Recent empirical studies support Adam Smiths contention that economic freedom enhances the wealth of nations. They also indicate that the reverse is true: rising prosperity has encouraged many countries to pursue free-market policies.
Prosperity and Economic Freedom
A Virtuous Cycle
By John R. Hanson II
This
article
appeared in
the Spring 2000 issue of The Independent Review.
Other Independent Review articles by John R. Hanson II | |
Winter 2007/08 | Global Migration and the World Economy:Two Centuries of Policy and Performance |
Spring 2003 | Against the Dead Hand:The Uncertain Struggle for Global Capitalism |
Spring 1999 | Are We All Capitalists Now? |