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John Cogan on the Factors that Promote Economic Prosperity


Published November 3, 2020

Sustained economic prosperity occurs when individuals have the freedom to work and receive the benefits of their efforts. These conditions are possible through institutions such as the rule of law, private property, limited government, and free markets. History and economics show that without these institutions, economic prosperity is not be sustainable.

This video’s audio is excerpted from an episode of the Uncommon Knowledge web series, published by the Hoover Institution.

Additional Resources:

  • Watch the Uncommon Knowledge podcast episode “Why Here? Why Now? Why Did the United States Enjoy Dramatic Improvements in the Standard of Living During the Last Century?” with John Cogan, Lee Ohanian, Terry Anderson, and George Shultz. Available here.
  • Watch, “What Democratic Socialism Does to Economic Prosperity,” with Lee Ohanian. Available here.
  • Watch “How the Rule of Law Promotes Prosperity,” with Michael McConnell on PolicyEd. Available here.