Master of Science in Economics, Helsinki (Finland) School Economics, 1971; Doctor of Philosophy in Managerial Economics, Helsinki (Finland) School Economics, 1975.
Associate professor University Jyväskylä, Finland, 1979-1988. Professor Helsinki School of Economics, since 1990, director Basic Research Institute, 1993-1995, founding director Center Innovative Education, 1996-1998, director international center, 1998—2005, vice rector, 1999—2004, professor department head, since 2005. Visiting professor Purdue University, West Lafayette, Indiana, 1979-1980, Arizona State University, Tempe, 1984-1986,2002,06 Texas Agricultural and Mechanical University, College Station, 1991-1992.
Second lieutenant Finnish Army, 1977-1978.
Married Hannele Elina Heinonen, August 25, 1973. 1 child, Johanna Kristiina.