Barry R. Weingast

Barry R. Weingast (born September 1, 1952)[1] is a U.S.-American political scientist and economist, who is currently the Ward C. Krebs Family Professor at Stanford University and a Senior Fellow at the Hoover Institution. Weingast's research concentrates on the relationship between politics and economics, in particular economic reform, regulation and the political foundation of markets.[2]

Youth and Education

Barry R. Weingast was born on September 1, 1952 in Los Angeles, California. After his secondary education, he studied at the University of California, Santa Cruz from which he obtained a B.A. in mathematics in June 1973. Thereafter, he moved on to graduate studies in economics at the California Institute of Technology, which awarded him a Ph.D. in June 1978 for his thesis titled "A representative legislature and regulatory agency capture".[3]

Academic career

Following the end of his graduate studies Barry R. Weingast became an assistant professor of economics at the Washington University in St. Louis (WUSTL) in 1977, where he also worked as a research associate at the Center for the Study of American Business, before being promoted to associate professor in 1983 and to full professor in 1986. Later on, Weingast became affiliated with the Hoover Institution, first as a senior research fellow in 1987 and then as a senior fellow in 1990, a position which he holds to this day. After having left WUSTL in 1988, he was appointed as professor of political science at Stanford University in 1992, reflecting his transition from economics to political science, after having left WUSTL in 1988. His current position, the Ward C. Krebs Family Professor, was awarded to him by Stanford University in 1997.

In addition to his professorship in political science, Weingast has held a courtesy appointment in economics at Stanford University since 1989 and works at several institutes affiliated with Stanford University, including the Stanford Center for International Development, the Stanford Center for International Studies and the Woods Institute for the Environment. Before that he has been a visiting professor or scholar at the University of California, Berkeley, Cornell Law School, Virginia Law School and the Graduate School of Business at Stanford University. Weingast has also been a fellow of the American Academy of Arts and Sciences since 1996. In the past, he has acted as the Chair and as the Director of Graduate Studies of Department of Political Science at Stanford University and as the Director and President of the International Society for the New Institutional Economics. He is also a member of the American Economic Association, American Political Science Association and the Economic History Association, among others, and on the board of directors of the Journal of Institutional and Theoretical Economics, Constitutional Political Economy, Journal of Policy Reform, Public Choice and Business and Politics.[4]

Research

Barry R. Weingast's research interests focus on political economy, new institutional economics, regulation and the application of rational choice theory to legal, legislative and constitutional institutions.[5] The bibliographic database IDEAS/RePEc ranks him among the top 5% of economists according to different metrics, including average rank score, number of citations and number of distinct works.[6] His most cited research article, co-authored with Nobel Memorial Prize laureate Douglass C. North in 1989, analyzes the development of constitutional arrangements in 17th-century England after the Glorious Revolution of 1688 and posits based on evidence from capital markets that new institutions successfully enabled the government to credibly commit to upholding property rights.[7] Further important research contributions to economics by Weingast include among else:

Weingast's recent work includes: the central role of violence in the political-economics of development (with Gary W. Cox and Douglass C. North); the political and constitutional foundations of ancient Athens (with Federica Carugati and Josiah Ober).

References

  1. ↑ Curriculum vitae of Barry R. Weingast on the website of the Department of Political Science, Stanford University
  2. ↑ "Barry R Weingast". Retrieved 19 November 2014.
  3. ↑
  4. ↑
  5. ↑
  6. ↑ [https://ideas.repec.org/f/pwe334.html#stats
  7. ↑ D.C., Weingast, B.R. (1989). Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in 17th-Century England. Journal of Economic History, 49(4), pp. 803-832.
  8. ↑ Weingast, Barry R & Shepsle, Kenneth A & Johnsen, Christopher (2 February 1981). "Weingast, B.R., Shepsle, K.A., Johnsen, C. (1981). The Political Economy of Benefits and Costs: A Neoclassical Approach to Distributive Politics. Journal of Political Economy, 89(4), pp. 642-664.". Retrieved 19 November 2014.
  9. ↑ McCubbins, Mathew D & Noll, Roger G & Weingast, Barry R (2 February 1987). "McCubbins, M.D., Noll, R.G., Weingast, B.R. (1987). Administrative Procedures as Instruments of Political Control. Journal of Law, Economics, & Organization, 3(2), pp. 242-277.". Retrieved 19 November 2014.
  10. ↑ Greif, Avner & Milgrom, Paul & Weingast, Barry R (2 February 1994). "Greif, A., Milgrom, P., Weingast, B.R. (1994). Coordination, Commitment, and Enforcement: The Case of the Merchant Guild. Journal of Political Economy, 102(4), pp. 745-776.". Retrieved 19 November 2014.
  11. ↑ Yingyi Qian & Barry R. Weingast (2 February 1997). "Qian, Y., Weingast, B.R. (1997). Federalism as a Commitment to Preserving Market Incentives. Journal of Economic Perspectives, 11(4), pp. 83-92.". Retrieved 19 November 2014.

External links

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