Foundations of Long-Run Prosperity Working Group

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Why do prosperous economies develop in some countries and regions, while others stagnate? The Working Group on the Foundations of 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.

Long-Run Prosperity Working Paper Series

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The Ecological Origins Of Economic And Political Systems

We offer a theory that explains the wide variance in levels of economic development around the planet, accounts for its geographic clustering, and makes plain why these patterns only emerged over the past two centuries. Its mechanics focus on the fundamental challenge of survival that faced all human societies prior to the 19th century: insuring against starvation. Co-Authors: Roy Elis and Jordan Horrillo

November 5, 2021 By Stephen Haber

via SSRN

Working Papers

Paper Money In The Late Qing And Early Republic, 1820-1935

May 17, 2022 By Matthew Lowenstein

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Sustaining Economic Growth: Fall 2022 conference of the Working Group on the Foundations of Long-Run Prosperity

Foundations of Long-Run Prosperity Fall Conference

The Hoover Institution hosts Sustaining Economic Growth: Fall 2022 Conference Of The Working Group on the Foundations of Long-run Prosperity on November 17–18, 2022.

The Fall 2022 conference of the Working Group on the Foundations of Long-Run Prosperity explores the conditions that promote sustained economic growth by focusing on questions of first-order importance. Given the long expanse of human history, why did economic growth take so long to begin, and why was growth then punctuated by long periods of stagnation? What types of innovations have proved most consequential in spurring growth—new products that disrupt industries or incremental improvements to existing products? Why, if best practices for encouraging entrepreneurship and designing infrastructure are widely known, has their adoption been unevenly dispersed across the globe?

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Conference Summary

Once a prosperous town, Selma, Alabama, is today one of the state’s poorest cities. In a welcome address to the participants of the Sustaining Economic Growth conference of the Working Group on the Foundations of Long-Run Prosperity on November 17–18, Stephen Haber, senior fellow at the Hoover Institution and cochair of the working group, posed a question related to Selma’s reversal in economic prosperity: What are the origins of economic growth and stagnation, and what accounts for their reversals?

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