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

David P. Baron
Journal of Economics & Management Strategy. February
2021

Two firms compete in a market vertically differentiated by the qualities of their products. Each firm produces a single product with profit proportional to product differentiation, and initial product qualities...

Erika Franklin Fowler, Michael M. Franz, Gregory J. Martin, Zachary Peskowitz, Travis N. Ridout
American Political Science Review. February
2021, Vol. 115, Issue 1, Pages 130–149

Despite the rapid growth of online political advertising, the vast majority of scholarship on political advertising relies exclusively on evidence from candidates’ television advertisements. The relatively low cost of creating...

Jessica Leight, Dana Foarta, Rohini Pande, Laura Ralston
Journal of Public Economics. October
2020, Vol. 190

The prevalence of vote-buying is widely identified as a cause of poor governance in the developing world; potential mechanisms for this relationship include the selection of lower quality politicians, and...

David P. Baron
Journal of Economics & Management Strategy. September
2020, Vol. 29, Issue 3, Pages 635–662

This paper presents an infinite horizon dynamic model in which two firms compete in a market vertically differentiated by the qualities of their products and consumers have heterogeneous preferences for...

Kelly Bidwell, Katherine Casey, Rachel Glennerster
Journal of Political Economy. August
2020, Vol. 128, Issue 8, Pages 2880-2924

Candidate debates have a rich history and remain integral to contemporary campaign strategy. There is, however, little evidence that they affect the behavior of voters or politicians. The scarcity of...

Faculty in Political Economy

Associate Professor (by courtesy)
Professor Emeritus
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Professor and Dean Emeritus
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Associate Professor
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Professor (by courtesy)
Professor (by courtesy)
Associate Professor
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Lecturers in Political Economy

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