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 William_Lazonick@uml.edu SHARE 
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Educational Background
Scholarly Interests
Comparative economic development; theory of innovative enterprise; high-tech innovation, globalization of high-tech labor; and finance and economic developmentBio Sketch
William Lazonick is Professor in the Department of Regional Economic and Social Development at University of Massachusetts Lowell and Director of the UMass Lowell Center for Industrial Competitiveness. He is also affiliated with the CNRS Groupe de Recherche en Économie Théorique et Appliquée of Université Montesquieu Bordeaux IV. Previously, he was Assistant and Associate Professor of Economics at Harvard University (1975-1984) and Professor of Economics at Barnard College of Columbia University (1985-1993), and Distinguished Research Professor, INSEAD (1996-2007). He has also been on the faculties of the University of Tokyo (1996-1997), Harvard Business School (1984-1986), and University of Toronto (1982-1983), and was a visiting member of the Institute for Advanced Study in Princeton (1989-1990). Numerous governmental agencies and private foundations in Europe, the United States, and Japan have funded his research. In August 2009, his book, Sustainable Prosperity in the New Economy?: Business Organization and High-Tech Employment in the United States, will be available from the Upjohn Institute for Employment Research.
www.uml.edu/centers/CIC/Faculty/William_Lazonick.html
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Wednesday, March 11, 2015GM's Stock Buyback Is Bad for America and the Company General Motors' announcement that it will settle a fight with activist shareholders by buying back $5 billion in stock over the coming year is a major loss for American taxpayers and GM's workers. The investors' leader, Harry J. Wilson, called the deal a "win-win outcome." But the only real wins are a victory for the hedge funds, and a Pyrrhic victory for GM ...
Wednesday, January 2, 2013Robots Don't Destroy Jobs; Rapacious Corporate Executives Do Americans are understandably upset about profits without prosperity. Corporate executives seem to be the big winners, while the middle class is declining and young people face a bleak economic future. It's easy to blame technology, especially the automation that supposedly displaces workers. But that's not the real story. The fact is that automation creates jobs. It's the misuse of corporate profits that is destroying them.
Wednesday, April 18, 20123 Corporate Myths that Threaten the Wealth of the Nation The wealth of America depends on the productive power of our major business corporations. In 2008 there were 981 companies in the United States with 10,000 or more employees. Although they were less than two percent of all U.S. firms, they employed 27% of the labor force and accounted for 31% of all payrolls. Literally millions of smaller businesses depend, directly or indirectly, on the productivity of these big businesses...
Sunday, April 15, 2012How American Corporations Transformed from Producers to Predators Corporations are not working for the 99 percent. But this wasn't always the case. William Lazonick, professor at UMass, president of the Academic-Industry Research Network, and a leading expert on the corporation, will examine the foundations, history and purpose of the corporation to answer this vital question: How can the public take control of the business corporation and make it work for the real economy?
Thursday, April 12, 2012The Global Tax Dodgers: How Big Business Keeps Money Overseas Instead of Creating Jobs at Home By now the story is familiar. For the last decade US-based business corporations have been engaged in the massive off-shoring of good jobs to high-growth, low-wage areas of the world, especially China and India. In general, these companies have found off-shoring to be immensely profitable.
Monday, April 9, 2012The Reason CEOs Make 350 Times More Money Than Their Workers -- And Why That's Terrible for the Economy The surge in top executive pay that Crystal observed 20 years ago pales in comparison to the volcanic eruption that has occurred since then. In the mid-2000s, top executive pay in the United States was about three times higher in real terms than the levels of the early 1990s. And the ratio of the average compensation of the CEOs of the largest corporations to that of the average worker climbed as high as 525:1.
