The Benefits of Economic Freedom: A Survey

Niclas Berggren ()

No 4, Ratio Working Papers from The Ratio Institute

Abstract: 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.

Keywords: Economic freedom; Economic growth; Equality; Freedom index (search for similar items in EconPapers)
JEL-codes: F43 O10 O40 P00 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe
Date: 2003-04-09
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Published in The Independent Review, 2003, pages 193-211.

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