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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

Professor Lawrence White explains why he believes the fintech industry will be subject to several regulatory hearings

Professor Lawrence White discusses why Wall Street and tech companies donate money to democratic political candidates

Professor Lawrence White is quoted in a feature story about the rollback of federal regulations on Prudential Financial and other firms

Professor Lawrence White comments on Manhattan’s real estate market

Research by Professor Lawrence White and "Restoring Financial Stability," co-edited by Professors Viral Acharya and Matthew Richardson, with contributions from Professor White, is referenced

Professor Lawrence White explains how the health of the US economy has changed since the 2008 financial crisis

Professor Lawrence White shares insights on the labor market, unemployment and wages

Professor Lawrence White weighs in on the impact new interest rate legislation will have on fintech firms

Professor Lawrence White discusses how tariffs on appliances are impacting the laundry business

Professor Lawrence White explains why both state and federal entities have called for the regulation of fintech companies

The Antitrust Revolution

Professor Lawrence White shares his analysis of the Federal Reserve's interest rate increase and the economy's strength

Professor Lawrence White discusses the impact of the US national debt on the economy

Professor Lawrence White shares how Italy's political crisis will impact financial markets

Professor Lawrence White shares his views on proposed changes to banking regulation

Professor Lawrence White shares his views on the recent jobs report

Professor Lawrence White shares his views on Wells Fargo's fines in connection with its mortgages and auto loans

Professor Lawrence White comments on Wells Fargo's $1 billion fine by the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency

Professor Lawrence White shares his views on the impact of tariffs and the economic tensions between the US and China

Music Licensing Reform Is Singing The Same Old Song

Areas of Expertise


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


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