Working Paper No. 4.Download
A new empirical field of research in economics shows that policies characterized by economic freedom produce economic growth. “Economic freedom” means such things as a small government, protection of private property, a well-functioning legal system, free competition and few regulations. The field also shows that under certain conditions, economic freedom improves income equality.
Related content: The Benefits of Economic Freedom: A Survey
Berggren, N. (2002). The Benefits of Economic Freedom: A Survey. Ratio Working Paper No. 4.