Edward Lazear

Edward Lazear is an American economist known for his contributions to labor economics and the economics of organizations. He is recognized for developing the concept of "human capital," which emphasizes the value of skills and education in enhancing productivity and economic growth. Lazear's work often explores how incentives and job designs affect employee performance and organizational efficiency. He has also served as a professor at Stanford University and was the Chairman of the U.S. Council of Economic Advisers under President George W. Bush. His research has significantly influenced how we understand labor markets and employment practices.