovative Enterprise - International Summer School, Policies for Innovation and Growth, September 2007 - Villalago, Terni, Italy
  • Boston's Biotech Boom - New England Study Group, September 2007 - Boston, Ma.
  • Entrepreneurship, Innovation, and Development - International Summer School of e-Business and Complexity: New Management Practices, July 2007 - Ostuni, Italy
  • China, East Asia, and the Globalization of High-Tech Labor - International Forum of Comparative Political Economy of Globalization, September 2006 - Beijing
  • - Summer Institute on US Political Economy and the Global Economic System, June 2006 - Dickinson College
  • The stock market, corporate governance, and sustainable prosperity - Conference on Managing Labor's Capital, April 2006
  • - Conference on Perspectives of Corporate Governance, March 2006 - Wissenschaftszentrum Berlin
  • - Conference on Globalization and Corporate Strategies for the 21st Century, November 2005 - Rio de Janeiro
  • Social Foundations of Innovative Enterprise, July 2003 - Terni, Italy
  • - CFO Strategies Conference, June 2003 - Monaco
  • - Erasmus Summer Lectures on Evolving Institutions, June 2001 - Rotterdam, Netherlands
  • - Global Mobility Innovation and Insights Workshop, May 2001
  • - United Nations Economic Commission for Europe Spring Seminar, May 2001 - Geneva, Switzerland
  • - Conference on Entrepreneurship and Institutions in Comparative Perspective, January 2000 - Rotterdam, Netherlands
  • - Conference on the History of Industrial Relations in Latin America in the Twentieth Century, November 1999 - Cambridge Massachusetts
  • - Workshop on Globalization, October 1999 - Cambridge Massachusetts
  • - Conference on Comparative Corporate Governance and Management, May 1999 - Tokyo, Japan
  • - Conference on Business History Around the World at the End of the Twentieth Century, October 1998 - Milan, Italy
  • - Annual Meeting of the Japan Business History Association, October 1996 - Yokohama, Japan
  • - Conference on Globalization and Development: Implications for Malaysia, August 1996 - Kuala Lumpur, Malaysia
  • - Symposium on Industrial Development and International Competition, January 1996 - London, England
  • - F. de Vries Lecture, October 1995 - Rotterdam, Netherlands
  • - Meeting of the Dutch Business History Association, October 1995 - Schiedam, Netherlands
  • - Conference on Korea's Choices in an Emerging Global Competition, July 1995 - Kahuku, Hawaii
  • Business Organization and the Myth of the Market Economy - Business History Conference, March 1995 - Fort Lauderdale, FL
  • - Conference on Indigenous Innovation and Industrial Development, January 1995 - Osaka, Japan
  • - VII Simposio de Historia Economic, December 1994 - Barcelona, Spain
  • - Conference on Globalization and Regionalization, August 1994 - Honolulu, Hawaii
  • - Symposium on William Lazonick, Competitive Advantage on the Shop Floor, November 1991
  • - Business History Conference, March 1991
  • - Instituto de Investigacion para el Desarollo Economico Nacional, June 1990 - Lima, Peru
  • - Business History Conference, March 1990 - Baltimore, MD 21218
  • - University of Saskatchewan, 1972
  • - Visiting lecturer (Summer), 1971 - Wolfville, NS, Canada

Selected Contracts, Fellowships, Grants and Sponsored Research

  • Financial Institutions for Innovation and Development (2013), Grant -
    Lazonick, W.H. (Principal)
  • Finance, Business Models, and Sustainable Prosperity: The Comparative Experiences (2012), Grant -
    Lazonick, W.H. (Principal)
  • Financial Institution for Innovation Development (2010), Grant -
    Lazonick, W.H. (Principal)
  • Information and Bio Technology Industries (2009), Grant -
    Lazonick, W.H. (Principal)
  • Labor's Voice in Corporate Government (), -
    Lazonick, W.H. (Principal)
  • Global Labor Research and Biotech Industry Research (2007), Grant -
    Lazonick, W.H. (Principal)
  • (1998), Grant - Center for Global Partnership, Japan Foundation
    Lazonick, W. (Other)
  • (1995), - National Science Foundation, Collaborative Research Program for Scientists and Engineers
    Lazonick, W., Mass, W., Hounshell, D.
  • (1996), Grant - Jerome Levy Economics Institute
    Lazonick, W.
  • (1996), Grant - Studies in Technology, Innovation, and Economic Policy (STEP) Group
    Lazonick, W. (Other)
  • (1993), Grant - University of Massachusetts Lowell, Committee on Industrial Theory and Assessment
    Lazonick, W.
  • (1994), Grant - Studies in Technology, Innovation, and Economic Policy (STEP) Group
    Lazonick, W.
  • (1992), Grant - Social Science Research Council and Japan Society for the Promotion of Science
    Lazonick, W.
  • (1990), Grant - Columbia University Workshop
    Lazonick, W.
  • (1987), Grant - Barnard College, Columbia University
    Lazonick, W.
  • (1989), Grant - Swedish Collegium for Advanced Study in the Social Sciences
    Lazonick, W.
  • (1989), Fellowship - Institute for Advanced Study, School of Social Sciences
    Lazonick, W.
  • Fellowship and Visiting Member, Social Sciences (1989), Fellowship - Princeton University Institute for Advanced Study
  • (1986), Fellowship - National Science Foundation, Program on History and Philosophy of Science
    Lazonick, W.
  • Research Fellow (1985), Fellowship - German Marshall Fund of the United States
  • (1984), Grant - Harvard Business School, Division of Research
    Lazonick, W.
  • (1983), Grant - National Science Foundation, Division of Social Science, Economics Program
    Lazonick, W.
  • Harvard-Newcomen Business History Research Fellow (1984), Fellowship - Harvard Business School
  • (1976), Grant - Harvard Institute for Economic Research
    Lazonick, W.
  • (1982), Grant - Svenska Handelsbanken Foundation for Social Science Research
    Lazonick, W.
  • (1979), Grant - National Science Foundation, Division of Social Science, Economics Program
    Lazonick, W.