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Path Towards Prosperity: Institutions & Development

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Path Towards Prosperity: Institutions & Development

Participation in this event is by invitation only.

The Hoover Institution hosts Path Towards Prosperity: Institutions & Development: Spring 2024 Conference Of The Working Group on the Foundations of Long-run Prosperity on March 28–29, 2024.

The historical record shows us that the path to economic prosperity is not linear or uniform. Historical contingencies, technology, and institutions interact in ways that can be explained ex-post but not predicted ex-ante. Some paths of development turn out to lead to stagnation, and others to sustained growth. This conference examines these factors that impact development trajectories.

Thursday, March 28th
Time Content Presenters Discussant/Chair

8:30 AM


9:00 AM

Welcome: Stephen Haber, Hoover Institution & Stanford University

9:15 AM

“Corruption and Bureaucracy: Evidence from Front-Running Public Project Announcements” by Amit Seru

Presenter: Amit Seru, Hoover Institution & Stanford University 

Discussant: Paola Sapienza, Hoover Institution & Northwestern University

Discussant: Chang-Tai Hsieh, University of Chicago

Chair: Dan Kessler, Hoover Institution & Stanford University

10:30 am


11:00 AM

“The Value of Ratings: Evidence from their Introduction in Securities Markets” by Carola Frydman

Presenter: Carola Frydman, Northwestern University

Discussant:  Ross Levine, Hoover Institution & Stanford University

Chair: Amit Seru, Hoover Institution & Stanford University

12:15 PM


1:15 PM

“Getting to Middle Income: A Theory of Selective Property Rights” by Avidit Acharya, Stephen Haber, and Alexander Lee

Presenter: Alexander Lee, University of Rochester

Discussant: Jean-Laurent Rosenthal, Caltech

Discussant: Dorothy Kronick, UC Berkeley

Chair: Anna Grzymala-Busse, Stanford University

2:30 PM


3:00 PM

“US Debt and Taxes: 1776-2023” by Thomas Sargent and George Hall

Presenter: Thomas Sargent, Hoover Institution & NYU

Discussant: Hanno Lustig, Stanford University 
Discussant: Bill Summerhill, Hoover Institution & UCLA 
Chair: Valerie Ramey, Hoover Institution

4:15 PM

Conclusion of March 28th program

6:00 PM

Dinner – Flemings Steakhouse, Palo Alto

Friday, March 29th
Time Content Presenters/panelists Discussant/Chair

8:30 AM


9:00 AM

“Ecology, Collective Behavior, and Prosperity: What We Can Learn from Ants” by Deborah Gordon

Presenter: Deborah Gordon, Stanford University

Discussant: Ian Morris, Stanford University

Discussant: Chad Jones, Stanford University 

Chair: Stephen Haber, Hoover Institution & Stanford University

10:15 am


10:45 am

“The Great Depression Started Much Earlier Than We Thought” by Lee Ohanian 

Presenter: Lee Ohanian, Hoover Institution & UCLA

Discussant: Luigi Zingales, Hoover Institution & University of Chicago 

Discussant: Erik Hurst, University of Chicago 

Chair: Gustavo Adolfo Del Angel Mobarak, Centro de Investigación y Docencia Económicas (CIDE)

12:00 pm


12:45 PM

“Enlightenment Ideals and Belief in Science in the Run-up to the Industrial Revolution: A Textual Analysis” by Ali Almelhem, Murat Iyigun, Austin Kennedy, and Jared Rubin

Presenter: Jared Rubin, Chapman University

Discussant: Ran Abramitzky, Stanford University

Discussant: Vicky Fouka, Stanford University 

 Chair: Josh Ober, Hoover Institution & Stanford University

1:00 PM

Conclusion of conference

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