Scott Stern

Faculty

Scott Stern

About

Scott Stern is the David Sarnoff Professor of Management at the MIT Sloan School of Management.

Stern explores how innovation and entrepreneurship differ from more traditional economic activities, and the consequences of these differences for strategy and policy.  His research in the economics of innovation and entrepreneurship focuses on entrepreneurial strategy, innovation-driven entrepreneurial ecosystems, and innovation policy and management.  Recent studies include the impact of clusters on entrepreneurship, the role of institutions in shaping the accumulation of scientific and technical knowledge, and the drivers and consequences of entrepreneurial strategy.

Stern has worked widely with practitioners in bridging the gap between academic research and the practice of innovation and entrepreneurship.  This includes advising start-ups and other growth firms in the area of entrepreneurial strategy, as well as working with governments and other stakeholders on policy issues related to competitiveness and regional performance.  In recent years, Stern has developed a popular new MIT Sloan elective, Entrepreneurial Strategy, co-founded the MIT Regional Entrepreneurship Acceleration Program, advised the development of the Social Progress Index, and served as the lead MIT investigator on the US Cluster Mapping Project.

Stern started his career at MIT, where he taught from 1995 to 2001.  Before returning to MIT in 2009, he held positions as a Professor at the Kellogg School of Management and as a Non-Resident Senior Fellow at the Brookings Institution.  Stern is the director and co-founder of the Innovation Policy Working Group at the National Bureau of Economic Research.  In 2005, he was awarded the Kauffman Prize Medal for Distinguished Research in Entrepreneurship.

Stern holds a BA in economics from New York University and a PhD in economics from Stanford University.

Read more about Scott Stern here.

Publications

"The Empirics of Social Progress: The Interplay Between Subjective Well-Being and Societal Performance."

Stern, Scott. American Economic Review Papers and Proceedings. Forthcoming.

"The Impact of Artificial Intelligence on Innovation."

Cockburn, Iain M., Rebecca Henderson, and Scott Stern. In The Economics of Artificial Intelligence: An Agenda, edited by Ajay K. Agrawal, Avi Goldfarb, Joshua Gans, Chicago, IL: University of Chicago Press, Forthcoming.

"The Impact of the Entry of Biosimilars: Evidence from Europe."

Scott Morton, Fiona, Ariel Dora Stern, and Scott Stern. Review of Industrial Organization. Forthcoming.

"Standing on the Shoulders of Scotchmer: The Empirical Economics of Cumulative Innovation."

Furman, Jeffrey M., Fiona E. Murray, Scott Stern, and Heidi Williams. In On the Shoulders of Giants, edited by Stephen M. Maurer, 350-357. Cambridge, UK: Cambridge University Press, 2017.

"Nowcasting and Placecasting Entrepreneurial Quality and Performance."

Guzman, Jorge, and Scott Stern. In Measuring Entrepreneurial Businesses, edited by Antoinette Schoar, Erik Hurst, Javier Miranda, John Haltiwanger, 63-109. Chicago, IL: University of Chicago Press, 2017.

Load More

Recent Insights

Press

Premiere of Queensland brings MIT back to Australia

The Queensland will be hosting a weeklong set of key innovation and entrepreneurial ecosystem building activities led by MIT in early 2019.

Read Article
Ideas Made to Matter

Bringing big data to drug discovery

twoXAR, co-founded by MIT Sloan alumnus, uses machine learning to identify drug candidates in minutes, not years.

Read Article