The Human Prosperity Project Essays on

Socialism or free-market capitalism: Which is better for achieving human prosperity? The debate is long-standing—but some of the results are in. Historians, economists, political scientists, and other leading scholars review the evidence from multiple perspectives, examining what it takes for a society to flourish and how well each economic and political system supports its promises.

The Hoover Institution at Stanford University is a historical archive and public policy think tank that advances ideas promoting economic opportunity and prosperity while securing and safeguarding peace for America and all mankind. Condoleezza Rice is the Tad and Dianne Taube Director and the Thomas and Barbara Stephenson Senior Fellow on Public Policy at the Hoover Institution, Stanford University. She served as the sixty-sixth US secretary of state from 2005 to 2009 and as national security advisor from 2001 to 2005.

Foreword by Condoleezza Rice Preface by Scott W. Atlas Acknowledgments Introduction Part I. History and Background 1. Capitalism, Socialism, and Freedom by Peter Berkowitz 2. Political Freedom and Human Prosperity by Larry Diamond 3. Innovation, Not Manna from Heaven by Stephen Haber Part II. Comparative Outcomes of Capitalism and Socialism 4. Socialism, Capitalism, and Income by Edward P. Lazear 5. Environmental Markets versus Environmental Socialism: Capturing Prosperity and Environmental Quality by Terry L. Anderson 6. Leaving Socialism Behind: A Lesson from German History by Russell A. Berman 7. The China Model: Unexceptional Exceptionalism by Elizabeth Economy 8. How Freedom Is Caught between Socialism and Capitalism in the Indo-Pacific by Michael R. Auslin Part III. The Contemporary Revival of Socialism and Its Prospects 9. Capitalism, Socialism, and Nationalism: Lessons from History by Niall Ferguson 10. Socialism and the Constitution by Michael W. McConnell 11. Socialism versus the American Constitutional Structure: The Advantages of Decentralization and Federalism by John Yoo Part IV. Social Democracy and Current Policy Debates 12. The Effect of Economic Freedom on Labor Market Efficiency and Performance by Lee E. Ohanian 13. The Costs of Regulation and Centralization in Health Care by Scott W. Atlas, MD 14. The Economic Impact of a Universal Basic Income by John F. Cogan and Daniel L. Heil 15. Taxation, Individual Actions, and Economic Prosperity: A Review by Joshua Rauh and Gregory Kearney Part V. Afterword 16. In an Emerging New World, Choose Economic Freedom by George P. Shultz About the Contributors Index

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The Human Prosperity Project Essays on Socialism and Free-Market Capitalism from the Hoover Institution

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