World's Best Scientists 2026 revealed!

D-Index & Metrics

Business and Management

D-Index
52
Citations
14801
World Ranking
865
National Ranking
372

Economics and Finance

D-Index
52
Citations
14883
World Ranking
1243
National Ranking
750

Overview

William Lazonick is affiliated with the University of Massachusetts Lowell in the United States, focusing primarily on the field of Economics, Econometrics and Finance. Their research spans various subfields, including Finance, Economics and Econometrics, General Economics, Econometrics and Finance, Accounting, and Public Health, Environmental and Occupational Health.

The scientist's main research topics include Housing, Finance, and Neoliberalism; Economic Theory and Policy; Pharmaceutical Economics and Policy; Financial Markets and Investment Strategies; Financial Literacy, Pension, Retirement Analysis; Private Equity and Venture Capital; and Economic Theory and Institutions.

Lazonick has contributed to several recent academic papers, notably:

  • "Sick with 'shareholder value': US pharma's financialized business model during the pandemic," 2023, published in Competition & Change
  • "Do high drug prices fund pharmaceutical innovation?", 2024, published in Healthcare Management Forum
  • "From technology transfer to indigenous innovation in China," 2023, published in Entreprises et histoire

Other recent papers coauthored or related to associated scholars include "Regulating stock buybacks: the $6.3 trillion question" (2022) published in International Review of Applied Economics and "Factors, forms, modalities, limits and results of technology transfers to, between and from the emerging countries of the far east, south and south east asia" (2023) published in Entreprises et histoire.

Frequent collaborators with Lazonick include Öner Tulum, Lenore Palladino, Antonio Andreoni, Bernard Delmas, and Pierre-Yves Donzé.

Their publications appear regularly in venues such as Entreprises et histoire, International Review of Applied Economics, Competition & Change, and Healthcare Management Forum.

William Lazonick has also published multiple books with Cambridge University Press, including:

  • From Financialisation to Innovation in UK Big Pharma (2022)
  • Investing in Innovation (2023)
  • Innovation versus Financialization in the US Pharmaceutical Industry (2025)

The body of work reflects a focus on the intersections between economic theory, finance, and innovation with particular attention to pharmaceutical economics and policy. The scientist's research addresses corporate financial practices, innovation dynamics, and the impacts of financialization across sectors.

Best Publications

  • Maximizing shareholder value: a new ideology for corporate governance

    William Lazonick;Mary O’Sullivan

  • Business Organization and the Myth of the Market Economy

    William Lazonick

  • Profits without prosperity.

    William Lazonick

  • Competitive advantage on the shop floor

    William Lazonick

  • The decline of the British economy

    Bernard Louis Elbaum;William Lazonick

  • The Innovative Firm

    William Lazonick

  • The risk-reward nexus in the innovation-inequality relationship: who takes the risks? Who gets the rewards?

    William Lazonick;Mariana Mazzucato

  • Industrial relations and technical change: the case of the self-acting mule

    William Lazonick

  • US biopharmaceutical finance and the sustainability of the biotech business model

    William Lazonick;Öner Tulum

  • Varieties of capitalism in the twentieth century

    R Dore;W Lazonick;M O'Sullivan

  • The US stock market and the governance of innovative enterprise

    William Lazonick

  • Organization, Finance and International Competition

    William Lazonick;Mary O'sullivan

  • Innovative Enterprise and Historical Transformation

    William Lazonick

  • Dynamic capabilities and sustained innovation: strategic control and financial commitment at Rolls-Royce plc

    William Lazonick;Andrea Prencipe

  • Innovative Business Models and Varieties of Capitalism: Financialization of the U.S. Corporation

    William Lazonick

  • The Decline of the British Economy.

    Malcolm Falkus;B. Elbaum;W. Lazonick

  • Controlling the Market for Corporate Control: The Historical Significance of Managerial Capitalism

    William Lazonick

  • Sustainable Prosperity in the New Economy: Business Organization and High-Tech Employment in the United States

    William Lazonick

  • Indigenous Innovation and Economic Development: Lessons from China's Leap into the Information Age

    William Lazonick

  • Industrial Organization and Technological Change: The Decline of the British Cotton Industry*

    William Lazonick

  • US Biopharmaceutical Finance and the Sustainability of the Biotech Business Model

    William Lazonick;Oner Tulum

Frequent Co-Authors

Mary O'Sullivan
Mary O'Sullivan University of Limerick
Mariana Mazzucato
Mariana Mazzucato University College London
Ronald Dore
Ronald Dore London School of Economics and Political Science
Hugh Willmott
Hugh Willmott City, University of London
David J. Teece
David J. Teece University of California, Berkeley
Julie Froud
Julie Froud University of Manchester
David J. Cooper
David J. Cooper University of Alberta
Jonathan Zeitlin
Jonathan Zeitlin University of Amsterdam
Barbara Czarniawska
Barbara Czarniawska University of Gothenburg
Yi-Fei Sun
Yi-Fei Sun Xiamen University

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