The Hoover Institution has launched the Hoover Prosperity Program for the 2024–25 academic year, aiming to elevate evidence-based research on the value of markets and capitalism. Directed by Stephen Haber, the program seeks to enhance knowledge for informed decision-making regarding laws and policies that promote a prosperous future. Haber emphasizes the historical insights of the U.S. founders regarding the relationship between markets and government, which can help address the negative perceptions of capitalism among many Americans.
Senior fellows, including Amit Seru, advocate for a deeper understanding of historical principles to tackle modern economic challenges. The program will focus on several key initiatives, including Corporate Governance, Immigration, and Economic Growth. A significant conference is scheduled for January 21, 2025, which will discuss pressing issues such as artificial intelligence, the federal deficit, and income inequality in relation to U.S. economic challenges. This initiative aligns with ongoing discussions about the role of government and markets in fostering economic growth, as highlighted by Glenn Hubbard in a recent podcast where he discussed the importance of pro-growth policies and innovation in the economy. Hubbard's insights on overcoming the fear of change and the zero-sum mentality complement the goals of the Hoover Prosperity Program, which aims to provide a balanced view of capitalism's benefits and challenges in today's society.
Together, these initiatives reflect a growing recognition of the need for informed dialogue on economic policies and the importance of historical context in shaping future decisions.