Policy and Political Economy

What it is and why it is important

Policy and political economy research investigates how political and economic systems influence the distribution of wealth, resources, and power within societies.

By examining the effects of policies on different population groups and economic sectors, our research helps identify and address economic inequalities, fostering a fairer distribution of resources.

Key research topics in this field include:

  • The design, implementation, and impact of public policies on economic and social outcomes.
  • The interplay between political institutions, economic structures, and social equity.
  • The role of governance and political processes in shaping economic policies and development.

It is foundational to any conception of a just society that everyone has some set of opportunities that are not unduly constrained by the facts of their birth.

Steven Durlauf

Related Research Papers

From Retributive to Restorative: An Alternative Approach to Justice in Schools 

Working Paper

The Social Construction of Race during Reconstruction

Working Paper

Episode #25: Peter Boettke on Classical Liberalism’s Moral Philosophy

Featured Episode In Policy and Political Economy

March 24, 2025
Economist Peter Boettke joins Steven Durlauf to explore a more hopeful side of economics—as a moral science focused on human flourishing. They discuss the Austrian school, classical liberalism, and the intellectual roots of this tradition.