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 Broockman, Daniel M. Butler
American Journal of Political Science. January
2017, Vol. 61, Issue 1, Pages 208-221

Influential theories depict politicians as, alternatively, strongly constrained by public opinion, able to shape public opinion with persuasive appeals, or relatively unconstrained by public opinion and able to shape it...

Kirk Bansak, Jens Hainmueller, Dominik Hangartner
Science. October
14 , 2016, Vol. 354, Issue 6309, Pages 217-222

What types of asylum seekers are Europeans willing to accept? We conducted a conjoint experiment asking 18,000 eligible voters in 15 European countries to evaluate 180,000 profiles of asylum seekers...

David Broockman, Timothy J. Ryan
American Journal of Political Science. October
2016, Vol. 60, Issue 4, Pages 1093-1107

Past work suggests that partisan attachments isolate citizens from encountering elite messages contrary to their points of view. Here, we present evidence that partisan attachments not only serve to filter...

Jens Hainmueller, Dominik Hangartner, Duncan Lawrence
Science Advances. August
2016, Vol. 2, Issue 8

European governments are struggling with the biggest refugee crisis since World War II, but there exists little evidence regarding how the management of the asylum process affects the subsequent integration...

Joshua L. Kalla, David Broockman
American Journal of Political Science. July
2016, Vol. 60, Issue 3, Pages 545-558

Concern that donations to political campaigns secure preferential treatment from policy makers has long occupied judges, scholars, and the public. However, the effects of contributions on policy makers’ behavior are...