Barbara G. Katz

Barbara G. Katz

Joined Stern 1974

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 7-82
New York, NY 10012

Personal website


Barbara G. Katz is Professor Emerita of Economics at the Stern School of Business, New York University. Professor Katz earned a B.A. in Economics, with Honors, from the University of Pennsylvania in 1968 (where she was elected to Phi Beta Kappa), an M.A. in Economic History from the University of Pennsylvania in 1969 and a Ph.D. in Economic History from the University of Pennsylvania in 1973. She has held Visiting Professorships at the Leon Recanati Graduate School of Business Administration, Tel Aviv University, Israel, and at the Essec Business School, Cergy, France. She has served on many Stern School committees and in the 1990's was elected a Stern School Senator to the University Faculty Council. Professor Katz has served on the Editorial Boards of Journal of Comparative Economics, Comparative Economic Studies and Economics of Planning (renamed Economic Change and Restructuring), and continues on that of Economic Change and Restructuring. She also was elected to a term on the Executive Board of the Association of Comparative Economic Studies.

Professor Katz's research focuses on the group of economies in transition that were created as a result of the fall of the Berlin Wall and the break-up of the Soviet Union. In particular, she has studied the optimal time path for privatization, the efficiency aspects of voucher privatization and how the choice might be made between big-bang and gradualist reforms. Recently she has worked on models relating to the emergence of the rule of law in economies in transition. One paper investigated the claim that property rights create their own demand for laws to enforce them. Another considered the relationship between crime and uncertain punishment in transition economies. A third modeled agents facing the uncertainty of two future forms of government who were able to insure against this uncertainty by hiding funds from taxation. She has also written on foreign direct investment and, most recently, is engaged in research relating to shareholder activism.

Professor Katz has published articles in a wide range of journals including the Journal of Economic Behavior and Organization, Economics of Transition, Journal of Comparative Economics, International Journal of Industrial Organization, American Economic Review, and Journal of Economic History. Recent publications include: "Should Governments Compete for Foreign Direct Investment?" Journal of Economic Behavior and Organization, Vol. 59, No. 2 (February 2006), pp. 230-248, with J. Owen, "Voucher Privatization: A Detour on the Road to Transition?" Economics of Transition, Vol. 10, No. 3, (November, 2002), pp. 553-583, with J. Owen, and "Choosing Between Big-Bang and Gradualist Reforms: An Option Price Approach," Journal of Comparative Economics, Vol. 28, No. 1 (March, 2000), pp. 95-107, with J. Owen.

Professor Katz recently taught Economics of Global Business, for which she served as core course coordinator, in the undergraduate program and Economies in Transition in both the MBA and undergraduate programs. During her career at Stern she has taught in the undergraduate, MBA, PhD and Executive MBA programs.

Research Interests

  • Economics of Transition
  • Emergence of the Rule of Law
  • Privatization
  • Shareholder Activism
  • Foreign Direct Investment

Courses Taught

  • Economics of Global Business
  • Economies in Transition

Academic Background

Ph.D., Economic History, 1973
University of Pennsylvania

M.A., Economic History, 1969
University of Pennsylvania

B.A., Economics, 1968
University of Pennsylvania

Areas of Expertise


  • Economics of Transition
  • Shareholder Issues/Activism


  • Eastern Europe
  • Russia