Pacific Research Institute has just released a new study, “The Sizzle of Economic Freedom,” that summarizes the empirical literature regarding the benefits of liberty. There is a large and growing body of peer-reviewed academic work, which uses rankings such as the Fraser Institute’s Economic Freedom of the World in order to test whether liberty per se is a significant explanatory variable on areas as diverse of GDP growth, literacy rates, and even environmental quality. (Guess what? The results look good for freedom.) As a co-author of the study, I was surprised by how much work has been done in this area. Here is the press release, and here is the actual study (pdf).
Source link: http://archive.mises.org/9207/new-pri-report-on-the-benefits-of-economic-freedom/
New PRI Report on the Benefits of Economic Freedom
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