Lawrence J. White is Arthur E. Imperatore professor of economics at New York University’s Stern School of Business and deputy chair of the Economics Department at Stern. He was a board member on the Federal Home Loan Bank Board and director of the Economic Policy Office, Antitrust Division, in the US Department of Justice. Professor White received his BA from Harvard University (1964), MSc from the London School of Economics (1965), and PhD from Harvard University (1969). He has written many books and articles and is editor or coeditor of 11 academic volumes. He also served on the senior staff of the President’s Council of Economic Advisers in 1978–1979.