▁References ▁ ▁External ▁links ▁▁▁▁ ▁Category : 1 8 6 0 ▁birth s ▁Category : 1 8 9 4 ▁death s ▁Elli ott ▁Category : American ▁social ites ▁Category : Pe ople ▁from ▁H emp st ead ▁( v ill age ), ▁New ▁York ▁Category : Sch uy ler ▁family ▁Category : B ul lo ch ▁family ▁Category : L iving ston ▁family ▁Category : De ath s ▁from ▁ep ile ps y <0x0A> </s> ▁William ▁L azon ick ▁( born ▁June ▁ 8 , ▁ 1 9 4 5 ) ▁is ▁an ▁econom ist ▁who ▁studies ▁innov ation ▁and ▁competition ▁in ▁the ▁global ▁economy . ▁▁ ▁L azon ick ' s ▁research ▁see ks ▁to ▁understand ▁how , ▁on ▁the ▁basis ▁of ▁innov ative ▁enter prise , ▁a ▁national ▁economy ▁can ▁achieve ▁stable ▁and ▁equ itable ▁economic ▁growth . ▁L azon ick ▁is ▁the ▁origin ator ▁of ▁" the ▁theory ▁of ▁innov ative ▁enter prise ", ▁which , ▁he ▁arg ues , ▁provides ▁both ▁an ▁essential ▁intellectual ▁foundation ▁for ▁understanding ▁economic ▁performance ▁and ▁a ▁fundamental ▁critique ▁of ▁the ▁ne oc lass ical ▁theory ▁of ▁the ▁market ▁economy . ▁Much ▁of ▁his ▁current ▁work ▁focus es ▁on ▁how ▁the ▁financial ization ▁of ▁the ▁U . S . ▁industrial ▁corpor ation , ▁manif ested ▁in ▁massive ▁distributions ▁of ▁corpor ate ▁c ash ▁to ▁share hold ers ▁and ▁the ▁explos ion ▁of ▁stock - based ▁executive ▁pay , ▁results ▁in ▁employ ment ▁inst ability ▁and ▁income ▁in equ ity , ▁while ▁und erm ining ▁the