LUT School of Business and Management gives Viipuri Prize to Erik Brynjolfsson

The LUT School of Business and Management has chosen the American researcher Erik Brynjolfsson as the recipient of this year's Viipuri Prize. The prize is awarded by the Society for Viipuri School of Economics (VITAKO) and is worth 10 000 euros. This is the ninth time the prize is awarded.

Erik Brynjolfsson (born 1962) is known for his contributions to the world of IT productivity research and his work on the economics of information – the artificial intelligence awakening and its implications for the workforce.

Brynjolfsson's research interests focus on the economic impacts of information technology on productivity at the levels of both the firm and the economy. He has also examined topics such as intangible assets, information worker productivity, the Long Tail in digital goods, and business process replication.

Brynjolfsson has documented a correlation between IT investments and productivity. His work provides evidence that the use of information technology is most likely to increase productivity when it is combined with complementary business processes and human capital.

In his books The Second Machine Age and Race Against the Machine, Brynjolfsson and his co-author Andrew McAfee, a researcher at MIT, have argued that technology is racing ahead, and have called for greater efforts to update our skills, organisations and institutions more rapidly.

Brynjolfsson is a professor at the Massachusetts Institute of Technology (MIT) Sloan School of Management, Director of the MIT Initiative on the Digital Economy, Director of the MIT Center for Digital Business, and a Research Associate at the National Bureau of Economic Research.

The original goal of the Society for Viipuri School of Economics (VITAKO), founded in 1919, was to establish a Finnish school of economics in Viipuri, at the time the second largest and most international city in Finland. After the Second World War, Viipuri was no longer a part of Finland. Therefore, the Society aimed to establish a school of business near the eastern border, ultimately choosing Lappeenranta as its location. VITAKO has supported LUT University since its establishment in 1969.

The previous recipients of the Viipuri Prize have been Professor David J. Teece (2003), Professor James G. March (2004), Professor Peter Buckley (2006), Professor Sidney G. Winter (2008), Professor C.K. Prahalad (2010), Professor John Kay (2012), Professor Constance E. Helfat (2014), and Professor Rebecca Henderson (2017).

The Viipuri Prize for strategic management is awarded in Lahti, Finland, in June 2019.

Further information:

LUT School of Business and Management, Deputy Dean Ari Jantunen
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