State Capacity for Building Infrastructure
This paper, by Zachary Liscow, examines state capacity for infrastructure construction in the United States. It identifies three elements of state capacity that drive up costs and slow down timelines: insufficient personnel, onerous procedures, and a lack of adequate tools. Liscow offers specific suggestions about ways to address these challenges and improve US public capacity ...
Why Crime Matters, and What to Do About It
In this paper, Jennifer Doleac describes what is known about crime trends in the US and outlines the best evidence to date on the effectiveness of various approaches to reducing crime through prevention, deterrence, and rehabilitation. Crime in the US rose during the 1980s and early 1990s before declining steadily until 2020. During the COVID-19 ...
Strengthening America’s Economic Dynamism
The Aspen Economic Strategy Group’s seventh annual policy volume focuses on the theme, Strengthening America’s Economic Dynamism. The volume’s publication comes at a time when US policymakers are turning away from free-market principles in favor of protectionist policies and more active government-directed industrial policy. These shifts, combined with growing economic and political difficulties including the ...
In Brief: The Recent Rise in US Labor Productivity
BRIEFLY US labor productivity has enjoyed a period of renewed growth over the past year, interrupting a nearly twenty-year decline: the 2.7 percent productivity growth in 2023 outpaces the 1.5 percent annual average since 2004, and it nearly matches the 2.9 percent pace seen during the country’s last productivity surge in the 1990s. While the ...
Henry M. Paulson, Jr.
HENRY M. PAULSON, JR. is the founder and chairman of the Paulson Institute, a non-profit organization dedicated to fostering global relationships that advance economic prosperity, promote sustainable growth, and maintain global order in a rapidly evolving world. He is executive chairman of TPG Rise Climate, the climate investing platform of the global private equity firm TPG. ...
Erskine Bowles
ERSKINE B. BOWLES began his business career at Morgan Stanley and went on to found and lead Bowles, Hollowell, Conner, which became the preeminent investment bank focused on middle market mergers and acquisitions. He subsequently co-founded the middle market private equity firm Carousel Capital, served as a senior advisor for Credit Suisse First Boston, was ...
Timothy F. Geithner
Timothy F. Geithner serves as Chairman of Warburg Pincus. Before joining Warburg Pincus, Geithner served as the 75th Secretary of the U.S. Department of the Treasury from 2009 to 2013. He previously served as President and Chief Executive Officer of the Federal Reserve Bank of New York from 2003 to 2009. He began his U.S. ...
Melissa S. Kearney
MMELISSA S. KEARNEY is the Gilbert F. Schaefer Professor of Economics at the University of Notre Dame. She is also director of the Aspen Economic Strategy Group; a research associate at the National Bureau of Economic Research; and a nonresident senior fellow at the Brookings Institution. She currently serves on the Board of Directors of ...
Penny Pritzker
PENNY PRITZKER is the founder and Chairman of PSP Partners and its affiliates, Pritzker Realty Group, PSP Capital, and PSP Growth. From June 2013 through January 2017, she served as U.S. Secretary of Commerce in the Obama Administration. Ms. Pritzker is an entrepreneur, civic leader, and philanthropist, with more than 30 years of experience in ...