Elizabeth E. Bailey

Elizabeth E. Bailey
  • Professor Emeritus of Business Economics and Public Policy
  • Lecturer

Research Interests: contestability theory, corporate governance and social responsibility, economic deregulation, strategic management of economic, environmental, and international regulation


Elizabeth Bailey passed away on August 19, 2022.

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PhD, Princeton University, 1972; MS, Stevens Institute of Technology 1966; BA, Radcliffe College, 1960

Career and Recent Professional Awards; Teaching Awards

Doctor of Engineering (Honorary), Stevens Institute of Technology, 2000; Fellow, American Academy of Arts and Sciences, 1997; Directors’ Choice Award, National Women’s Economic Alliance Foundation, 1990; LLD (Honorary), DePaul University, 1988; Radcliffe College Alumnae Recognition Award, 1985

Academic Positions Held

Wharton: 1991-present (Chairperson, Business and Public Policy Department, 1997-2005; named John C. Hower Professor of Public Policy and Management, 1991). Previous appointments: Carnegie Mellon University (Dean and Professor of Economics, Industrial Administration and Public Policy, Graduate School of Industrial Administration, 1983-91). Visiting appointment: Yale University

Other Positions

Commissioner, Civil Aeronautics Board, 1977-83; Research Head, Economic Research Department, Bell Laboratories, 1975-77; Supervisor, Economic Analysis Group, Bell Laboratories, 1973-75

Professional Leadership 2005-2009

President Elect, President, Past-President, Eastern Economics Association, 1997-00; Advisory Committee, Center for Economic Policy Research, Stanford University, 1983-present; Princeton University Economics Advisory Council, 1989-present

Corporate and Public Sector Leadership 2005-2009

Board of Directors, CSX Corporation, 1989-present; Philip Morris Companies, Inc., 1989-present; Board of Trustees: Brookings Institution, 1988-present; College Retirement Equity Fund, 1987-present; National Bureau of Economic Research, 1993-present; Vice Chairman, Bancroft NeuroHealth, 1996-present

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Awards and Honors

  • Directors’ Choice Award, National Women’s Economic Alliance Foundation, 1990