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Gunnar Trumbull

Gunnar Trumbull

Philip Caldwell Professor of Business Administration

Philip Caldwell Professor of Business Administration

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Gunnar Trumbull is the Phillip Caldwell Professor of Business Administration at Harvard Business School.

Professor Trumbull’s primary area of expertise in political economy, with a focus on consumer and regulatory politics. His book Strength in Numbers explores how even weak groups in society are able to gain economic and political influence. Trumbull has also written books on French innovation policy (Silicon and the State), consumer credit markets (Consumer Lending), and European consumer politics (Consumer Capitalism).

His current research and teaching focuses on climate change. He has a book forthcoming at Harvard Business School Press entitled A Concise Business Guide to Climate Change.  He has written a range of cases focused on climate entrepreneurs and the regulatory environment in which they operate. In 2022, he launched a new course in the MBA secund year curriculum entitled Global Climate Change. 

Professor Trumbull earned his AB in History and Literature at Harvard College. After college, he helped to found the NGO Geohazards International. He earned his PhD in Political Science at MIT, and joined HBS in 2001 as a member of the Business, Government and the International Economy unit. Recent honors include the Williams Award for excellence in teaching and the Student Association’s Faculty Award for outstanding teaching.

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Business, Government and the International Economy
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Gunnar Trumbull
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Business, Government and the International Economy
Contact Information
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Featured Work Publications Research Summary Awards & Honors

Books
Books

  • Trumbull, Gunnar. Consumer Lending in France and America: Credit and Welfare. New York: Cambridge University Press, 2014. View Details
  • Trumbull, Gunnar. Strength in Numbers: The Political Power of Weak Interests. Cambridge, MA: Harvard University Press, 2012. View Details
  • Trumbull, Gunnar. Consumer Capitalism: Politics, Product Markets, and Firm Strategy in France and Germany. Ithaca: Cornell University Press, 2006. View Details
  • Trumbull, Gunnar. Silicon and the State: French Innovation Policy in the Internet Age. Washington, D.C.: Brookings Institution Press, 2004. View Details

Journal Articles
Journal Articles

  • Trumbull, Gunnar, and Peter Tufano. "A Brief Postwar History of U.S. Consumer Finance." Business History Review 85, no. 3 (Fall 2011): 461–498. View Details
  • Trumbull, Gunnar. "Credit Access and Social Welfare: The Rise of Consumer Lending in the United States and France." Politics & Society 40, no. 1 (March 2012). View Details
  • Trumbull, Gunnar. "Varieties of Consumerism." Jahrbuch für Wirtschaftsgeschichte (spring 2006). View Details
  • Trumbull, Gunnar. "Policy Activism in a Globalized Economy: France's 35-hour Work Week." French Politics, Culture and Society 20, no. 3 (fall 2002). View Details
  • Trumbull, Gunnar. "More Trade, Safer Products." Schweizerische Zeitschrift für Politikwissenschaft (fall 2000). View Details

Book Chapters
Book Chapters

  • Trumbull, J. Gunnar. "Banking on Consumer Credit: Explaining Patterns of Household Borrowing in the United States and France." Chap. 7 in The Development of Consumer Credit in Global Perspective: Business, Regulation, and Culture, edited by Jan Logemann. New York: Palgrave Macmillan, 2012. View Details
  • Trumbull, Gunnar. "Consumer Policy: Business and the Politics of Consumption." Chap. 27 in The Oxford Handbook of Business and Government, edited by David Coen, Wyn Grant, and Graham Wilson, 622–642. Oxford: Oxford University Press, 2010. View Details
  • Trumbull, J. Gunnar. "Between Global and Local: The Invention of Data Privacy in the United States and France." In The Voice of the Citizen Consumer: A History of Market Research, Consumer Movements, and the Political Public Sphere, edited by Kerstin Bruckweh. Oxford: Oxford University Press, 2011. View Details
  • Trumbull, Gunnar. "The Surprise of Collective Action: Consumer Mobilization in France, 1970-1985." In Affluence and Activism: Organized Consumers in the Post-War Era, edited by Even Lange and Iselin Theien. Oslo: Unipub, 2004. View Details
  • Trumbull, Gunnar. "Strategies of Consumer Group Mobilization." In Material Politics: The State and Consumer Society, edited by Martin Daunton and Matthew Hilton. Oxford: Berg, 2000. View Details
  • Trumbull, Gunnar. "Divergent Paths of Product Market Regulation in France and Germany, 1970-1990." In Global Political Economy: Among and Within Nations, edited by Stuart S. Nagel. New York: Marcel Dekker, 2000. View Details
  • Trumbull, Gunnar, Anne Wren, Bob Hancke, and David Soskice. "Wage Bargaining, Labour Markets and Macroeconomic Performance in the Netherlands." In The German and Dutch Economies: Who Follows Whom? edited by Lei Delsen and Eelke de Jong. New York: Physica-Verlag, 1998. View Details

Working Papers
Working Papers

  • Ryan, Andrea, Gunnar Trumbull, and Peter Tufano. "A Brief Postwar History of U.S. Consumer Finance." Harvard Business School Working Paper, No. 11-058, December 2010. View Details
  • Trumbull, J. Gunnar. "Regulating for Legitimacy: Consumer Credit Access in France and America." Harvard Business School Working Paper, No. 11-047, November 2010. View Details
  • Trumbull, Gunnar. "From Rents to Risks: France's New Innovation Policy." Harvard Business School Working Paper, No. 04-020, October 2003. View Details
  • Trumbull, Gunnar. "The Rise of Consumer Politics: Market Institutions and Product Choice in Postwar France and Germany." Harvard Business School Working Paper, No. 03-054, October 2002. View Details

Cases and Teaching Materials
Cases and Teaching Materials

  • Trumbull, Gunnar. "Colossal: Bringing Back the Woolly Mammoth." Harvard Business School Case 722-056, April 2022. View Details
  • Trumbull, Gunnar. "Cultivo: Investing in Natural Capital." Harvard Business School Case 722-055, May 2022. View Details
  • Trumbull, Gunnar, and James Barnett. "Climate Change & the Biden Administration." Harvard Business School Case 722-030, March 2022. View Details
  • Trumbull, Gunnar, Bonnie Yining Cao, and Dawn H. Lau. "Envision Group." Harvard Business School Case 722-045, January 2022. (Revised February 2022.) View Details
  • Trumbull, Gunnar, and Malini Sen. "ReNew Power: Leading the Energy Transition in India." Harvard Business School Case 722-028, January 2022. (Revised March 2022.) View Details
  • Trumbull, J. Gunnar. "Accounting for Climate Change." Harvard Business School Technical Note 722-046, January 2022. View Details
  • Trumbull, J. Gunnar. "The German Export Engine." Harvard Business School Teaching Note 720-014, September 2019. View Details
  • Reinhardt, Forest, Gunnar Trumbull, Naoko Jinjo, and Mayuka Yamazaki. "Rice in Japan." Harvard Business School Case 717-032, December 2016. (Revised April 2019.) View Details
  • Reinhardt, Forest, Gunnar Trumbull, and Mahima Rao-Kachroo. "Jain Irrigation Systems Limited: Continuing a Legacy." Harvard Business School Case 719-044, January 2019. (Revised July 2022.) View Details
  • Trumbull, Gunnar J., Elena Corsi, and Daniela Beyersdorfer. "Managing the European Refugee Crisis." Harvard Business School Case 716-076, April 2016. (Revised July 2016.) View Details
  • Trumbull, Gunnar, and Jonathan Schlefer. "The German Export Engine." Harvard Business School Case 715-045, April 2015. (Revised December 2020.) View Details
  • Trumbull, Gunnar, Jonathan Schlefer, and Diane Choi. "Europe: An Ever Closer Union?" Harvard Business School Case 713-085, April 2013. View Details
  • Trumbull, J. Gunnar, and Jonathan Schlefer. "Note on the Arab Spring." Harvard Business School Background Note 712-055, April 2012. View Details
  • Comin, Diego A., and J. Gunnar Trumbull. "Fraunhofer: Innovation in Germany (TN)." Harvard Business School Teaching Note 711-063, March 2011. (Revised March 2012.) View Details
  • Comin, Diego A., J. Gunnar Trumbull, and Kerry Yang. "Fraunhofer: Innovation in Germany." Harvard Business School Case 711-022, March 2011. (Revised March 2012.) View Details
  • Reinhardt, Forest L., J. Gunnar Trumbull, Mikell Hyman, Patia McGrath, and Nazli Zeynep Uludere. "The Political Economy of Carbon Trading." Harvard Business School Case 710-056, February 2010. (Revised April 2011.) View Details
  • Trumbull, J. Gunnar. "Santander Consumer Finance (TN)." Harvard Business School Teaching Note 711-093, April 2011. View Details
  • Trumbull, J. Gunnar, Elena Corsi, and Elisa Farri. "ABB: 'In China, for China'." Harvard Business School Case 711-044, November 2010. (Revised December 2012.) View Details
  • Trumbull, J. Gunnar, and Diane Choi. "European Union: The Road to Lisbon (TN)." Harvard Business School Teaching Note 711-091, April 2011. View Details
  • Trumbull, J. Gunnar, Dante Roscini, and Diane Choi. "The Euro in Crisis: Decision Time at the European Central Bank (TN)." Harvard Business School Teaching Note 711-094, April 2011. View Details
  • Trumbull, J. Gunnar, and Diane Choi. "Common Agricultural Policy and the Future of French Farming (TN)." Harvard Business School Teaching Note 711-101, April 2011. View Details
  • Trumbull, J. Gunnar. "The Financial Crisis of 2008 (TN)." Harvard Business School Teaching Note 711-092, April 2011. View Details
  • Trumbull, J. Gunnar. "Consumer Lending in Japan: Citi CFJ (TN) (A) & (B)." Harvard Business School Teaching Note 711-102, April 2011. View Details
  • Comin, Diego A., J. Gunnar Trumbull, and Kerry Yang. "Fraunhofer: Five Significant Innovations." Harvard Business School Supplement 711-058, March 2011. View Details
  • Trumbull, J. Gunnar. "ABB: 'In China, for China' (TN)." Harvard Business School Teaching Note 711-095, March 2011. View Details
  • Trumbull, J. Gunnar. "Varieties of Capitalism." Harvard Business School Module Note 711-096, March 2011. View Details
  • Reinhardt, Forest L., and J. Gunnar Trumbull. "The Political Economy of Carbon Trading (TN)." Harvard Business School Teaching Note 711-098, March 2011. View Details
  • Trumbull, J. Gunnar, Dante Roscini, and Diane Choi. "The Euro in Crisis: Decision Time at the European Central Bank." Harvard Business School Case 711-049, December 2010. (Revised March 2011.) View Details
  • Trumbull, J. Gunnar, Elena Corsi, and Andrew Barron. "Santander Consumer Finance." Harvard Business School Case 711-015, September 2010. (Revised December 2010.) View Details
  • Maurer, Noel, Debora L. Spar, and J. Gunnar Trumbull. "Afghanistan 2006: Building a Brand New State." Harvard Business School Case 707-033, January 2007. (Revised February 2010.) View Details
  • Trumbull, J. Gunnar, and Akiko Kanno. "Consumer Lending in Japan: Citi CFJ (A)." Harvard Business School Case 709-017, October 2008. (Revised September 2009.) View Details
  • Trumbull, J. Gunnar, and Akiko Kanno. "Consumer Lending in Japan: Citi CFJ (B)." Harvard Business School Supplement 710-018, September 2009. View Details
  • Trumbull, J. Gunnar. "The Financial Crisis of 2008." Harvard Business School Case 709-036, December 2008. View Details
  • Trumbull, J. Gunnar. "The European Union in the 21st Century." Harvard Business School Case 707-021, December 2006. (Revised March 2008.) View Details
  • Trumbull, J. Gunnar, Vincent Marie Dessain, and Elena Corsi. "Common Agricultural Policy and the Future of French Farming." Harvard Business School Case 707-027, December 2006. (Revised March 2007.) View Details
  • Trumbull, J. Gunnar. "Wal-Mart in Europe (TN)." Harvard Business School Teaching Note 706-049, June 2006. View Details
  • Trumbull, J. Gunnar, and Louisa Neissa. "Wal-Mart in Europe." Harvard Business School Case 704-027, April 2004. (Revised July 2019.) View Details
  • Trumbull, J. Gunnar. "Creation of the European Union, The." Harvard Business School Case 703-032, April 2003. (Revised November 2003.) View Details

Other Publications and Materials
Other Publications and Materials

  • Trumbull, J. Gunnar. "Europe and Globalization: Report Prepared for the National Intelligence Council." December 2000. View Details
All Publications

Gunnar Trumbull is the Phillip Caldwell Professor of Business Administration at Harvard Business School.

Professor Trumbull’s primary area of expertise in political economy, with a focus on consumer and regulatory politics. His book Strength in Numbers explores how even weak groups in society are able to gain economic and political influence. Trumbull has also written books on French innovation policy (Silicon and the State), consumer credit markets (Consumer Lending), and European consumer politics (Consumer Capitalism).

His current research and teaching focuses on climate change. He has a book forthcoming at Harvard Business School Press entitled A Concise Business Guide to Climate Change.  He has written a range of cases focused on climate entrepreneurs and the regulatory environment in which they operate. In 2022, he launched a new course in the MBA secund year curriculum entitled Global Climate Change. 

Professor Trumbull earned his AB in History and Literature at Harvard College. After college, he helped to found the NGO Geohazards International. He earned his PhD in Political Science at MIT, and joined HBS in 2001 as a member of the Business, Government and the International Economy unit. Recent honors include the Williams Award for excellence in teaching and the Student Association’s Faculty Award for outstanding teaching.

Featured Work
Strength in Numbers: The Political Power of Weak Interests

Many consumers feel powerless in the face of big industry’s interests. And the dominant view of economic regulators (influenced by Mancur Olson’s book The Logic of Collective Action, published in 1965) agrees with them. According to this view, diffuse interests like those of consumers are too difficult to organize and too weak to influence public policy, which is determined by the concentrated interests of industrial-strength players. Gunnar Trumbull makes the case that this view represents a misreading of both the historical record and the core logic of interest representation. Weak interests, he reveals, quite often emerge the victors in policy battles.

Based on a cross-national set of empirical case studies focused on the consumer, retail, credit, pharmaceutical, and agricultural sectors, Strength in Numbers develops an alternative model of interest representation. The central challenge in influencing public policy, Trumbull argues, is not organization but legitimation. How do diffuse consumer groups convince legislators that their aims are more legitimate than industry’s? By forging unlikely alliances among the main actors in the process: activists, industry, and regulators. Trumbull explains how these “legitimacy coalitions” form around narratives that tie their agenda to a broader public interest, such as expanded access to goods or protection against harm. Successful legitimizing tactics explain why industry has been less powerful than is commonly thought in shaping agricultural policy in Europe and pharmaceutical policy in the United States. In both instances, weak interests carried the day.

Books
  • Trumbull, Gunnar. Consumer Lending in France and America: Credit and Welfare. New York: Cambridge University Press, 2014. View Details
  • Trumbull, Gunnar. Strength in Numbers: The Political Power of Weak Interests. Cambridge, MA: Harvard University Press, 2012. View Details
  • Trumbull, Gunnar. Consumer Capitalism: Politics, Product Markets, and Firm Strategy in France and Germany. Ithaca: Cornell University Press, 2006. View Details
  • Trumbull, Gunnar. Silicon and the State: French Innovation Policy in the Internet Age. Washington, D.C.: Brookings Institution Press, 2004. View Details
Journal Articles
  • Trumbull, Gunnar, and Peter Tufano. "A Brief Postwar History of U.S. Consumer Finance." Business History Review 85, no. 3 (Fall 2011): 461–498. View Details
  • Trumbull, Gunnar. "Credit Access and Social Welfare: The Rise of Consumer Lending in the United States and France." Politics & Society 40, no. 1 (March 2012). View Details
  • Trumbull, Gunnar. "Varieties of Consumerism." Jahrbuch für Wirtschaftsgeschichte (spring 2006). View Details
  • Trumbull, Gunnar. "Policy Activism in a Globalized Economy: France's 35-hour Work Week." French Politics, Culture and Society 20, no. 3 (fall 2002). View Details
  • Trumbull, Gunnar. "More Trade, Safer Products." Schweizerische Zeitschrift für Politikwissenschaft (fall 2000). View Details
Book Chapters
  • Trumbull, J. Gunnar. "Banking on Consumer Credit: Explaining Patterns of Household Borrowing in the United States and France." Chap. 7 in The Development of Consumer Credit in Global Perspective: Business, Regulation, and Culture, edited by Jan Logemann. New York: Palgrave Macmillan, 2012. View Details
  • Trumbull, Gunnar. "Consumer Policy: Business and the Politics of Consumption." Chap. 27 in The Oxford Handbook of Business and Government, edited by David Coen, Wyn Grant, and Graham Wilson, 622–642. Oxford: Oxford University Press, 2010. View Details
  • Trumbull, J. Gunnar. "Between Global and Local: The Invention of Data Privacy in the United States and France." In The Voice of the Citizen Consumer: A History of Market Research, Consumer Movements, and the Political Public Sphere, edited by Kerstin Bruckweh. Oxford: Oxford University Press, 2011. View Details
  • Trumbull, Gunnar. "The Surprise of Collective Action: Consumer Mobilization in France, 1970-1985." In Affluence and Activism: Organized Consumers in the Post-War Era, edited by Even Lange and Iselin Theien. Oslo: Unipub, 2004. View Details
  • Trumbull, Gunnar. "Strategies of Consumer Group Mobilization." In Material Politics: The State and Consumer Society, edited by Martin Daunton and Matthew Hilton. Oxford: Berg, 2000. View Details
  • Trumbull, Gunnar. "Divergent Paths of Product Market Regulation in France and Germany, 1970-1990." In Global Political Economy: Among and Within Nations, edited by Stuart S. Nagel. New York: Marcel Dekker, 2000. View Details
  • Trumbull, Gunnar, Anne Wren, Bob Hancke, and David Soskice. "Wage Bargaining, Labour Markets and Macroeconomic Performance in the Netherlands." In The German and Dutch Economies: Who Follows Whom? edited by Lei Delsen and Eelke de Jong. New York: Physica-Verlag, 1998. View Details
Working Papers
  • Ryan, Andrea, Gunnar Trumbull, and Peter Tufano. "A Brief Postwar History of U.S. Consumer Finance." Harvard Business School Working Paper, No. 11-058, December 2010. View Details
  • Trumbull, J. Gunnar. "Regulating for Legitimacy: Consumer Credit Access in France and America." Harvard Business School Working Paper, No. 11-047, November 2010. View Details
  • Trumbull, Gunnar. "From Rents to Risks: France's New Innovation Policy." Harvard Business School Working Paper, No. 04-020, October 2003. View Details
  • Trumbull, Gunnar. "The Rise of Consumer Politics: Market Institutions and Product Choice in Postwar France and Germany." Harvard Business School Working Paper, No. 03-054, October 2002. View Details
Cases and Teaching Materials
  • Trumbull, Gunnar. "Colossal: Bringing Back the Woolly Mammoth." Harvard Business School Case 722-056, April 2022. View Details
  • Trumbull, Gunnar. "Cultivo: Investing in Natural Capital." Harvard Business School Case 722-055, May 2022. View Details
  • Trumbull, Gunnar, and James Barnett. "Climate Change & the Biden Administration." Harvard Business School Case 722-030, March 2022. View Details
  • Trumbull, Gunnar, Bonnie Yining Cao, and Dawn H. Lau. "Envision Group." Harvard Business School Case 722-045, January 2022. (Revised February 2022.) View Details
  • Trumbull, Gunnar, and Malini Sen. "ReNew Power: Leading the Energy Transition in India." Harvard Business School Case 722-028, January 2022. (Revised March 2022.) View Details
  • Trumbull, J. Gunnar. "Accounting for Climate Change." Harvard Business School Technical Note 722-046, January 2022. View Details
  • Trumbull, J. Gunnar. "The German Export Engine." Harvard Business School Teaching Note 720-014, September 2019. View Details
  • Reinhardt, Forest, Gunnar Trumbull, Naoko Jinjo, and Mayuka Yamazaki. "Rice in Japan." Harvard Business School Case 717-032, December 2016. (Revised April 2019.) View Details
  • Reinhardt, Forest, Gunnar Trumbull, and Mahima Rao-Kachroo. "Jain Irrigation Systems Limited: Continuing a Legacy." Harvard Business School Case 719-044, January 2019. (Revised July 2022.) View Details
  • Trumbull, Gunnar J., Elena Corsi, and Daniela Beyersdorfer. "Managing the European Refugee Crisis." Harvard Business School Case 716-076, April 2016. (Revised July 2016.) View Details
  • Trumbull, Gunnar, and Jonathan Schlefer. "The German Export Engine." Harvard Business School Case 715-045, April 2015. (Revised December 2020.) View Details
  • Trumbull, Gunnar, Jonathan Schlefer, and Diane Choi. "Europe: An Ever Closer Union?" Harvard Business School Case 713-085, April 2013. View Details
  • Trumbull, J. Gunnar, and Jonathan Schlefer. "Note on the Arab Spring." Harvard Business School Background Note 712-055, April 2012. View Details
  • Comin, Diego A., and J. Gunnar Trumbull. "Fraunhofer: Innovation in Germany (TN)." Harvard Business School Teaching Note 711-063, March 2011. (Revised March 2012.) View Details
  • Comin, Diego A., J. Gunnar Trumbull, and Kerry Yang. "Fraunhofer: Innovation in Germany." Harvard Business School Case 711-022, March 2011. (Revised March 2012.) View Details
  • Reinhardt, Forest L., J. Gunnar Trumbull, Mikell Hyman, Patia McGrath, and Nazli Zeynep Uludere. "The Political Economy of Carbon Trading." Harvard Business School Case 710-056, February 2010. (Revised April 2011.) View Details
  • Trumbull, J. Gunnar. "Santander Consumer Finance (TN)." Harvard Business School Teaching Note 711-093, April 2011. View Details
  • Trumbull, J. Gunnar, Elena Corsi, and Elisa Farri. "ABB: 'In China, for China'." Harvard Business School Case 711-044, November 2010. (Revised December 2012.) View Details
  • Trumbull, J. Gunnar, and Diane Choi. "European Union: The Road to Lisbon (TN)." Harvard Business School Teaching Note 711-091, April 2011. View Details
  • Trumbull, J. Gunnar, Dante Roscini, and Diane Choi. "The Euro in Crisis: Decision Time at the European Central Bank (TN)." Harvard Business School Teaching Note 711-094, April 2011. View Details
  • Trumbull, J. Gunnar, and Diane Choi. "Common Agricultural Policy and the Future of French Farming (TN)." Harvard Business School Teaching Note 711-101, April 2011. View Details
  • Trumbull, J. Gunnar. "The Financial Crisis of 2008 (TN)." Harvard Business School Teaching Note 711-092, April 2011. View Details
  • Trumbull, J. Gunnar. "Consumer Lending in Japan: Citi CFJ (TN) (A) & (B)." Harvard Business School Teaching Note 711-102, April 2011. View Details
  • Comin, Diego A., J. Gunnar Trumbull, and Kerry Yang. "Fraunhofer: Five Significant Innovations." Harvard Business School Supplement 711-058, March 2011. View Details
  • Trumbull, J. Gunnar. "ABB: 'In China, for China' (TN)." Harvard Business School Teaching Note 711-095, March 2011. View Details
  • Trumbull, J. Gunnar. "Varieties of Capitalism." Harvard Business School Module Note 711-096, March 2011. View Details
  • Reinhardt, Forest L., and J. Gunnar Trumbull. "The Political Economy of Carbon Trading (TN)." Harvard Business School Teaching Note 711-098, March 2011. View Details
  • Trumbull, J. Gunnar, Dante Roscini, and Diane Choi. "The Euro in Crisis: Decision Time at the European Central Bank." Harvard Business School Case 711-049, December 2010. (Revised March 2011.) View Details
  • Trumbull, J. Gunnar, Elena Corsi, and Andrew Barron. "Santander Consumer Finance." Harvard Business School Case 711-015, September 2010. (Revised December 2010.) View Details
  • Maurer, Noel, Debora L. Spar, and J. Gunnar Trumbull. "Afghanistan 2006: Building a Brand New State." Harvard Business School Case 707-033, January 2007. (Revised February 2010.) View Details
  • Trumbull, J. Gunnar, and Akiko Kanno. "Consumer Lending in Japan: Citi CFJ (A)." Harvard Business School Case 709-017, October 2008. (Revised September 2009.) View Details
  • Trumbull, J. Gunnar, and Akiko Kanno. "Consumer Lending in Japan: Citi CFJ (B)." Harvard Business School Supplement 710-018, September 2009. View Details
  • Trumbull, J. Gunnar. "The Financial Crisis of 2008." Harvard Business School Case 709-036, December 2008. View Details
  • Trumbull, J. Gunnar. "The European Union in the 21st Century." Harvard Business School Case 707-021, December 2006. (Revised March 2008.) View Details
  • Trumbull, J. Gunnar, Vincent Marie Dessain, and Elena Corsi. "Common Agricultural Policy and the Future of French Farming." Harvard Business School Case 707-027, December 2006. (Revised March 2007.) View Details
  • Trumbull, J. Gunnar. "Wal-Mart in Europe (TN)." Harvard Business School Teaching Note 706-049, June 2006. View Details
  • Trumbull, J. Gunnar, and Louisa Neissa. "Wal-Mart in Europe." Harvard Business School Case 704-027, April 2004. (Revised July 2019.) View Details
  • Trumbull, J. Gunnar. "Creation of the European Union, The." Harvard Business School Case 703-032, April 2003. (Revised November 2003.) View Details
Other Publications and Materials
  • Trumbull, J. Gunnar. "Europe and Globalization: Report Prepared for the National Intelligence Council." December 2000. View Details
Research Summary
The Politics of Consumer Credit
A combination of factors has dramatically increased consumer access to and reliance upon credit across the OECD. These factors include financial liberalization and deregulation, improvements in consumer credit information and its analysis, and a growth in debt securitization. Yet this period of unprecedented credit access has coincided with a decline in average real wages. National governments have responded by enacting new regulations governing consumer bankruptcy, financial data privacy, consumer advocacy, and interest rate caps. This project traces the politics of consumer credit regulation in France, Germany and Britain during the postwar period.
The Political Power of Weak Interests

One of the most broadly accepted theoretical claims of public policy is the proposal that interests shared by a large set of actors tend to be under-represented in public policy. From Mancur Olson to George Stigler to James Q. Wilson, our most influential theorists of organization and public policy argue that diffuse interests must therefore be weak interests. The logic of their case is familiar and compelling. Large numbers of individuals are difficult to organize. And when the benefits of organization cannot be excluded from the general public, individuals will have insufficient incentives to support a collective lobbying effort. These coordination problems make organizing diffuse interests a harder job than organizing concentrated interests. Yet everywhere we look, diffuse interests are strongly represented. Consumers have benefited from progressive trade liberalization. Competition policy has broken apart concentrated producers with monopoly pricing power. Modern retailing has given rural consumer access to an extraordinary variety of products at extremely low prices. Small shareholders enjoy powerful legal protections against manipulation by powerful block-holders.

This book project explores why diffuse interests are so heavily represented in public policy, and why narrow interest groups that subvert more diffuse economic or social interests do so at their peril. Through a study of policies in agriculture, pharmaceuticals, retailing, and consumer credit, I explore how diffuse interest come to be represented, and the strategies that concentrated industry interests employ to achieve their interests.

The Politics of Food
This project explores the origins and evolution of national food cultures, emphasizing the sources of variation in terms of quality, safety, and 'sophistication'. Comparing food cultures in postwar Italy, France, and America, I argue that distinctive national patterns of food production and consumption have their roots in the differential ability of small producers and distributors to protect themselves against powerful agricultural, industrial and distribution interests. The product will be a book-length manuscript entitled: "Good Food, Bad Food." 
Awards & Honors
Received the 2016 Charles M. Williams Award for Excellence in Teaching.
Received the 2014 HBS Student Association Faculty Award for Outstanding Teaching in the Required Curriculum.
Received the 2013 HBS Student Association Faculty Award for Outstanding Teaching in the Required Curriculum.
Received the 2016 HBS Student Association Faculty Award for Outstanding Teaching in the Required Curriculum.
Received the 2013 Charles M. Williams Award for Excellence in Teaching.
Additional Information
  • Working Knowledge Articles
Affiliations
  • Center for European Studies
  • Business, Government and the International Economy
Areas of Interest
  • consumer finance
  • consumer goods
  • consumer policy
  • government and business
  • political economy
  • Additional Topics
  • technological innovation
  • Industries
  • agribusiness
  • consumer products
  • credit card
  • financial services
  • food
  • food processing
  • grocery
  • microfinance
  • retail financial services
  • retailing
  • Geographies
  • France
  • Germany
  • Western Europe
Additional Information
Working Knowledge Articles

Affiliations

Center for European Studies
Business, Government and the International Economy

Areas of Interest

consumer finance
consumer goods
consumer policy
government and business
political economy
 More

Additional Topics

technological innovation

Industries

agribusiness
consumer products
credit card
financial services
food
food processing
grocery
microfinance
retail financial services
retailing

Geographies

France
Germany
Western Europe
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