Leadership1 distinct publisher3 min readPublished
Leaders who have watched values language crowd out the capital-allocation story have met this mechanism already, and the Kellogg model says it runs on what an audience can verify rather than what it cares about.
The Board Room · Leadership desk

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The escalation in this model comes from the candidate who is ahead. The one whose stances sit closer to the median voter has every reason to state them plainly, which invites the trailing candidate to imitate that language, and the leader then skews their own rhetoric to stay distinguishable [8]. Under perfectly transparent messaging the imitation would simply end with the trailing candidate parked next to average voter preferences on both dimensions [9]. Noise is what prevents that resting point, and when only one dimension reliably transmits distance, that is the dimension on which distance gets manufactured [6].
The salience trend runs against the intuitive account. The increase Kellogg Insight cites amounts to 16 percentage points across 28 years, leaving a base of stated economic concern roughly 44 percent larger than it was [12]. A story in which candidates allocate their airtime by audience priority predicts more economic messaging over that stretch, not less. Egorov's account puts legibility in charge of the allocation instead: cultural positions show up in what a politician posts and are "more observable and harder to manipulate," while economic messaging is "quite obscure," with both parties invoking the middle class and small business [7].
The structure is recognisable inside a company, though the analogy is mine and not the paper's. A capital plan or a margin path is hard for an employee, a customer, or often a board to verify from a statement, because the statement compresses years of contingency into a sentence. A stance on values is cheap to observe and expensive to fake, since it sits in the record of what leaders have already said. The sorting the model predicts is therefore that rivals inside an organisation sound alike on the substance and separate themselves on register.
A skeptic would say this is a theory paper that generates the pattern it was written to explain, and the account available describes a model devised to help explain the phenomenon rather than a test of it [13]. That is fair as far as it goes. The model's usefulness is that it commits to a falsifiable ordering rather than a mood, and campaign transcripts can be checked against it, while the rising salience figure already strains the simpler explanation.
The tradeoff for anyone communicating this quarter sits between two costs. Making the hard message decodable means committing to numbers and dates that can later be held against you, which is exactly why most statements decline to do it; leaving it opaque means the only available differentiation runs through tone, and tone escalates. Egorov's summary of the political case travels: polarization is real, "but maybe not on the issues that average voters really care about" [10]. A leadership team that keeps its strategy vague should expect its loudest internal disagreements to be about register, with the strategy question still open at the end of them.
Ranked by verification strength, evidence, and original report placement.
Kellogg Insight published an article, "Why Politicians Keep Campaigning on Culture," describing a theoretical model devised by Georgy Egorov, a professor of managerial economics and decision sciences at Kellogg, with Daron Acemoglu of MIT and Konstantin Sonin of the University of Chicago.
Voters consistently rank the economy among the most important concerns, yet political rhetoric often centers on cultural flashpoints such as religion or immigration.
In the model, because messages about the economy are harder for voters to understand and interpret, candidates resort to campaigning on culture and become more extreme in their cultural rhetoric as a way of differentiating themselves from each other, even as their economic messages converge.
Democrats and Republicans both focus on cultural topics over economic ones, and their messaging on culture tends to be much more polarized.
The share of voters calling the economy "extremely important" rose from 36 percent in 1996 to 52 percent in 2024.
The model depends on the assumption that campaign rhetoric is "noisy": politicians do not always say exactly what they mean, some economic policies are genuinely difficult to explain, simplifications and shortcuts are inevitable, and voters must infer from those signals what politicians will actually do.
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1 article · September 1, 2026
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Evidence-backed comparisons of source perspectives and observed adoption signals. Read the methodology
Which Builder, Operator, and Investor concerns the observed source mix emphasized—not a truth score.
Evidence, demonstrated adoption, hype gap, incentives, and confidence are assessed independently, each on its own current evidence. How these are measured.
One house publication, one model, no test
The mechanism is coherently laid out and internally consistent, which is worth something. But the only quantitative fact in the reporting — economic salience climbing from 36 to 52 percent between 1996 and 2024 — arrives with no survey named, and Kellogg Insight is explicit that the work is a theoretical model with the predictions untested against actual campaign speech. Coherence is not confirmation.
Nothing downstream to count
This reporting shows an idea at the moment of publication and nothing after it: no replication, no application to a campaign dataset, no other researcher building on it or pushing back. Assigning an uptake figure here would be inventing one.
Causal language on a theoretical spine
Kellogg Insight is reasonably disciplined in its own prose — "a theoretical model to help explain" is honest phrasing. The overreach is in how the finding is presented as settling a real-world puzzle about American polarization, with the salience statistic doing rhetorical work the model never touches. A mechanism that could be true is being read as the reason things are true.
The school publishing its own faculty
This is a business school's magazine writing up a paper by one of its own professors, opening with a featured-faculty credit. That is not a scandal, it is a genre — but it explains what is absent: no dissenting political scientist, no competing account of the culture-war turn, no funding note, and no editorial distance between the finding and the institution that benefits from the finding travelling.
Clear on the argument, blind past it
We can state with confidence what the researchers claim and how the mechanism is supposed to work; the reporting is specific enough for that. What we cannot judge from here is whether the asymmetry it assumes actually holds, or whether anyone outside the author team finds the result persuasive — and one in-house write-up leaves no way to close that gap.