Summary
Noel Maurer is an associate professor at the Harvard Business School in the Business, Government and the International Economy (BGIE) unit. Maurer earned his Ph.D. from Stanford University in 1997. Between 1998 and 2004 he worked as an assistant professor in the Department of Economics at ITAM, a university in Mexico City. Maurer also worked at an NGO dedicated to helping small rural communities in Chiapas find new business opportunities for their inhabitants. He joined the Business School faculty in 2004.
Maurer’s primary research interest is on how governments protect (or fail to protect) property rights and how do private actors defend their property rights against predatory governments or in the face of political instability? Maurer’s first two books, The Power and the Money and The Politics of Property Rights (the second co-authored with Stephen Haber and Armando Razo) examined how Mexican politicians and private actors created mechanisms that enabled investors to protect their property rights by transferring rents to third parties upon whom the government depended for political support. If those rents were interrupted, then the third parties would withdraw their support, and the government would risk collapse. These arrangements allowed Mexico’s economy to grow substantially despite a revolution, a counter-revolution, a counter-counter-revolution, two military coups, three coup attempts, three civil wars, and two presidential assassinations. Maurer’s third book, Mexico Since 1980 (co-authored with Herb Klein, Kevin Middlebrook and Stephen Haber) asked why Mexico’s authoritarian government collapsed in the 1980s and 1990s. It also asks how Mexico’s transition to democracy affected the business environment. What did democracy change and what did it not?
He is currently researching the history of the U.S. government's attempts to protect American investors when they venture outside the United States. He is also working on further developing a course on the politics and economics of the energy business.
| Current Institution | Harvard Business School |
| Department | Business Administration |
| Disciplines | |
| Geographical Focus | |
| Address | Harvard Business School Boston Massachusetts United States Phone: 617-495-6104 |
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Publication Summary
Books
- Maurer, Noel, and Carlos Yu. The Big Ditch: How America Took, Built, Ran, and Ultimately Gave Away the Panama Canal. Princeton University Press, 2010. Abstract
- Haber, Stephen, Herb Klein, Noel Maurer, and Kevin Middlebrook. Mexico Since 1980. The World Since 1980. Cambridge University Press, 2008. Abstract
- Haber, Stephen, Noel Maurer, and Armando Razo. The Politics of Property Rights: Political Instability, Credible Commitments, and Economic Growth in Mexico, 1876-1929. Political Economy of Institutions and Decisions. N.Y.: Cambridge University Press, 2003.
- Maurer, Noel. The Power and the Money: The Mexican Financial System, 1876-1932. Social Science History. Palo Alto, Calif.: Stanford University Press, 2002.
Published Papers
- Maurer, Noel. "The Empire Struck Back: Sanctions and Compensation in the Mexican Oil Expropriation of 1938." Journal of Economic History 71, no. 3 (September 2011): 590 - 615. Abstract
- Ahmed, Faisal Z., Laura Alfaro, and Noel Maurer. "Lawsuits and Empire: On the Enforcement of Sovereign Debt in Latin America." Law and Contemporary Problems 73, no. 4 (fall 2010). Abstract
- Maurer, Noel, and Carlos Yu. "What T. R. Took: The Economic Impact of the Panama Canal, 1903-1937." Journal of Economic History 68, no. 3 (September 2008). Abstract
- Maurer, Noel, and Stephen Haber. "Related Lending and Economic Performance: Evidence from Mexico." Journal of Economic History 67, no. 3 (September 2007): 551-581. Abstract
- Maurer, Noel, and Andrei Gomberg. "When the State is Untrustworthy: Public Finance and Private Banking in Porfirian Mexico." Journal of Economic History 64, no. 4 (December 2004): 1087-1107.
- Haber, Stephen, Noel Maurer, and Armando Razo. "When the Law Does Not Matter: The Rise and Decline of the Mexican Oil Industry." Journal of Economic History 63, no. 1 (March 2003): 1-31.
- Maurer, Noel, Stephen Haber, and Armando Razo. "Compromisos creíbles, corrupción, y capitalismo de compadrazgo." Gaceta Economica 12 (Primavera 2002).
- Maurer, Noel, and Tridib Sharma. "Enforcing Property Rights Through Reputation: Groups in Mexico's Early Industrialization, 1878-1913." Journal of Economic History 61, no. 4 (December 2001): 950-973.
- Maurer, Noel. "Banks and Entrepreneurs in Porfirian Mexico: Inside Exploitation or Sound Business Strategy?" Journal of Latin American Studies 31, no. 2 (May 1999).
Book Chapters
- Maurer, Noel, and Stephen Haber. "Institutional Change and Economic Growth: Banks, Financial Markets, and Mexican Industrialization, 1878-1913." Chap. 2 in The Mexican Economy, 1870-1930, edited by Jeffrey Bortz and Stephen Haber, 23-49. Social Science History. Palo Alto, Calif.: Stanford University Press, 2002.
- Maurer, Noel. "The Internal Consequences of External Credibility: Banking Regulation and Banking Performance in Porfirian Mexico." Chap. 3 in The Mexican Economy, 1870-1930, edited by Jeffrey Bortz and Stephen Haber, 50-92. Social Science History. Palo Alto, Calif.: Stanford University Press, 2002.
Other Papers
- Maurer, Noel. "Françafrique and Oil." 2012 Mimeo. (Workshop on Oil and Politcal Relations, Council on Foreign Relations.) Abstract
- Maurer, Noel. "Much Ado About Nothing: Expropriation and Compensation in Peru and Venezuela, 1968-75." Harvard Business School Working Paper, No. 11-097, March 2011.
- Maurer, Noel. "The Empire Struck Back: The Mexican Oil Expropriation of 1938 Reconsidered." Harvard Business School Working Paper, No. 10-108, June 2010. Abstract
- Iyer, Lakshmi, and Noel Maurer. "The Cost of Property Rights: Establishing Institutions on the Philippine Frontier Under American Rule, 1898-1918." Harvard Business School Working Paper, No. 09-023, August 2008. (Revised April 2009.) Abstract
- Maurer, Noel, and Stephen Haber. "Related Lending and Economic Performance: Evidence from Mexico, 1888-1913." Harvard Business School Working Paper, No. 06-045, 2006.
- Maurer, Noel. "Was NAFTA Necessary? Trade Policy and Relative Economic Failure since 1982." Harvard Business School Working Paper, No. 06-043, 2006.
- Maurer, Noel, and Carlos Yu. "What Roosevelt Took: The Economic Impact of the Panama Canal, 1903-29." Harvard Business School Working Paper, No. 06-041, 2006.
HBS Course Materials
- Maurer, Noel, Debora L. Spar, and J. Gunnar Trumbull. "Afghanistan 2006: Building a Brand New State." Harvard Business School Case 707-033.
- Maurer, Noel, and Forest L. Reinhardt. "Areva and the Nuclear Renaissance." Harvard Business School Case 709-061.
- Maurer, Noel. "Areva and the Nuclear Renaissance (TN)." Harvard Business School Teaching Note 711-070.
- Maurer, Noel, and Aldo Musacchio. "The Barber of Buenos Aires: Argentina's Debt Renegotiation." Harvard Business School Case 706-034.
- Maurer, Noel, and Aldo Musacchio. "The Barber of Buenos Aires: Argentina's Debt Renegotiation (TN)." Harvard Business School Teaching Note 706-062.
- Maurer, Noel, and Brian Chunder Dutt. "Blackwater and the Business of National Security." Harvard Business School Case 710-039.
- Abdelal, Rawi E., Lakshmi Iyer, and Noel Maurer. "Business, Government, and the International Economy (BGIE): Course Overview." Harvard Business School Note 706-029.
- Reinhardt, Forest L., Michael W. Toffel, Noel Maurer, and Frederik Peter Nellemann. "Colbun - Powering Chile (TN)." Harvard Business School Teaching Note 712-021.
- Reinhardt, Forest L., Noel Maurer, and Ricardo Reisen de Pinho. "Cosan: Thinking Outside the Barrel." Harvard Business School Case 710-017.
- Maurer, Noel. "Dubai in Crisis." Harvard Business School Case 710-061.
- Maurer, Noel. "The Energy Business and Geopolitics: Overview." Harvard Business School Course Overview, Instructor Only 711-090.
- Maurer, Noel. "Filling the Empty Quarter: Saudi Aramco and the World Oil Market." Harvard Business School Case 708-048.
- Maurer, Noel. "Filling the Empty Quarter: Saudi Aramco and the World Oil Market (TN)." Harvard Business School Teaching Note 711-075.
- Maurer, Noel, and Sogomon Tarontsi. "The Future of Iraq Project (A)." Harvard Business School Case 710-002.
- Maurer, Noel, and Sogomon Tarontsi. "The Future of Iraq Project (B)." Harvard Business School Supplement 710-016.
- Maurer, Noel, and Nobuo Sato. "In the Wake of Fukushima: Japanese Energy Policy." Harvard Business School Case 712-027.
- Maurer, Noel, Justin Cope, Andrew Jennings, and Alexander Somers. "Laredo Petroleum and American Shale Gas." Harvard Business School Case 712-015.
- Abdelal, Rawi E., Regina M. Abrami, Noel Maurer, and Aldo Musacchio. "The Market and the Mountain Kingdom: Change in Lesotho's Textile Industry." Harvard Business School Case 706-043.
- Abdelal, Rawi E., Regina M. Abrami, Noel Maurer, and Aldo Musacchio. "The Market and the Mountain Kingdom: Change in Lesotho's Textile Industry (TN)." Harvard Business School Teaching Note 707-003.
- Maurer, Noel, Aldo Musacchio, and Francisco Flores-Macias. "Pemex in Decline: Can the Oil Giant Turn Around?" Harvard Business School Case 710-021.
- Maurer, Noel. "Peoplepower, Inc.: The Republic of the Philippines." Harvard Business School Case 706-052.
- Maurer, Noel. "Peoplepower, Inc.: The Republic of the Philippines (TN)." Harvard Business School Teaching Note 706-066.
- Maurer, Noel, and Elisa Farri. "Poweo: David and Goliath in the French Electricity Market." Harvard Business School Case 711-037.
- Henderson, Rebecca M., Noel Maurer, and Cathy Ross. "The Smart Grid." Harvard Business School Case 310-072.
- Iyer, Lakshmi, and Noel Maurer. "What Should the Federal Reserve Do? Thoughts of Greenspan and Bernanke." Harvard Business School Case 706-017.
Books
Other Publications

