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 Events

Related Research Papers

A Tale of Two Transitions: Mobility Dynamics in China and Russia after Central Planning

Working Paper

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

Working Paper

Episode #35: Eric Schliesser on Adam Smith’s Warnings About Inequality

Featured Episode In Policy and Political Economy

August 11, 2025
Guests Eric Schliesser
Adam Smith is often remembered for championing free markets, but his moral philosophy on inequality and power is less known. Eric Schliesser joins Steven Durlauf to discuss this side of Smith and the decline of the economist as moral philosopher.