Addressing Challenges in Advanced Capitalist Societies

Addressing Challenges in Advanced Capitalist Societies

The Hoover Institution prioritizes research toward developing solutions for Americans to enjoy the fruits of economic freedom and the free market system. The underlying principles of this focus area are expanding access to high quality education and strengthening equality of opportunity.

When free markets provide incentives for people to smartly organize their labor, resources, and capital, the whole of society will become more prosperous. What should actually grate against our sense of justice is inequality of access and opportunity.

Condoleezza Rice

What our Fellows are saying

John H. Cochrane

Rose-Marie and Jack Anderson Senior Fellow

Eric Hanushek

Paul and Jean Hanna Senior Fellow in Education

Darrell Duffie

Senior Fellow

"The Fed intends to deliberately let inflation run above target, in the belief that this will drive up employment, especially among disadvantaged groups. But in the 1970s we learned that there is no lasting trade-off between inflation and employment. Sustainable employment and wages result only from macroeconomic efficiency, better incentives, and well-functioning markets."

Rose-Marie and Jack Anderson Senior Fellow John H. Cochrane and Distinguished Visiting Fellow Kevin Hassett in National Review, April 26, 2021

“The worldwide school closures in early 2020 led to losses in learning that will not easily be made up for even if schools quickly return to their prior performance levels. These losses will have lasting economic impacts both on the affected students and on each nation unless they are effectively remediated." 

Paul and Jean Hanna Senior Fellow Eric Hanushek in a report published by the Organization for Economic Cooperation and Development, September 2020

“Competition with China would be only one of the motives, among many others, for creating a US digital-dollar technology. There’s hope that a US digital dollar could improve the efficiency of the American payment system, which currently is not good. It’s expensive and slow to move money in the United States. Moreover, many Americans don’t even have bank accounts. The US could also benefit from digital-dollar technology by being in a better position to lead in the development of global standards for cross-border payments, such as privacy protection. It’s harder for the US government to provide leadership in the international community if the US itself does not have the technology.”

Senior Fellow Darrell Duffie in a Hoover Institution Q&A, March 10, 2022

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John B. Taylor

George P. Shultz Senior Fellow in Economics

John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at…

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John F. Cogan

Leonard and Shirley Ely Senior Fellow

John F. Cogan is the Leonard and Shirley Ely Senior Fellow at the Hoover Institution and a faculty member in the Public Policy Program at Stanford…

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Thomas E. MaCurdy

Senior Fellow

Thomas MaCurdy holds a joint appointment as a Senior Fellow at the Hoover Institution and a Professor of Economics at Stanford University, where he has…

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Michael J. Boskin

Wohlford Family Senior Fellow

Michael J. Boskin is the Wohlford Family Senior Fellow at the Hoover Institution and the Tully M. Friedman Professor of Economics at Stanford.  He…

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Lee Ohanian

Senior Fellow

Lee E. Ohanian is a senior fellow at the Hoover Institution and a professor of economics and director of the Ettinger Family Program in Macroeconomic…

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Kenneth L. Judd

Paul H. Bauer Senior Fellow

Kenneth L. Judd, the Paul H. Bauer Senior Fellow at the Hoover Institution, is an expert in the economics of taxation, imperfect competition, and…

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Robert E. Hall

Robert and Carole McNeil Senior Fellow

Robert E. Hall holds a joint position endowed by Robert and Carole McNeil as a senior fellow at the Hoover Institution and a professor in the economics…

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Joshua D. Rauh

Senior Fellow

Joshua Rauh is the Ormond Family Professor of Finance at Stanford’s Graduate School of Business and a senior fellow at the Hoover Institution. He…

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Stephen Haber

Peter and Helen Bing Senior Fellow

Stephen Haber is the Peter and Helen Bing Senior Fellow at the Hoover Institution and the A.A. and Jeanne Welch Milligan Professor in the School of…

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Thomas Sowell

Rose and Milton Friedman Senior Fellow on Public Policy

Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution. He writes on economics, history, social policy,…

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John H. Cochrane

Rose-Marie and Jack Anderson Senior Fellow

John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution. He is also a research associate of the National…

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Michael Spence

Senior Fellow

Michael Spence is a senior fellow at the Hoover Institution, a professor of economics at the Stern School at New York University, and the Philip H. Knight…

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Amit Seru

Senior Fellow

Amit Seru is a Senior Fellow at the Hoover Institution, the Steven and Roberta Denning Professor of Finance at the Stanford Graduate School of Business …

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Darrell Duffie

Senior Fellow

Darrell Duffie is the Dean Witter Distinguished Professor of Finance at Stanford University's Graduate School of Business,…

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Steven J. Davis

Senior Fellow

Steven Davis is a senior fellow at the Hoover Institution and William H. Abbott Distinguished Service Professor of International Business and Economics at…

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Thomas J. Sargent

Senior Fellow

Thomas J. Sargent is a senior fellow at the Hoover Institution and a leader in the field of macroeconomics. He is the William R. Berkley Professor of…

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Daniel P. Kessler

Keith and Jan Hurlbut Senior Fellow | Director of Research

Daniel Kessler is the Keith and Jan Hurlbut Senior Fellow and Director of Research at the Hoover Institution and a professor at the Graduate School of…

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David L. Leal

Senior Fellow

David L. Leal is a senior fellow at the Hoover Institution and a professor of government at the University of Texas at Austin.  His primary…

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William Damon

Senior Fellow

William Damon is a senior fellow at the Hoover Institution, the director of the Stanford Center on Adolescence, and a professor of education at Stanford…

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Eric Hanushek

Paul and Jean Hanna Senior Fellow in Education

Eric Hanushek is the Paul and Jean Hanna Senior Fellow and a member of the Koret Task Force on K–12 Education at the Hoover Institution. A leader in the…

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Chester E. Finn Jr.

Senior Fellow

Chester E. Finn Jr. has devoted his career to improving education in the United States. As a senior fellow at Stanford's Hoover Institution, former chairman…

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Caroline M. Hoxby

Senior Fellow

Caroline M. Hoxby is a senior fellow at the Hoover Institution and a member of the Koret Task Force on K–12 Education. She is the Scott & Donya Bommer…

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Paul E. Peterson

Senior Fellow

Paul E. Peterson is a senior fellow at the Hoover Institution, a member of the Koret Task Force on K–12 Education, and editor in chief of Education Next: A…

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Terry M. Moe

Senior Fellow

Terry M. Moe is a senior fellow at the Hoover Institution and the William Bennett Munro Professor of political science at Stanford University. He has…

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Margaret (Macke) Raymond

Distinguished Research Fellow

Margaret “Macke” Raymond has served as founder and director of the Center for Research on Education Outcomes (CREDO) at Stanford University since its…

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Peter Berkowitz

Tad and Dianne Taube Senior Fellow

Peter Berkowitz is the Tad and Dianne Taube Senior Fellow at the Hoover Institution, Stanford University. In 2019-2021, he served as the Director of the…

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