This policy paper examines the role of the U.S. Food and Drug Administration in regulating [...]
Our goal is to use the cutting-edge techniques of economics, but ground this work in the enduring insights begun by Adam Smith and continuing through the work of many economists today. In the questions we pursue, we avoid projects that maintain the status quo and focus on transformative projects. Every project we select disrupts, challenges, and changes the way people think about ongoing public policy questions, and will paint an optimistic vision that provides a clear path for insightful, innovative, and responsible solutions.
Innovation and Entrepreneurship
Ideas and experimentation are accepted as necessary precursors for invention. Oversight of new technologies is market-driven, adaptive, and flexible. A culture of optimism grounds our shared perspective on innovation and technology. Individuals prefer dynamism to stagnation.
Health, Wealth, and Human Capital
Individuals are empowered to pursue their dreams of economic betterment. Society is open to change, inquiry, commerce, and trade. Public policies support lifelong learning and help to fuel human capital accumulation and economic growth across the income distribution.
Business, Government, and Civil Society
Institutions encourage cooperative solutions over conflict. Policymakers use legislation mindful of freedom of choice, economic efficiency, and fiscal responsibility. Civil society plays a central role as a source of protection and support for the least advantaged.