ics ), ▁and ▁Edward ▁March ▁( former ly ▁Luc ent ▁Techn ologies , ▁now ▁at ▁D art mouth ▁College ). ▁ ▁Research ▁ ▁L azon ick ' s ▁research ▁has ▁focused ▁on ▁the ▁role ▁of ▁the ▁innov ative ▁business ▁enter prise ▁in ▁generating ▁product ivity ▁and ▁sharing ▁these ▁g ains ▁with ▁employees ▁as ▁the ▁foundation ▁for ▁stable ▁and ▁equ itable ▁economic ▁growth . ▁R anging ▁empir ically ▁from ▁the ▁British ▁industrial ▁revolution ▁of ▁the ▁first ▁half ▁of ▁the ▁ 1 9 th ▁century ▁to ▁the ▁financial ization ▁of ▁the ▁U . S . ▁economy ▁in ▁the ▁early ▁ 2 1 st ▁century , ▁L azon ick ' s ▁work ▁has ▁also ▁included ▁compar ative ▁pers pect ives ▁on ▁innov ative ▁enter prise ▁and ▁economic ▁development ▁in ▁Japan ▁and ▁China . ▁ ▁Through ▁the ▁study ▁of ▁advanced ▁and ▁emer ging ▁econom ies ▁at ▁various ▁stages ▁of ▁their ▁development , ▁his ▁research ▁has ▁sought ▁to ▁construct ▁a ▁rig orous ▁and ▁relevant ▁theory ▁of ▁economic ▁growth ▁that ▁is ▁ground ed ▁in ▁the ▁micro e conom ics ▁of ▁the ▁innov ative ▁enter prise . ▁ ▁Econom ic ▁In nov ation ▁ ▁L azon ick ▁has ▁been ▁a ▁leading ▁critic ▁of ▁the ▁ne oc lass ical ▁theory ▁of ▁the ▁market ▁economy ▁that ▁domin ates ▁the ▁thinking ▁and ▁teaching ▁of ▁academic ▁econom ists . ▁Where as ▁ne oc lass ical ▁econom ists ▁see ▁well - develop ed ▁mark ets ▁as ▁causes ▁of ▁economic ▁prosper ity , ▁L azon ick ' s ▁research ▁shows ▁that ▁organizations ▁that ▁eng age ▁in