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

Kirk Bansak, Jeremy Ferwerda, Jens Hainmueller, Andrea Dillon, Dominik Hangartner, Duncan Lawrence
Science. January
19 , 2018, Vol. 359, Issue 6373, Pages 325-329

Developed democracies are settling an increased number of refugees, many of whom face challenges integrating into host societies. We developed a flexible data-driven algorithm that assigns refugees across resettlement locations...

Ken Shotts, Alexander V. Hirsch
Journal of Politics (forthcoming).
2018

We analyze a model of policymaking in which only one actor, e.g., a bureaucratic agency or a well-funded interest group, has the capacity to develop high-quality policy proposals. By virtue...

David P. Baron, Renee Bowen, Salvatore Nunnari
Journal of Public Economics. December
2017, Vol. 156, Pages 1-13

We present a laboratory experiment to study the effect of communication on durable coalitions — coalitions that support the same allocation from one period to the next. We study a...

Dana Foarta
American Economic Review (accepted). November
2017

This paper studies the welfare e§ects of a ëpartial banking unioníin which cross-country transfers for bailouts are set at the supranational level, but policymakers in member countries decide the distribution...

David Broockman, Christopher Skovron
American Political Science Review (conditionally accepted). October
2017

The conservative asymmetry of elite polarization and the right-skewed “democratic deficit”—wherein policy is more conservative than majorities prefer on average—represent significant puzzles. We argue that such breakdowns in aggregate representation...