“Acceptance Speech” Frontiers of Knowledge Award 2023 in Economics, Finance and Management

Acceptance speech by Guido Tabellini, winner of the 2023 Frontiers of Knowledge Award in Economics, Finance and Management, who was honored alongside Timothy Besley and Torsten Persson for their pioneering contributions to understanding the relationship between political institutions and economic outcomes. Their research has transformed modern political economy by combining theoretical models and empirical evidence to explain how political systems shape economic decisions and public policies.

Tabellini discusses the relationship between economic inequality, redistributive conflicts and growth, explaining how these factors can hinder national development even in the presence of high public spending. His research shows how political institutions, electoral systems and policymakers’ incentives shape economic policies and the distribution of resources. He also highlights the importance of understanding these interactions to design institutions that promote stability and prosperity.