Political Economy

Through its research, teaching, and course development, the Stanford GSB political economy group has consistently led the way in business schools’ awakening to the enormous impact of nonmarket forces on business practice and performance.

Political economy courses blend cutting-edge research with contemporary business cases. Spanning theory and practice as such provides future managers with systematic frameworks for understanding behavior outside the traditional sphere of markets. Important features of the nonmarket environment include strategic aspects of NGOs and activists; business-government relations in lawmaking, rulemaking, and regulation (locally and globally); the legal environment of business; and the interplay of strategy and ethics.

The political economy faculty is composed of world-class economists and political scientists whose research epitomizes the unique benefits of rigorous interdisciplinary social science. The faculty not only strives for excellence in its own research and teaching but also takes pride in its incomparable PhD Program, which regularly trains the world’s best new political economists.

Recent Journal Articles in Political Economy

Vasil I. Yasenov, Duncan Lawrence, Fernando S. Mendoza, Jens Hainmueller
Journal of the American Medical Association: Pediatrics. November
18 , 2019


Federal policy changes in 2002 and 2009 led some states to expand public health insurance coverage to non–US-born children and pregnant women who are lawful permanent residents during their...

Gabor Simonovits, Neil Malhotra, Raymond Ye Lee, Andrew Healy
Political Behavior (early access). October
15 , 2019, Pages 1-14

Policy feedbacks take place when public policies change mass participation and mobilize key constituencies. This can influence future rounds of policymaking and solidify government programs. We explore policy feedback in...

David Broockman, Nicholas Carnes, Melody Crowder-Meyer, Christopher Skovron
British Journal of Political Science (early access). October

Would giving party leaders more influence in primary elections in the United States decrease elite polarization? Some scholars have argued that political party leaders tend to support centrist candidates in...

Saumitra Jha, Moses Shayo
Econometrica. September
2019, Vol. 87, Issue 5, Pages 1561-1588

Can participation in financial markets lead individuals to re-evaluate the costs of conflict, change their political attitudes and even their votes? Prior to the 2015 Israeli elections, we randomly assigned...

Linna Marten, Jens Hainmueller, Dominik Hangartner
National Academy of Sciences. August
31 , 2019, Vol. 116, Issue 33, Pages 16280-16285

There is widespread concern in Europe and other refugee-receiving continents that living in an enclave of coethnics hinders refugees’ economic and social integration. Several European governments have adopted policies to...