William Lazonick Univ. of Massachusetts Lowell) is an economist who directs the Center for Industrial Competitiveness. He is co-founder of the Academic-Industry Research Network and was Distinguished Researcher at INSEAD in France. His research focuses on the social conditions of innovation and economic development in advanced and emerging economies. He was awarded the 2010 Schumpeter Book Prize and the H. Larson Award from Harvard Business School for best paper in Business History Review. His research “Financial Institutions for Innovation” is funded by the Ford Foundation and “Impatient Capital in High-Tech Industries” by the Institute for New Economic Thinking.