Economic freedom in the states of India

What is economic freedom?

An index of economic freedom should measure the extent to which rightly acquired property is protected and individuals are able to engage in voluntary transactions. James Gwartney and Robert Lawson have proposed a definition where individuals have economic freedom when property they acquire without the use of force, fraud, or . . . → Read More: Economic Freedom in the States of India

Charter cities

The idea of charter cities, originally promoted by Stanford economist Paul Romer, sparked a lively academic debate in the field of economic development. The idea of charter city rests on the premise of creating special reform zones within countries. The reform zone would not be governed by the prevailing system of formal and informal . . . → Read More: Charter Cities

Where does the greatest challenge to liberty come from?

‘If respect for individual rights were to be shown to lead, not to order and prosperity, but to chaos, the destruction of civilization, and famine, few would uphold such alleged rights, and those who did would certainly be held the enemies of mankind. Those who can see order only when there is a conscious . . . → Read More: Where Does the Greatest Challenge to Liberty Come From?

When Does Greater Economic Freedom Promote Distrust?

There are some fairly obvious reasons why societies characterized by low levels of inter-personal trust tend to be highly regulated. In a society where people tend not to trust each other there is likely to be less adherence to social conventions and there is likely to be more political pressure for the use of government . . . → Read More: When Does Greater Economic Freedom Promote Distrust?

Can the Industrial Revolution be Attributed to Economic Freedom?

Before reading Eric Jones book, ‘Locating the Industrial Revolution’, I had thought that the reasons why the industrial revolution began when and where it did would have a lot to do with relative levels of economic freedom in England in the 18th and 19th centuries. The book seems to me to reinforce that . . . → Read More: Can the Industrial Revolution be Attributed to Economic Freedom?

How Important is the ‘Size of Government’ Component of Economic Freedom Indexes?

A few months ago a guest blogger on ‘The Baseline Scenario’ blog, StatsGuy, wrote a post entitled ‘Good Government Versus Less Government’. It was described as a ‘must-read’ in a post by Tyler Cowen on ‘Marginal Revolution’ and received a great deal of attention on a range of other blogs including Scott Sumner’s (here).

StatsGuy . . . → Read More: How Important is the ‘Size of Government’ Component of Economic Freedom Indexes?

Interesting Readings for May 7, 2010

Pratap Bhanu Mehta in the Indian Express on the problems of getting to an effective State.

Can the courts help get us out of the mess that is Indian labour law? A report in the Indian Express says that the courts are inclined towards penalising striking workers of Indian Railways for the pain they . . . → Read More: Interesting Readings for May 7, 2010

How Milton Friedman Saved Chile?

Here (link) is the story of how decades of economic freedom prevent the unthinkable consequences of an earthquake which recently damaged Chile.

Do Economic Freedom and Governance Indicators Tell Similar Stories About Human Flourishing?

This follows on from my last post: Do all well-being indicators tell similar stories about human flourishing? The indicators that I looked at did tend to tell similar stories – countries that have high average income levels also tend to have high rankings on other well-being indicators.

The purpose of this post is to . . . → Read More: Do Economic Freedom and Governance Indicators Tell Similar Stories About Human Flourishing?

A Call to Arms

American populist angst has been rising for some time now. The optimist in me hopes that the Tea Party movement, and with it the rekindling within Americans of the vision of the founders and the defense of our Constitution can “fundamentally transform the United States of America” to coin a phrase from our old . . . → Read More: A Call to Arms