The Need to Expand Economic Opportunity

  The pursuit of economic opportunity for all Americans is as important to the health of the country’s economy as it is to the strength of its democracy. The promise that hard work and determination will yield economic success is a central American ideal, but it has been called into question as secular economic forces […]

Introduction: Maintaining The Strength of American Capitalism

A national debate about the strength and fairness of American capitalism is taking place against a backdrop of vast levels of income and wealth inequality, growing pessimism about the state of economic opportunity and mobility, increased market concentration in many sectors, and a precarious fiscal situation. Restoring the promise of America’s capitalist system will require […]

New York Times: How to Get Americans to Love Capitalism Again

Originally published in New York Times. American capitalism is at a serious inflection point. Many Americans, including the two of us, are alarmed by enormous levels of inequality and by declining economic mobility. We are concerned that in many cases American markets are no longer the most competitive in the world. And, we worry that […]

Economic Strategy Group Member Statement, December 2019

Aspen Economic Strategy Group (AESG) Member Statement December 2019 We, the undersigned members of the AESG, have collectively worked at the highest levels of the policy, business, government, academic, and civic communities. We believe that our nation’s economic policies need to be adjusted so that more people participate more fully in our economic success. We […]

Timothy Geithner

TIMOTHY F. GEITHNER is currently president of Warburg Pincus, a global private equity firm. Geithner was the 75th secretary of the Treasury for the first term of President Barack Obama’s administration. Between 2003 and 2009, Geithner served as president and chief executive officer of the Federal Reserve Bank of New York. He first joined the […]

Greg Ip

GREG IP is chief economics commentator for The Wall Street Journal. He writes about domestic and global economic developments and policy in the weekly Capital Account column. From 2008 to January, 2015, he was United States economics editor for The Economist, based in Washington, D.C. Ip has won or shared in several prizes for journalism. […]

Magne Mogstad

MAGNE MOGSTAD is the Gary S. Becker Professor in Economics at the University of Chicago and the director of the Ronzetti Initiative for the Study of Labor Markets at the Becker Friedman Institute. His primary research fields are labor economics, public economics, and economic inequality, and his research focuses on how to address market failures […]

James Poterba

JAMES POTERBA is the Mitsui Professor of Economics at the Massachusetts Institute of Technology and the president of the National Bureau of Economic Research, a nonprofit research organization with nearly 1600 affiliated economists. His recent research has analyzed the determinants of retirement saving, the draw-down of assets after households reach retirement, and the role of […]

Laurence Summers

LAWRENCE H. SUMMERS is the Charles W. Eliot University Professor and President Emeritus of Harvard University. During the past two decades, he has served in a series of senior policy positions in Washington, D.C., including the 71st secretary of the Treasury for President Bill Clinton, director of the National Economic Council for President Barack Obama, […]

Diana Farrell

DIANA FARRELL is the founding president and chief executive officer of the JPMorgan Chase Institute. Previously, Farrell was a senior partner at McKinsey & Company where she was the global head of the McKinsey Center for Government and the McKinsey Global Institute. Diana served in the White House as deputy director of the National Economic […]