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Lawrence J. White

Lawrence J. White

Joined Stern 1976

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 7-65
New York, NY 10012

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Lawrence White has been with New York University Leonard N. Stern School of Business for more than 40 years. His primary research areas of interest include financial regulation, antitrust, network industries, international banking and applied microeconomics.

Professor White has published numerous articles in the Journal of Business, Journal of Economic Perspectives, Journal of Economic Literature, Journal of Political Economy, American Economic Review, Review of Economics and Statistics, Quarterly Journal of Economics, and other leading journals in economics, finance, and law. He is the author of The S&L Debacle: Public Policy Lessons for Bank and Thrift Regulation, among other books, and he is the co-editor (with John Kwoka) of the 7th of edition of The Antitrust Revolution. He contributed chapters to the NYU Stern books on the financial crisis - Restoring Financial Stability and Regulating Wall Street. He is the co-author (with Stern's Viral Acharya, Matthew Richardson, and Stijn Van Nieuwerburgh) of Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance. He co-edited and contributed to Stern's recent book Regulating Wall Street: CHOICE Act vs. Dodd-Frank.

Research Interests

  • Financial regulation
  • Antitrust
  • General regulation
  • Industrial organization
  • Banks, banking and bank behavior

Courses Taught

  • Business and its Publics
  • Firms & Markets

Academic Background

Ph.D., Economics, 1969
Harvard University

M.Sc., Economics, 1965
London School of Economics

B.A., Economics, 1964
Harvard University

Awards & Appointments

Industrial Organization Society Distinguished Service Award 2015
NYU Stern Faculty Leadership Award 2014
Western Economic Association International Board Member and Secretary-Treasurer 2006
Corporate Practice Commentator Top 10 Corporate and Securities Article of 2005 2005
Review of Industrial Organization General Editor 2004
University of South Australia Fulbright Senior Specialist Grant 2002
Southern Finance Association meetings Outstanding Paper in Financial Institutions 2000

Selected Publications

J.E. Kwoka, Jr., L. White (2018)
The Antitrust Revolution: Economics, Competition, and Policy
7th edition, Oxford University Press, 2019

M.P. Richardson, K.L. Schoenholtz, B. Tuckman, L. White (2017)
Regulating Wall Street: CHOICE Act vs. Dodd-Frank
NYU Stern, 2017

T.M. Lenard, L. White (2016)
Moving Music Licensing into the Digital Era: More Competition and Less Regulation
UCLA Entertainment Law Review, 2016

V. Acharya, M. Richardson, S. Van Nieuwerburgh, L. White (2011)
The Government-Sponsored Enterprises
Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance. Wiley, 2011

V. Acharya, M. Richardson, S. Van Nieuwerburgh, L. White (2011)
Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance
Princeton University Press, 2011

Related News & Research

In an interview, Professor Lawrence White comments on WeWork's future growth prospects

In a radio interview, Professor Lawrence White discusses President Trump's decision to delay tariffs on some Chinese goods until December

Professor Lawrence White is quoted in a feature article on Goldman Sachs entering into the subprime lending market with the Apple Card

Professor Lawrence White offers insights on new data that shows the average work week is shrinking

Professor Lawrence White explains the historical context behind the use of the word "unskilled" in connection with low-wage jobs

Lowering the Bar on Financial Regulation is Fraught with Risk

Professor Lawrence White remarks on President Trump's desire to revitalize employment in manufacturing

Professor Lawrence White comments on Morningstar's acquisition of DBRS

Professor Lawrence White is quoted in a story on government involvement in the housing market

In a live interview, Professor Lawrence White discusses the recent GDP growth

Professor Lawrence White analyzes the impact of changes to the tax code on corporate tax revenue

Professor Lawrence White discusses UBS' declining presence in the United States

Professor Lawrence White responds to US bank CEOs requesting that Congress loosen bank capital requirements

Professor Lawrence White is comments on buying a home in New York City

Professor Lawrence White shares insights on Charter Spectrum's negotiations with the New York State Public Service Commission

Professor Lawrence White offers advice on how to calculate the cost of living in a story on the Economist Intelligence Unit's ranking of most expensive cities

Here’s How the SEC Should Decide if Companies Should Report Earnings only Every 6 Months

Professor Lawrence White is quoted in a story on the future of NYC's tech scene after Amazon's exit

Professors Matthew Richardson, Kim Schoenholtz and Lawrence White's joint research on the impact of the Dodd-Frank act and recent regulatory reforms is featured

Making Way (hopefully) for 5G

Areas of Expertise


  • Antitrust & Regulatory Issues
  • Business Strategy
  • Economic History
  • Game Theory
  • Industrial Organization
  • Microeconomics
  • Political Economy
  • Social Security


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