Study
| EST. READ TIME 1 MIN.Economic Freedom of the World: 1975-1995
The central elements of economic freedom are personal choice, protection of private property, and freedom of exchange. The goal of this study is to construct an index that is (a) a good indicator of economic freedom across countries and (b) based on objective components that can be updated regularly and used to track future changes in economic freedom. An index containing 17 components was designed to provide an empirical measure for economic freedom. The components were grouped into four major areas: I. Money and Inflation, II. Government Operations and Regulations, III. Takings and Discriminatory Taxation, and IV. Restrictions on International Exchange.
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Walter Block
Walter Block, Ph.D., is Harold E. Wirth Eminent Scholar Endowed Chair in Economics, Loyola University, New Orleans.
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James Gwartney
Professor of Economics, Florida State UniversityJames D. Gwartney was a Professor of Economics and the Gus A. Stavros Eminent Scholar at Florida State University. He wasthe coauthor of Economics: Private and Public Choice (Cengage/South-Western Press, 2021), a widely used principles of economics text that is now in its 17th edition. He was also coauthor of an economics primer, Common Sense Economics: What Everyone Should Know about Wealth and Prosperity (St. Martin’s Press, 2016). His publications appeared in both professional journals and popular media such as the Wall Street Journal and the New York Times. He served as Chief Economist of the Joint Economic Committee of the US Congress during 1999–2000. In 2004, he was the recipient of the Adam Smith Award of the Association of Private Enterprise Education for his contribution to the advancement of free-market ideals. He was a past President of the Southern Economic Association and the Association for Private Enterprise Education. His Ph.D. in economics was from the University of Washington.… Read more Read Less… -
Robert A. Lawson
Clinical Professor in Economics and Director, Bridwell Institute for Economic Freedom, Southern Methodist UniversityRobert A. Lawson is Clinical Professor in Economics, Jerome M. Fullinwider Centennial Chair in Economic Freedom, and Director of theBridwell Institute for Economic Freedom in the Cox School of Business at Southern Methodist University. He earned his B.S. in economics from the Honors Tutorial College at Ohio University and his M.S. and Ph.D. in economics from Florida State University. A Senior Fellow at the Fraser Institute, he has numerous professional publications in journals such as Public Choice, Cato Journal, Journal of Labor Research, Journal of Institutional and Theoretical Economics, and the European Journal of Political Economy. Prof. Lawson has served as President of the Association of Private Enterprise Education and is a member of the Mont Pelerin Society.… Read more Read Less…
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