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Why do prosperous economies develop in some countries and not in others? The Working Group on Long-Run Prosperity applies approaches from a range of disciplines to understand the mechanics of long-run growth. It disseminates the results to the research community, policy makers, and the broader public.

The Long-Run Prosperity Working Group is an initiative of the Hoover Program on the Foundations of Economic Prosperity.

Working Group on Long-Run Prosperity Conference
Hoover Explores The Rise, Fall, And Stagnation Of China’s Economy Over The Last One Thousand Years 

Hoover Explores The Rise, Fall, And Stagnation Of China’s Economy Over The Last One Thousand Years 

From using a “silver standard” more than six hundred years ago to maintaining robust rural lending markets in the nineteenth century, some of China’s lesser-known historical economic institutions were examined by scholars at the Chinese Economy in the Long Run conference at the Hoover Institution on March 6–7, 2025.

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The Middle-Income Trap in Latin America

Hoover Institution Delegation Visits Mexico to Explore Pathways to Economic Prosperity for Latin America

In December 2024, a delegation of scholars affiliated with the Hoover Prosperity Program travelled to Mexico for a series of meetings aimed at understanding why economic growth has stagnated within Mexico and many other Latin American countries as well as what a path to prosperity in the region might look like.

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Articles

Unearthing The Histories Embedded In US Bonds

Most Americans view bonds as a safe, straightforward investment. While this may be true, bonds are more than a financial instrument; they also constitute a unique body of evidence in the study of economic history.

May 20, 2024 By Thomas J. Sargent

via Analysis

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Articles
Crony Capitalism: A Path To Middle Income?
May 20, 2024 By Alexander Lee

via Analysis

Hoover fellow Richard Epstein on income inequality.
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Articles
China’s Long-Evolving Economy
May 28, 2025 interview with Matthew Lowenstein

via Defining Ideas

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