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

Benjamin J. Newman, Neil Malhotra
The Journal of Politics. January
2019, Vol. 81, Issue 1

Leading research is converging on the finding that citizens from immigrant-receiving nations strongly prefer the entry of high-skilled to low-skilled immigrants. Prior studies have largely interpreted this “skill premium” as...

David Broockman, Gregory Ferenstein, Neil Malhotra
American Journal of Political Science. January
2019, Vol. 63, Issue 1, Pages 212-233

Economic elites regularly seek to exert political influence. But what policies do they support? Many accounts implicitly assume economic elites are homogeneous and that increases in their political power will...

Takuo Sugaya, Alexander Wolitzky
Journal of Political Economy. December
2018, Vol. 126, Issue 6, Pages 2569-2607

It is conventional wisdom that transparency in cartels—monitoring of competitors’ prices, sales, and profits—facilitates collusion. However, in several recent cases cartels have instead worked to preserve the privacy of their...

Niklas Harder, Lucila Figueroa, Rachel Gillum, Dominik Hangartner, David Laitin, Jens Hainmueller
PNAS. October
22 , 2018, Vol. 115, Issue 45, Pages 11483-11488

The successful integration of immigrants into a host country’s society, economy, and polity has become a major issue for policymakers in recent decades. Scientific progress in the study of immigrant...

Douglas Ahler, David Broockman
Journal of Politics. October
2018, Vol. 80, Issue 4, Pages 1117-1133

Many advocate for political reforms intended to resolve apparent disjunctures between politicians’ ideologically polarized policy positions and citizens’ less polarized policy preferences. We show these apparent disjunctures can arise even...