Current Scholarship
Private Wealth and Public Goods: A Case for a National Investment Authority

Authors: Robert  C. Hockett & Saule T. Omarova

Much American electoral and policy debate now centers on how best to reignite the nation’s economic dynamism and rebuild its competitive strength. Any such undertaking presents an extraordinary challenge, demanding a correspondingly extraordinary institutional response. This Article proposes precisely such a response. It designs and advocates a new public instrumentality-a National Investment Authority (“NIA’)-charged with the critical task of devising and implementing a comprehensive long-term development strategy for the United States.