Tag: Economic Freedom
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Economic Freedom & Income Equality (Robert Lawson, SMU)
An interesting piece by Robert Lawson at SMU’s Cox School of Business. He argues that income inequality isn’t related to economic freedom. Furthermore, he argues that income mobility is more important than income inequality and that income mobility is declining. His two primary solutions? 1. Let rich people fail, and 2. Let poor people get…
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Poverty, Capital and Economic Freedom
Acton Commentary: Poverty, Capital and Economic Freedom Victor Claar … First, countries grow rich as their human capital improves. Human capital is the term economists use to describe the value that a country’s people possess through their accumulated experience and education. For example, there is little doubt that India’s recent growth explosion is due in…
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Economic Freedom and Life Expectancy
Carpe Diem: Economic Freedom = 20+ Years of Life Expectancy
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Economic Fallacies: “‘Free Markets’ Equals Lawlessness”
The "'Free Markets Equals' Lawlessness" fallacy understands free markets as markets without any restriction on the activities of individuals or corporations. To examine the idea of free markets, let's look at one of our most cherished freedoms: freedom of speech. Most Americans see free speech as a very positive thing. They seek to protect it…