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William Lazonick

William Lazonick
William H. LazonickProfessor in Economics, Co-Director of Center for Industrial Competitiveness
  • CollegeCollege of Fine Arts, Humanities and Social Sciences
  • DepartmentEconomics
  • Phone(978) 934-4246
  • EmailWilliam_Lazonick@uml.edu

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 -

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)

Publications

  • Zhou, Y., Lazonick, W.H., 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
  • Hopkins, M., Lazonick, W.H. (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
  • Lippert, Inge, Huzzard, Tony,, Ju¨rgens, Ulrich,, ., ,Lazonick, William,,, . (2014) "Corporate governance, employee voice, and work organization : sustaining high-road jobs in the automotive supply industry,"
  • Lippert, I., Huzzard, T., Jrgens, U., Lazonick, W.H. (2014) "Corporate Governance, Employee Voice, and Work Organization: Sustaining High-Road Jobs in the Automotive Supply Industry," Oxford University Press
  • Beyer, Ju¨rgen, Deutschmann, Christoph, Do¨rre, Klaus, ., , Faust, Michael, Hahn, Katrin, Hirsch-Kreinsen, Hartmut,, ., Holst, Hajo, Ka¨dtler, Ju¨rgen, Kraemer, Klaus, ., , Kratzer, Nick, Lazonick, William, Matuschek, Ingo,, ., Mautz, Ru¨diger, Tyrell, Marcel, Wolf, Harald,, ., Faust, Michael, Ka¨dtler, Ju¨rgen,Wolf, Harald,, . (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
  • Lazonick, W.H., Moss, P.I., 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. (2013) "BERLE IV: THE FUTURE OF FINANCIAL AND SECURITIES MARKETS THE FOURTH ANNUAL SYMPOSIUM OF THE ADOLF A. BERLE, JR. CENTER ON CORPORATIONS, LAW & SOCIETY: 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., 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 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) "1. Entrepreneurship, innovative enterprise and economic development," Cases in Technological Entrepreneurship: Converting Ideas Into Value
  • Lazonick, W.H. (2009) "Business history and economic development," The Oxford Handbook, op.cit pp. 67-69
  • 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
  • Larrue, P., Lazonick, W.H., 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
  • Carpenter, M., Lazonick, W.H., 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., Fiddy, M., Quimby, S. (2002) "12.'Grow your own'in the new economy? Skill-formation challenges in the New England optical networking industry1," Globalization, Universities and Issues of Sustainable Human Development
  • 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) "I. THE NORTHEAST MASSACHUSETTS REGIONAL ECONOMY," 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:
  • 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
  • Lu, Q., Lazonick, W.H. (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)
  • Williams, K., Lazonick, W.H., Sullivan, M., Morin, F., JÃrgens, 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
  • Dore, R., Lazonick, W.H., 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. (1998) "11. Organizational Learning and International Competition," Globalization, growth, and governance: creating an innovative economy
  • 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) "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) "6 THEORY AND HISTORY IN MARXIAN ECONOMICS," The Future of Economics
  • 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., eds., W.M. (1995) "Organizational capability and competitive advantage: Debates, dynamics and policy," 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. xxv
  • 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. (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
  • Cannings, K., Lazonick, W.H. (1994) "Equal-Employment Opportunity and the Managerial Woman in Japan," Industrial Relations 33:1
  • Ferleger, L., Lazonick, W.H. (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., OSullivan, 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) "10 Learning and the Dynamics of International Competitive Advantage," Learning and technological change
  • 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) "Business organization and the myth of the market economy,"
  • 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
  • Ferleger, L., Lazonick, W.H. (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 REVIEW] 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,"
  • Mass, W., Lazonick, W.H. (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
  • 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 comments1," The Economic History Review 40:1 pp. 80-86
  • Bernard, E., Lazonick, W.H. (1987) "The Decline of the British Economy,"
  • Elbaum, B., Lazonick, W.H. (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
  • Helper, S., Lazonick, W.H. (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
  • Elbaum, B., Lazonick, W.H., Wilkinson, F., Zeitlin, J. (1979) "The labour process, market structure and Marxist theory," Cambridge Journal of Economics 3:3 pp. 227-230
  • Campen, J.T., Lazonick, W.H. (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
  • Stark, E., Flaherty, D., Kelman, S., Lazonick, W.H., 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,"
  • Buchele, R., Lazonick, W.H. (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,"
  • Cannings, K., Lazonick, W.H. (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

Presentations

  • - European Studies in Science and Technology MasterÕs Program, - Oslo, Norway
  • - Conference of the Association of Heterodox Economics, July 2013 - London
  • Governance of Innovative Enterprise - Conference on Financial Market Capitalism Ð Work Ð 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
  • "Impatient Capital in High-Tech Industries", July 2012 - Centre for International Finance and Regulation, Sydney, Australia
  • "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
  • "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 de Toulouse
  • Innovative Enterprise and the Developmental State, January 2012 - University Montesquieu-Bordeaux IV, France
  • 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 Fragility of the US Economy,, November 2010 - Institute of Industrial Economics, 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 - Management School, University of York, UK
  • Marketization, Globalization, Financialization, April 2010 - Durham Business School, UK
  • Marketization, Globalization, Financialization, April 2010 - Levy Institute, Bard College, Annandale-on Hudson NY
  • 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
  • ÒEntrepreneurial Ventures and the Developmental StateÓ - 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 OutcomeÓ - 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

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 (2008), -
    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.