The opportunities, social mobility, and high living standards enjoyed by Americans today are a consequence of two centuries of economic growth driven by a market economy and the legal and political institutions that underpin it. In recent years, however, increasing numbers of academics and public officials have argued that changes in technology and demographics make an economic and political system based on markets unviable. The Hoover Prosperity Program conducts evidence-based research on the institutions and policies that foster economic prosperity amid today’s public policy challenges.
The goal of the program is to advance the state of knowledge so that citizens and public officials can make informed decisions about a core question: what set of laws, policies, and regulations is most likely to insure a prosperous future?