Prateek Raj studies how businesses and markets evolve(d) overtime in the past, and in developing countries. He is interested in the technological, cultural and institutional factors that drive such evolution.
Prateek will be joining the Indian Institute of Management Bangalore (IIMB) as an Assistant Professor in Strategy in fall of 2018. Holding the IIMB Young Faculty Research Chair, he will be leading research initiatives in economic and business history. He currently is a final year PhD Candidate in Strategy and Entrepreneurship at the University College London (UCL) and a Research Associate at the Stigler Center for the Study of the Economy and the State at University of Chicago Booth School of Business. Additionally, he is a Visiting Predoctoral Fellow at Kellogg School of Management and Center for Economic History at Northwestern University since 2015. Previously, he was also a Guest Teacher at Department of Management at London School of Economics (LSE) from 2012 to 2015.
DETAILS (PHD journey)
- Assistant Professor of Strategy & IIMB Young Faculty Chair, Indian Institute of Management Bangalore, 2018
- Research Associate, Stigler Center, University of Chicago Booth School of Business, 2016-Present
- Visiting Fellow, Kellogg School of Management, Northwestern University, 2015-Present
- Guest Teacher, Department of Management, London School of Economics, 2012-2015
- PhD in Strategy and Entrepreneurship, University College London, 2013-Present
- MRes in Management Science and Innovation, University College London, 2012-2013
- BTech in Production and Industrial Engineering, IIT Delhi, 2006-2010
An Economy Of Strangers
1. Origins of Impersonal Markets in Commercial and Communication Revolutions of Europe
- Download: Paper, Slides
- Podcast: "This explains why modern markets developed where they did", Bloomberg. 15th Jan, 2018
- Media coverage: LSE Business Review (link, 12 Feb, 2018), Unherd (link, 19 Jan, 2018), Equitable Growth (link, 6 Jan, 2018), VoxEU (link, 4 Jan, 2018), ProMarket (link, 13 Nov, 2017; link, 21 Jul, 2017; link, 8 Mar, 2017), Naked Capitalism (link, 20 Aug, 2017), Evonomics (link, 21 Jul, 2017), Derecho Mercantil (link in Spanish, 18 Jul, 2017) and FinMag (link in Czech, 22 Mar, 2017)
- Interactive map of early modern Europe (link).
2. Evolution of Trust in Impersonal Exchange
- Download: Paper, Review of Generalized Trust
- Media coverage: ProMarket (link), Derecho Mercantil (link in Spanish)
- Click for an interactive graph of simulated graph of trust (link)
3. Emergence of Bourgeois Ideas in Early Modern Europe
- Work in progress
- Brief: Markets of ideas (like product and labor markets) can be concentrated, and pose barriers of entry for new comers. What factors give rise to a competitive market for ideas? I look at the earliest decades of printing in Europe for answers.
1. India's Imagined Communities
- with Paola Sapienza and Luigi Zingales.
- Work in Progress
- Brief: How do institutions affect identity, and how do identities affect long-term development? We explore whether colonial censuses increased salience of caste in Indian social relations, and if this salience has long-term effect on political economy and development.
- Download: Case
I contribute to academic blogs like Chicago Booth's ProMarket and LSE Business Review. I also run a twitter service called #Management101 collating and sharing useful management and economics research. You can also follow me of Twitter @prateekraj_.
- "Prize-Winning Innovations in Measuring Civic Capital and its Effects", ProMarket. 22nd March, 2018
- "How Lübeck faded, while Hamburg survived trade disruption from the Dutch" LSE Business Review. 12th February, 2018
- “The role of trade and information technology in the decline of merchant guilds”, VoxEU. 4th Jan, 2018
- “A Tale of Two Cities- Hamburg and Lübeck”, ProMarket. 13th Nov, 2017
- "How the Postal System and the Printing Press Transformed European Markets?", Evonomics. 29th July, 2017
- “How Markets in Europe Opened Up as Guild Monopolies Declined in the Sixteenth Century?”, ProMarket. 21st July, 2017
- “Antimonopoly is as old as the Republic”, ProMarket. 22nd May, 2017
- “Can Narratives Shape Society?”, ProMarket. 11th April, 2017
- “Regulace Taxislužeb: Dvojsečná Zbraň”, Finmag. 22nd March, 2017
- “Does Regulation Build Trust or Entrench Cliques”, ProMarket. 8th March, 2017
- “Role of Narratives in Economics”, ProMarket. 13th February, 2017
- “How to come up with strategy under true uncertainty?”, LSE Business Review. 2nd September, 2016