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William Lazonick

William Lazonick Professor in Economics, Co-Director of Center for Industrial Competitiveness

Educational Background

Ph.D. in Economics, Harvard University; Institut Universitaire de Hautes Etudes Internationales, Geneva; M.Sc. Economics, London School of Economics; Bachelor of Commerce, University of Toronto


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.