This workshop will bring together experts and young researchers from the fields of algebraic statistics and economics interested in tackling challenging problems in social sciences, public policy, and urban development. The workshop is aimed at fostering collaboration and identifying emerging trends between the two fields that traditionally have not interacted much. Experts will present state of the art research on topics that include data privacy, causal inference, dynamical systems, network models, game theory, information trade, and auctions. These are topics that have been classically studied in both fields but in different frameworks. For this reason, plenty of time will be devoted to creating a common language and for discussion of open problems.