Stanley Liebowitz

Ashbel Smith Professor
Professor of Managerial Economics
Tags: Financial & Managerial Economics

Professional Preparation

Ph.D. - Economics
University of California at Los Angeles - 1978
BA - Economics
Johns Hopkins - 1971

Research Areas

Piracy and Copyright

Expert on all facets of digital piracy. My original work on the impact of photocopying was the template on which later analyses of newer forms of piracy were based. I have extensively studied impact of piracy on music sales.


Willful Blindness: The Inefficient Reward Structure in Academic Research, Economic Inquiry, Vol 52 (4), Pp. 1267-83. 2014 - Publication
Vol 94:1, February 2012, pp. 234-245.“Clash of the Titans: The Internet as a competitor to Television” (with Alejandro Zentner), Review of Economics and Statistics Vol 94:1, February 2012, pp. 234-245. 2012 - Publication
 “Is Efficient Copyright a Reasonable Goal?” George Washington Law Review, Vol 79, Issue 6, September 2011, p1692-1711. 2011 - Publication
ARMs, Not Subprimes, Caused the Mortgage Crisis, The Economists Voice Vol. 6: Iss. 12, Article 4 (2009).  2009 - Publication
Bundles of Joy: The Ubiquity and Efficiency of Bundles in New Technology Markets. With Stephen Margolis. Journal of Competition Law & Economics. 1 Vol. 5, March 2009, pp. 1-48. Lead Article.  2009 - Publication
Testing File-Sharing's Impact on Music Album Sales in Cities Management Science. 4. 54. (2008): 852-859. 2008 - Publication
How to Best Ensure Remuneration for Creators in the Market for Music? Copyright and its Alternatives. With Richard Watt. Journal of Economic Surveys. 20.4. (2006): 513-545. 2006 - Publication
File-Sharing: Creative Destruction or Just Plain Destruction? Journal of Law and Economics. 49.1. (2006): 1-28. 2006 - Publication
Economists' Topsy-Turvy View of Piracy. The Review of Economic Research on Copyright Issues. 3. (2005): 5-17. 2005 - Publication
Alternative Copyright Systems: the Problem with a Compulsory License. The Review of Economic Research on Copyright Issues. 2.1. (2005): 5-17. 2005 - Publication


Ashbel Smith Professor
University of Texas at Dallas [2006–Present]
University of Texas at Dallas [2004–Present]
Academic Associate Dean
University of Texas at Dallas [1996–1999]
University of Texas at Dallas [1993–2006]
Associate Professor
University of Texas at Dallas [1991–1993]
Associate Professor
North Carolina State University [1986–1991]
John Olin Faculty Fellow in Law of Economics
University of Chicago [1985–1986]
Assistant Professor of Economics
University of Rochestor [1982–1986]
Assistant Professor
University of Western Ontario [1977–1982]


George Mason Conference on Intellectual Property
2014–2018 Common Ground: How Intellectual Property Unites Creators and Innovators
Tullock Big Idea Lecture
2011–2018 George Mason University, "Sometimes it is a Wolf: Piarcy, Fiary Tale Business Models and Intellectual Property"
Keynote Speech
2012–2018 Assocation for Cultural Economics International BiAnnual meeting held in Kyoto Japan
Copyrights and Innovation
2014–2018 Gave presentation.

Additional Information

University Service
  • 2000- Numerous faculty committees
  • 1996-1999 Academic Associate Dean Management School; 
  • 1994-95 Member of Accreditation Task Force; Committee on Educational Policy; Committee on Undergraduate Requirements
  • 1993-94 Faculty Senate; Committee On Educational Policy; Committee On Undergraduate Requirements; School Of Management Curriculum Committee; Arranged Visit of James Buchanan - Nobel prize winner in economics. 
  • 1992-93 Faculty Senate; Academic Council; College Master For School Of Management; Committee On Educational Policy; Committee On Undergraduate Requirements; Intellectual Property Committee; School Of Management Curriculum Committee
  • 1991-2: Intellectual Property Committee; School Of Management Curriculum Committee
Profession Affiliations
  • President, Society for Research on Copyright Issues, 2006-2008
  • Editorial Board, Journal of Industrial and Business Economics 2009-
  • Editorial Board, Journal of Media Economics 2008-
  • Editorial Board, Review of Economic Research on Copyright Issues 2003-
  • Editorial Board, Copyright 2005-2006
  • Editorial Board, Journal of Network Industries 1999-2003
  • Editorial Board for Special Issue of MIS Quarterly on Standardization 2005.
  • Advisory Board for the Free State Foundation, 2008-
  • Academic Advisory Committee, Copyright Alliance, 2007-
  • Advisory Board for Heartland Institute’s Digital Economic Center 1999-present
  • Advisory Board for the Center for the Study of Digital Property, 2005-
  • Advisory Board for the Center on Entrepreneurial Innovation 2005-
  • Advisory Board of the Intellectual Property Institute, University of Richmond Law School 2005-
  • Advisory Board of the Media Institute 2007-2009
  • Adjunct Scholar, Competitive Enterprise Institute, 2003-
  • Adjunct Scholar, Cato Institute, 2003-
  • Fellow, Independent Institute, 1998-
Honors, Awards, Publicity
  • Main Keynote Speaker at the Association for Cultural Economics International Bi-Annual Meeting, Kyoto Japan, June 22-24, 2012.
  • Presented the “Tullock Big Ideas About Information Lecture” at George Mason University, Feb 28th 2011.
  • Who’s Who in America 2009-
  • Erskine Visiting Fellow at the University of Canterbury 2007 (declined)
  • Ashbel Smith Chair at the University of Texas at Dallas 2006-
  • President, Society for Economic Research on Copyright Issues, 2006-2008.
  • Keynote speaker at Business Software Alliance Regional Meeting in Kuala Lumpur, November2005.
  • US Supreme Court MGM v. Grokster concurring opinion authored by Justice Breyer cited mypaper on file-sharing.3
  • Symposium on the 20th anniversary of my concept of indirect appropriability. The Review of
  • Economic Research on Copyright Issues 2005.
  • Included in Who’s Who in Economics – based on receiving citations from academic articles.
  • Mark Blaug and Howard Vane (eds), Fourth Edition, Edward Elgar Publishing 2003.
  • Rethinking the Network Economy picked as one of the top 30 business books in 2003 by
  • Soundview Executive Books.
  • Article with Steve Margolis in Reason Magazine (1996) selected to be in Reason’s anthology of
  • Best Articles of the Decade (1990s), 2002.
  • A Keynote speaker at Conference on Media in Cyberspace at Harvard University, Oct. 18, 2003.
  • Keynote address at the Inaugural Conference of the Society for Economic Research on Copyright
  • Issues. Madrid Spain, June, 2002.
  • Keynote address at conference on Competition, Monopoly, and Regulation in the Information
  • Age in Frankfort, Germany, May 25, 2000.
  • “Distinguished Research Award” North Carolina State U, 1990
  • 1990 Bradley Fellowship to Attend Mt. Pelerin Society Meetings in Munich Germany
  • 1985-86 John Olin Faculty Fellow at the University of Chicago Law School
  • 1975-76 Smith Richardson Fellowship, UCLA
  • 1973-75 TAship UCLA
  • 1967-71 Open Scholarship, Johns Hopkins
  • 1967 Regents Scholarship, New York State (declined)

News Articles

Net Gain or Loss? Prof Ponders Radioheads Bold Test
Economics professor Stan Liebowitz has been asked to contribute to the invitation-only blog Thinkernet, a forum that asks leading technology figures to ponder the Internet’s future. Dr. Liebowitz's first post analyzes the business model used by the popular rock band Radiohead, which released its most recent album on the Internet for a price that its customers could pick for themselves. Other bloggers on Thinkernet include Philip Rosedale, founder and CEO of Linden Lab, responsible for the popular online game Second Life; and Craig Newmark, founder of Dr. Liebowitz is the Ashbel Smith Professor of Economics in the Management School at the UT Dallas. His research interests include the economic impact of new technologies, intellectual property and piracy; and the economics of networks.
Whose Fault are the Defaults? Prof Offers New Ideas
Media and politicians blame subprime mortgage lenders for a litany of problems, but when it comes to home foreclosures, the evidence doesn't completely support the accusation, economics professor Stan Liebowitz says. Instead of faulting predatory subprime lenders, research by the School of Management faculty member casts a darker gaze on homeowners who have negative equity — that is, owing more on a home loan than the home is worth. Liebowitz's article, printed in a recent Wall Street Journal opinion section, is titled, “New Evidence on the Foreclosure Crisis — Zero Money Down, Not Subprime Loans, Led to the Mortgage Meltdown.” Liebowitz says an individual who has a home with negative equity is at greater foreclosure risk because he “is more willing to walk away from the loan.”
Business Prof to Testify in DC on Mortgage Crisis
An opinion piece penned by a School of Management professor and published in the New York Post caught the eye of Republican congressional leaders and has led to an invitation to testify before Congress this week. Dr. Stan Liebowitz, the Ashbel Smith Professor of Economics, is scheduled to speak Thursday before the House Judiciary Subcommittee on the Constitution, Civil Rights and Civil Liberties. The committee is holding a hearing on enforcing the Fair Housing Act of 1968. At the height of the U.S. mortgage meltdown this past winter, the New York Post ran a commentary by Liebowitz, in which he placed the blame for the housing crisis on federal regulators who, he says, promulgated false claims that new relaxed lending standards were just as safe as older ones.
Economists Expertise is in Demand in DC
What do popular music and the mortgage meltdown have in common? Dr. Stan Liebowitz, for one. The UT Dallas economics professor addressed controversies involving both topics this month in remarks delivered to federal lawmakers and regulators. Prof's Research Backs Music Artists Addressing the music controversy, Liebowitz testified before the U.S. House Judiciary Committee about a proposal to require AM and FM radio stations to pay musicians royalties for playing their songs. Liebowitz, a leading copyright expert and the Ashbel Smith Professor of Economics in the School of Management, has conducted several studies on radio’s impact on record sales.


Independent Institute
Journal of Media Economics
Review of Economic Research on Copyright Issues
Journal of Industrial and Business Economics
Cato Institute
Competitive Enterprise Institute