William Lazonick
Encyclopedia
William Lazonick is a Professor at the University of Massachusetts Lowell
, where he directs the Center for Industrial Competitiveness. Previously he was employed as an Assistant and Associate Professor of Economics at Harvard University (1975–1984), Professor of Economics at Barnard College of Columbia University (1985–1993), and Visiting Scholar and then Distinguished Research Professor at INSEAD (1996–2007). Lazonick's academic qualifications include a B.Com degree from the University of Toronto (1968), a M.Sc. degree in economics from the London School of Economics (1969), and a Ph.D. degree in economics from Harvard University (1975). In 1991 Uppsala University awarded him an honorary doctorate for his work on the theory and history of economic development.
In 1991 Lazonick was the president of the professional association of business historians in the US: the Business History Conference
.
Among Lazonick's books are Competitive Advantage of the Shop Floor (Harvard University Press, 1990), Business Organization and the Myth of the Market Economy (Cambridge University Press, 1991), and Organization and Technology in Capitalist Development (Edward Elgar Publishers, 1992). His latest book, Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States (W.E. Upjohn Institute for Employment Research, 2009) was awarded the 2010 Schumpeter Prize by the International Joseph A. Schumpeter Society
. Many of his books have been translated into Chinese as well as other foreign languages.
Lazonick is a critic of the financialized US corporation, with his criticism focusing on the highly negative impacts of stock buybacks and stock-based executive compensation on innovation and job creation in the United States. His opinion pieces based on this research have appeared in The Financial Times, BusinessWeek, and The Huffington Post.. On June 23, 2011, Lazonick began a weekly series of blog posts called "Breaking through the Jobless Recovery" on New Deal 2.0, a project of the Roosevelt Institute (http://www.newdeal20.org/category/breaking-through-the-jobless-recovery/).
Lazonick is co-founder and president of The Academic-Industry Research Network (www.theAIRnet.org), a 501(c)(3) non-profit corporation that is devoted to the proposition that a sound understanding of the dynamics of industrial development requires collaboration between academic scholars and industrial experts. The goal of theAIRnet is to discover the ways in which, through innovation, business and government can contribute to equitable and stable economic growth.
University of Massachusetts Lowell
The University of Massachusetts Lowell is a public university in Lowell, Massachusetts, and part of the University of Massachusetts system...
, where he directs the Center for Industrial Competitiveness. Previously he was employed as an Assistant and Associate Professor of Economics at Harvard University (1975–1984), Professor of Economics at Barnard College of Columbia University (1985–1993), and Visiting Scholar and then Distinguished Research Professor at INSEAD (1996–2007). Lazonick's academic qualifications include a B.Com degree from the University of Toronto (1968), a M.Sc. degree in economics from the London School of Economics (1969), and a Ph.D. degree in economics from Harvard University (1975). In 1991 Uppsala University awarded him an honorary doctorate for his work on the theory and history of economic development.
In 1991 Lazonick was the president of the professional association of business historians in the US: the Business History Conference
Business History Conference
The Business History Conference is an american academic association that aims to promulgate the research and teaching of business history and the environment in which businesses operate. Since 2000, it has published the journal Enterprise & Society: The International Journal of Business History...
.
Among Lazonick's books are Competitive Advantage of the Shop Floor (Harvard University Press, 1990), Business Organization and the Myth of the Market Economy (Cambridge University Press, 1991), and Organization and Technology in Capitalist Development (Edward Elgar Publishers, 1992). His latest book, Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States (W.E. Upjohn Institute for Employment Research, 2009) was awarded the 2010 Schumpeter Prize by the International Joseph A. Schumpeter Society
International Joseph A. Schumpeter Society
The International Joseph A. Schumpeter Society is an economics association aimed at furthering research in the spirit of Joseph Schumpeter....
. Many of his books have been translated into Chinese as well as other foreign languages.
Lazonick is a critic of the financialized US corporation, with his criticism focusing on the highly negative impacts of stock buybacks and stock-based executive compensation on innovation and job creation in the United States. His opinion pieces based on this research have appeared in The Financial Times, BusinessWeek, and The Huffington Post.. On June 23, 2011, Lazonick began a weekly series of blog posts called "Breaking through the Jobless Recovery" on New Deal 2.0, a project of the Roosevelt Institute (http://www.newdeal20.org/category/breaking-through-the-jobless-recovery/).
Lazonick is co-founder and president of The Academic-Industry Research Network (www.theAIRnet.org), a 501(c)(3) non-profit corporation that is devoted to the proposition that a sound understanding of the dynamics of industrial development requires collaboration between academic scholars and industrial experts. The goal of theAIRnet is to discover the ways in which, through innovation, business and government can contribute to equitable and stable economic growth.