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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

E-mail lwhite@stern.nyu.edu
Personal website

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Lawrence White has been with New York University Leonard N. Stern School of Business for more than 35 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 6th of edition of The Antitrust Revolution. He contributed chapters to both of 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.

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 (2013)
The Antitrust Revolution: Economics, Competition, and Policy
6th edn., Oxford University Press, 2014

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

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)
Regulation of Rating Agencies

T. Lenard, L. White
Improving ICANN's Governance and Accountability: A Policy Proposal
Information Economics and Policy

Related News & Research

Professor Lawrence White shares his views on regulatory reform under the Trump Administration

Professor Lawrence White explains the impact of Dodd-Frank on community banks

Professor Lawrence White explains how increased spending on infrastructure will foster manufacturing growth

Professor Lawrence White is interviewed about credit card brands

Professor Lawrence White comments on Mayor Bill de Blasio's commitment to job creation in New York City

Professor Lawrence White is interviewed about second chance credit cards

Professor Lawrence White's joint research on bond ratings is featured

Professor Lawrence White identifies several industries set for growth under the Trump administration

Competition In Music Licensing — DOJ Has More To Do

Professor Lawrence White is interviewed about the role of the housing market in the recession

Professor Lawrence White argues that more spending on infrastructure could have fostered greater economic growth during Barack Obama's presidency

Professor Lawrence White discusses how Donald Trump's business interests might conflict with the presidency

Professor Lawrence White is interviewed about the relationship between interest rates and bank profitability

Professor Lawrence White provides insight into Donald Trump's plan to renegotiate international trade deals

Professor Lawrence White shares his views on Donald Trump's trade policy ideas

Professor Lawrence White comments on the Trump campaign’s statement regarding his taxes

Professor Lawrence White discusses the causes of the recession

ICANN — A Regulator in Need of Antitrust Oversight

Professor Lawrence White discusses Point, a startup that purchases equity stakes in homes

Professor Lawrence White discusses Donald Trump's stock holdings

Areas of Expertise


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


  • Credit Rating Agencies
  • Derivatives