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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Entrenched Political Dynasties and Development Under Competitive Clientelism: Evidence from Pakistan

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Episode #34: Cristobal Young on ‘The Myth’ of Millionaire Tax Flight

Featured Episode In Policy and Political Economy

July 21, 2025
Even in high-tax states, most millionaires stay put. Cristobal Young joins Steven Durlauf and Geoff Wodtke to explain why the wealthy remain rooted, and what tax return and census data reveal about mobility, local ties, and the myth of tax flight.