David P. Baron

Professor Emeritus, Political Economy
+1 (650) 723-3757

David P. Baron

The David S. and Ann M. Barlow Professor of Political Economy and Strategy, Emeritus

Academic Area:

Research Statement

David Baron has published in the fields of industrial organization, economic theory, political science, business strategy, operations research, statistics, and finance. He has authored over 100 articles and three books, one of which is in its fifth edition. His principal research interests have been the theory of the firm, the economics of regulation, mechanism design and its applications, political economics, and nonmarket strategy. His current research focuses on political economics and strategy in the business environment.


Baron began his academic career at Northwestern University where he taught for thirteen years in the Kellogg Graduate School of Management. He joined Stanford GSB in 1981. He has also been a visiting professor at the Université d’Aix-en-Provence in France, the Katholieke Universiteit Leuven in Belgium, Harvard University, and the California Institute of Technology. At Stanford, he is The David S. and Ann M. Barlow Professor of Political Economy and Strategy, Emeritus at Stanford Graduate School of Business, and professor of economics and professor of political science by courtesy at Stanford School of Humanities and Sciences. He received a BS from the University of Michigan, an MBA from Harvard University, and a doctorate in business administration from Indiana University. In 2005, he was awarded an honorary doctorate degree by the Katholieke Universiteit Leuven in Belgium.

Baron has taught in MBA, PhD, and Executive Education programs, receiving the MBA teaching award at Kellogg and the PhD teaching award at Stanford GSB. He has been an innovator in the field of business and its social, political, and legal environment, and is the author of the leading textbook in the field. In 2007, he received the lifetime achievement award from the Aspen Institute.

His research has been supported by the National Science Foundation, Bureau of Health Services Research, Alfred P. Sloan Foundation, and the Citicorp Behavioral Sciences Research Council. He is a fellow of the Econometric Society and has served on the board of editors of American Economic Review, Quarterly Journal of Economics, Journal of Economics and Management Strategy, Business and Politics, and Decision Sciences.

Academic Degrees

  • Doctor Honoris Causa, Katholieke Universiteit Leuven, Belgium, 2005
  • DBA in Quantitative Business Analysis (Major), Managerial Economics & Finance (Minors), Indiana University, 1968
  • MBA, Harvard University, 1964
  • BS, University of Michigan, 1962

Academic Appointments

  • Visiting Professor, California Institute of Technology, 2012
  • Donald P. Jacobs Visiting Professor of Research, Kellogg School of Management, Northwestern University, 2007–present
  • Visiting Professor, Department of Government, Harvard University, 1990–91
  • Morrison Professor Decision Sciences, J.L. Kellogg Graduate School of Management, Northwestern University, 1978–81
  • Visiting Professor, Department of Applied Economics, Katholieke Universiteit Leuven, Belgium, 1977–78
  • Visiting Professor, Universite d’Aix-Marseille, Aix-en-Provence, France, 1973–74

Professional Experience

  • Corporate Analyst, Standard Oil Company, Indiana, 1964–66

Awards and Honors

  • Economics, Politics and Business Environment Category, The Case Centre Awards and Competitions, 2015
  • Lifetime Achievement Award, Business and Society Program, The Aspen Institute, 2008
  • Nancy L. Schwartz Lecture, Kellogg Graduate School of Management, Northwestern University, 2001
  • Distinguished Service Award, Doctoral Program, Stanford Graduate School of Business, 1999
  • Andersen Consulting Award for Best Article, California Management Review, 1995
  • Teacher of the Year, J.L. Kellogg Graduate School of Management, Northwestern University, 1980–81


Journal Articles


Working Papers

Stanford Case Studies

Service to the Profession

Professional Associations

  • Member, American Economic Association
  • Member, American Political Science Association
  • Fellow, Econometric Society

In the Media

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