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William Lazonick

William Lazonick, professor emeritus of economics at University of Massachusetts, is co-founder and president of the , a 501(c)(3) non-profit research organization, based in Cambridge, Massachusetts. He is an Open Society Fellow and a Canadian 八卦爆料 for Advanced Research Fellow.Over the past decade, the 八卦爆料 has funded a number of his research projects.

He has professorial affiliations with SOAS University of London and Institut Mines-T茅l茅com in Paris. 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. Lazonick earned his B.Com. at the University of Toronto, M.Sc. in Economics at London School of Economics, and Ph.D. in Economics at Harvard University. He holds honorary doctorates from Uppsala University and the University of Ljubljana.

His research focuses on the social conditions of innovation and economic development in advanced and emerging economies. His book ? Business Organization and High-Tech Employment in the United States (Upjohn 八卦爆料 2009) won the 2010 Schumpeter Prize. He has twice—in 1983 and 2010—had the award from Harvard Business School for best article of the year in Business History Review. In 2014, he received the HBR McKinsey Award for outstanding article in Harvard Business Review for “: Stock Buybacks Manipulate the Market and Leave Most Americans Worse Off.” In January 2020, Oxford University Press published his book, co-authored with Jang-Sup Shin, Predatory Value Extraction: How the Looting of the Business Corporation Became the U.S. Norm and How Sustainable Prosperity Can Be Restored.

By this expert

The Unmaking of the Black Blue-Collar Middle Class

Paper Working Paper | | May 2021

How once-promising Black upward mobility reversed course, and what can be done about it

Mass Producing Covid-19 Vaccine

Article | Feb 9, 2021

Capacity, Scale, and Control

"Build Back Better" Needs an Agenda for Upward Mobility

Article | Jan 5, 2021

How the dream of a middle class existence collapsed, first for Blacks, then for more and more white American workers and what the Biden administration could do to retrieve the situation.

Employment Mobility and the Belated Emergence of the Black Middle Class

Paper Working Paper Series | | Jan 2021

鈥淏uild back鈥 means restoring the government and business investments in the productive capabilities of the U.S. labor force that created a growing middle class in the three decades after World War II

Featuring this expert

CNN: Are Stock Buybacks Deepening America's Inequality?

News Mar 5, 2018

One of Wall Street’s favorite tools could be deepening the growing chasm between America’s rich and poor, according to INET grantee William Lazonick.

CNN: Tax cut scoreboard: Workers $6 billion; Shareholders $171 billion

News Feb 16, 2018

INET grantee William Lazonick explains how the Trump tax cut is resulting in buybacks on Wall Street and bonuses for CEOs

Washington Post: Don鈥檛 Let Pay Increases Coming Out of Tax Reform Fool You

News Feb 6, 2018

In their op-ed in the Washington Post, INET grantee William Lazonick and Rick Wartzman show how companies are spending their tax savings on investors, not workers.

INET Grantee Lazonick鈥檚 Research Shapes DC Share Buyback Debate

Article | Dec 22, 2017

Sen. Tammy Baldwin features arguments in questions to SEC nominees, pharmaceutical industry witness