David Austen-Smith is Professor Emeritus of Managerial Economics & Decision Sciences. He received his PhD in economics from Cambridge University in 1978. He joined the Northwestern faculty from the University of Rochester in 1996, transferring to the Kellogg School as the Earl Dean Howard Professor of Political Economy in September 2004 from the Weinberg College of Arts and Sciences, where he was the Ethel and John Lindgren Professor. Austen-Smith is currently teaching Strategic Crisis Management and Values-Based Leadership. He is an elected a fellow of the American Academy of Arts and Sciences, the Econometric Society, and the Society for the Advancement of Economic Theory; he is also a charter member of the Game Theory Society. Austen-Smith has published widely on positive political theory, social choice and applied game theory.

Political economy, social choice and welfare, deliberation, income distribution

• PhD, 1978, Economics, University of Cambridge
• BS, 1974, Economics, University of Bristol, England, First Class Honors

• Peter G. Peterson Professor of Corporate Ethics, Northwestern University
• Professor of Political Science and Economics, Weinberg College of Arts of Sciences, Northwestern University
• Earl Dean Howard Distinguished Professor of Political Economy, Northwestern University, 8/31/2006
• Ethel and John Lindgren Professor, Northwestern University, 8/31/2004
• Professor of Management and Strategy (by courtesy), Kellogg School of Management, Northwestern University, 8/31/2000
• Professor of Political Science, University of Rochester, 6/30/1996
• Associate Professor of Political Science, University of Rochester, 6/30/1991
• Lecturer in Economics, University of York, 6/30/1984
• Senior Associate Dean for Faculty and Research, Faculty and Research, Kellogg School of Management, Northwestern University, 8/1/2013
• Department Chair, Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 7/1/2010

• Chairs Core Course Teaching Award 2021
• Dorothy Ann and Clarence L. Ver Steeg Distinguished Research Fellowship Award
• Elected Fellow, Game Theory Society
• TSE Associate Member, Toulouse School of Economics
• Initiative d'Excellence (IDEX) chair, Institute for Advanced Studies in Toulouse, Toulouse School of Economics, four years
• Research Associate, Institut d'Analisi Economica, CSIC, UAB Spain, 2017, renewable every 3 years thereafter.
• Elected Fellow, Econometric Society, life
• Sidney J. Levy Teaching Award, Kellogg School of Business and Management, 2007-2008, 2005-2006
• Charter Member, Game Theory Society
• Economic Research Fellow, Society for the Advancement of Economic Theory, one year
• Elected Council Member, Game Theory Society, through 2011
• Fellow, American Academy of Arts and Sciences, 2000-present

• Co-Editor, Quarterly Journal of Political Science, 2005-2015
• Associate Editor, Social Choice and Welfare, 2005-2010
• Editorial Board, American Journal of Political Science, 1999-2001
• Associate Editor, Games and Economic Behavior, 1997-2010
• Associate Editor, Journal of Economic Theory, 1997-2005
• Editorial Board, American Political Science Review, 1995-2001

Political economy; non-market strategy; values

Strategic Crisis Management (PACTX-440-0)

Leadership and Crisis Management (PACT-440-5)
This course was formerly known as KPPI 440-A
In recent decades corporations have increasingly become the dominant source for political and social change. Increased globalization and technological progress have further accelerated this process. Businesses are now held accountable by standards other than legal compliance or financial performance. Successful business leaders have recognized that these challenges are best mastered by a commitment to values-based management. However, simply "doing the right thing" is not enough. Rather, companies increasingly find themselves as targets of aggressive legal action, media coverage and social pressure. Organizations must be prepared to handle rapidly changing environments and anticipate potential threats. This requires a deep understanding of the strategic complexities in managing various stakeholders and constituencies. To confront students with these challenges in a realistic fashion, the class is structured around a rich set of challenging case studies and crisis simulation exercises.

Foreign Study (INTL-490-EX5)
This course is offered to students who have been away for a quarter in the exchange program. (1.5 units)