Political Economy and Development

This course covers recent research on the role of political institutions (macro and micro) in economic development. We first introduce the concept of political distortions (e.g., patronage and state capture) that allow those in power to distort market competition and public investments. We then provide a wide range of reforms that may curb such distortions and improve democratic governance. This includes campaign finance laws, improvement in government transparency, bureaucratic reforms, and public deliberation. The course will be imbedded in the activities of the Institutional Experimentation Lab (IEL) of the Department of Politics.