Native Americans prospered for thousands of years before Europeans arrived. Today they are America’s poorest minority.The stark economic disparities that exist between indigenous peoples and the rest of American society stem directly from policies imposed by the federal government, which has denied secure property rights, clearly defined jurisdictions, and effective governance structures. To revive their economies, indigenous peoples are restoring the dynamic customs, culture, and dignity that existed before colonization.The Hoover Project on Renewing Indigenous Economies conducts research to inform and promote policies that empower Native Americans to regain control over their lives and resources.
Terry L. Anderson has been a senior fellow at the Hoover Institution since 1998 and is currently the John and Jean De Nault Senior Fellow (adjunct). He is the past president of the Property and Environment Research Center in Bozeman, MT, and a Professor Emeritus at Montana State University where he won many teaching awards during his 25 year career.
Anderson is one of the founders of “free market environmentalism,” the idea of using markets and property rights to solve environmental problems, and in 2015 published the third edition of his co-authored book by that title. He is author or editor of 39 books, including most recently, Unlocking the Wealth of Indian Nations (2016), exploring the institutional underpinnings of American Indian reservation economies.
In addition to publishing in professional journals, Terry Anderson speaks around the world and is often featured in the popular press, including frequent editorials in the Wall Street Journal. Dr. Anderson received his Ph.D. from the University of Washington in 1972 and has been a visiting scholar at Oxford University, Basel University, Clemson University, and Cornell, and a Fulbright Fellow at the University of Canterbury.
Terry is an avid outdoorsman who enjoys fly fishing, hiking, skiing, horseback riding, and archery hunting.
Dominic (Nick) Parker is the Ilene and Morton Harris Senior Fellow (adjunct) at the Hoover Institution and the Anderson-Bascom Professor of Applied Economics at the University of Wisconsin–Madison, where he has won several awards for research and teaching. He is a senior fellow at the Property Environment Research Center and a regular lecturer for the Ronald Coase Institute and the Elinor Ostrom Workshop.
In addition to serving editorial roles at three leading journals in environmental economics, Parker contributes research to economics, science, and law journals. It includes studies of environmental markets and property rights, mining and energy booms, land use, fishery and wildlife regulations, water trading, and the political economy of policies toward Indigenous people. His research has been covered in more than 100 media outlets including BBC News, the Wall Street Journal, and The Economist. It has provided input for domestic and international policies ranging from US Department of Interior rules on federal land use to guidelines for the Securities and Exchange Commission and the Organisation for Economic Co-operation and Development on supply-chain reporting and conflict minerals.
Parker joins Hoover senior fellow Terry Anderson in directing Hoover projects on Renewing Indigenous Economies and Markets vs. Mandates, which analyzes incentives for improving environmental quality.
Over the last century, free-market capitalism and socialism have been the two dominant and conflicting political and economic models. The Human Prosperity Project investigates the historical record to assess the consequences for human welfare, individual liberty, and interactions between nations of various economic systems ranging from pure socialism to free-market capitalism.
The American ability to inspire--which we call exceptionalism--is not automatic. It takes continued efforts to be realized in a changing world. In this series, scholars at the Hoover Institution--professors, thinkers, and practitioners of global renown in their respective fields--offer a series of accessible policy ideas for civic, economic, and security architecture that would shore up the long-term foundations of American strengths.
The world today isn’t perfect, but we’ve come a long way in the last 200 years. It didn’t happen by chance. The Building Blocks of Prosperity examines the role governments and individuals have played in delivering this prosperity and asks what must be done to ensure even more progress in the future.
Play the game of Pension Pursuit and see how state and local governments are underfunding pension obligations by trillions of dollars.
This five-part animated video series is based on Hoover Institution Senior Fellow Josh Rauh’s research on the vast underestimation of public pension liabilities and gives insight into the hidden debts the next generation will face.