Monetary Policy Banner

The Hoover Institution has a long history of scholarship in economic policy. We have two Nobel Prize winners as current fellows and three others, Gary Becker, Milton Friedman, and Douglass North, who served as fellows until their passing.

Tax policy affects individual behavior, employment, and investment decisions. Studying the trade-offs between efficiency and equity yield solutions for policymakers and the public alike.

In a statement made to the Stanford Board of Trustees in 1959, the Institution’s founder underscored that America’s economic and social system is based on private enterprise, from which springs initiative and ingenuity. Our fellowship remains committed to the principle that free trade is the key engine of national income growth, benefits consumers with less costly goods and services, and, more equitably than any other system, expands wealth and prosperity across societies.

Housing prices across the country reflect arbitrary supply-side restrictions on new units, including environmental and other zoning rules. Well-intentioned affordable housing carve outs stymie overall supply.