The Benefits of Economic Freedom: A Survey
By Niclas Berggren
This article appeared in the Fall 2003 issue of The Independent Review
The most ambitious study of its kind, the Economic Freedom Index (EFI), published annually in Economic Freedom of the World, has inspired scholars to examine more closely the effect of economic freedom on economic growth, income equality, and quality of life. Although not without limitations, the EFI supports Adam Smiths contention that free-market processes, more than any alternatives, can advance wealth and welfare.
Volume 8 Number 2