Edward Paul Lazear

Awards and Honors:
American Academy of Arts and Sciences
Econometric Society (elected fellow)
American Association for the Advancement of Sciences
Society of Labor Economists
Biography: 

Edward P. Lazear passed away on November 23, 2020. 

Lazear was the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and the Davies Family Professor of Economics at Stanford University's Graduate School of Business. Lazear served at the White House from 2006 to 2009, where he was chairman of the President's Council of Economic Advisers. Before coming to Stanford, he taught at the University of Chicago.

Lazear received numerous honors and prizes: among them, the 1998 Leo Melamed Biennial Prize for the best research by a business school professor, the 2004 Prize for Outstanding Contributions to Labor Economics from the Institute for the Study of Labor, and the 2006 Jacob Mincer Prize for lifetime achievement in the field of labor economics. He held four honorary degrees, the most recent from the Copenhagen Business School (2013).

Founding editor of the Journal of Labor Economics and founder of the Society of Labor Economists, he was also an elected fellow of the American Academy of Arts and Sciences, the American Association for the Advancement of Science, the Econometric Society, and the Society of Labor Economists. He was a research associate of the National Bureau of Economic Research and was a member of the National Academy of Sciences Board on Testing and Assessment. Lazear was the first vice-president and then president of the Society of Labor Economists.

Lazear wrote or edited a dozen books including Personnel Economics (MIT Press, 1995), which expanded on his 1993 Wicksell Lectures. He published more than one hundred papers in leading professional journals.

He received the Distinguished Teaching Award from Stanford University's Graduate School of Business in 1994 and the Distinguished Service Award from Stanford University in 2002.

Lazear held AB and AM degrees from the University of California, Los Angeles, and a PhD from Harvard University.

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Policy InsightsFeatured

America: Growth Of A Young Nation

featuring Condoleezza Rice, Edward Paul Lazear, Larry Diamond, Michael McConnell, H. R. McMaster, George P. Shultz, General Jim Mattisvia PolicyEd
Friday, July 2, 2021

What makes the American experiment unique and what can we do to improve it?

Policy InsightsFeatured

Capitalism Vs. Socialism

featuring Edward Paul Lazear, Lee Ohanian, Joshua D. Rauh, John F. Cogan, Daniel Heil, Terry Anderson, Scott W. Atlas, Russell A. Bermanvia PolicyEd
Thursday, April 22, 2021

Over the last century countries have experimented with variations on both capitalism and socialsm. So how do socialism, capitalism, and their many variants compare?

Capitalism Vs. Socialism

by Daniel Heil featuring the work of Edward Paul Lazear, Lee Ohanian, Joshua D. Rauh, John F. Cogan, Terry Anderson, Scott W. Atlas, Russell A. Bermanvia Policy Insights | A Succinct Guide to Important Policy Questions
Wednesday, April 21, 2021

Over the last century countries have experimented with variations on both capitalism and socialsm. So how do socialism, capitalism, and their many variants compare?

In the News

Senior Fellowship Named In Honor Of Edward Lazear At The Hoover Institution

featuring Edward Paul Lazearvia Stanford News
Tuesday, December 8, 2020

The Hoover Institution has created a new senior fellowship in economics in honor of the late economist EDWARD LAZEAR, made possible by the of DAVID BOOTH.

Edward Lazear talks about the labor market in his speech titled "Weak Labor and
In the News

Edward P. Lazear

featuring Edward Paul Lazearvia The Wall Street Journal
Friday, November 27, 2020

Free markets and the laws of economics need frequent defense and explanation, and that cause is worse off after the death this week of Edward P. Lazear, a pioneer in the field of labor economics. He was 72 and had pancreatic cancer.

Edward Lazear
In the News

Edward Lazear, Economist And White House Adviser, Dies At 72

featuring Edward Paul Lazearvia The Wall Street Journal
Thursday, November 26, 2020

Edward P. Lazear, an economist and White House adviser who delved into the complex relationships between employers and workers, died of pancreatic cancer Monday. He was 72.

In the News

Edward Lazear (1948–2020)

featuring Edward Paul Lazearvia National Review
Wednesday, November 25, 2020

We are deeply saddened to have to report that Edward Lazear, someone we were extremely proud to have included in our roster of authors for Capital Matters, died on Monday.

In the News

Edward P. Lazear, Economist And Presidential Adviser, Dies At 72

featuring Edward Paul Lazearvia The New York Times
Wednesday, November 25, 2020

Edward P. Lazear, a pioneering labor economist at Stanford University who advised President George W. Bush during the financial crisis, died on Monday. He was 72.

Policy InsightsFeatured

Reasons To Be Thankful

featuring Edward Paul Lazear, Russ Roberts, Stephen Haber, Russell A. Berman, Michael R. Auslin, General Jim Mattis, Daniel Heilvia PolicyEd
Tuesday, November 24, 2020

The year 2020 will not be remembered as a year of progress. But we shouldn’t forget that people in the 21st century are wealthier and freer than at any other time in history. As we approach the holiday season, let’s explore the many reasons we should be thankful, even in 2020.

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