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

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Complexity Theory and Economic Inequality

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Meritocracy and Its Discontents

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Episode #40: Damon Jones on Household Finance and Racial Inequality

Featured Episode In Policy and Political Economy

October 20, 2025
What can household finance teach us about inequality? Understanding it means grappling with myriad variables. Damon Jones joins co-host Steven Durlauf to unpack income shocks, Black economists’ insights, universal basic income, and more.