Paul W. MacAvoy

Williams Brothers Professor Emeritus of Management Studies

Faculty Directory

Paul W. MacAvoy is the Williams Brothers Professor Emeritus of Management studies at the Yale School of Management. He has held chaired professorships at MIT and the University of Rochester, and was Dean of the Management Schools at Rochester and Yale. Professor MacAvoy served on President Ford’s Council of Economic Advisors, and as the cochairman of the Presidents Task Force on Regulatory Reforrn. He holds honorary doctorates from Bates College and Sacred Heart University and the Cross Medal from Yale University.

Professor MacAvoy has written numerous journal articles and books, including The Unsustainable Costs of Partial Deregulation (Yale University Press) and The Failure of Antitrust and Regulation to establish Competition in Long-Distance Telephone Services (The MIT Press).

His current writing project is editing and commenting on a select set of letters and papers written while a member of the Council of Economic Advisors in 1975-1976.

He has been a member of the Boards of Directors of the Alumax Corporation, the American Cyanamid Corporation, the Chase Manhattan Bank Corporation, the LaFarge Corporation, and the United States Synthetic Fuels Corporation. His research, teaching and consulting assignments are listed on his Curriculum Vitae. Last of all, Professor MacAvoy is reputed to have been the inventor of the term “voodoo economics” an occurance that took place on the GHW Bush porch at Kennebunkport Maine in 1977.


  • PhD, Yale University, 1960
  • MA, Yale University, 1956
  • AB, Bates College, 1955


  • Lafarge Corporation, 1993-2004
  • Alumax Corporation, 1993-1998; successor director to same position at AMAX Corporation, 1978-1993
  • Open Environment Corporation, 1993-1996
  • The Chase Manhattan Bank & Chase Manhattan Corporation, 1992-1996
  • American Cyanamid Company, 1977-1980; 1986-1994
  • Gleason Corporation, 1987-1993
  • AMAX Gold, Incorporated, 1992-1993
  • Combustion Engineering, Incorporated, 1980-1989
  • Colt Industries, Incorporated, 1984-1988
  • United States Synthetic Fuels Corporation, 1985-1986
  • Air One, Incorporated, 1983-1984
  • The Columbia Gas System Incorporated, 1977-1978