Economic Freedom

Human Freedom Index: A Global Measurement of Personal, Civil, and Economic Freedom compares the level of human freedom in 152 countries using 76 indicators in areas that include freedom of speech, religion, individual economic choice, and women’s freedoms. It finds that Canada ranks sixth in the world while the United States ranks 20th.

Determinants of Economic Freedom finds that the ongoing tug-of-war between political parties trying to “buy” votes with policies catering to special interest groups is a key factor that can affect determining a country’s level of economic freedom. This equilibrium can change when external shocks such as wars and revolutions, economic depressions or recessions prompt the public to gravitate to political parties promising change and dramatic new directions. If that results in governments dramatically expanding their role in the economy, economic freedom levels can fall.

Popular myths surround many critical issues in Canada and discourage reforms that would benefit Canadians, finds a new book by Robert P. Murphy, Jason Clemens, Milagros Palacios, and Niels Veldhuis. Economic Principles for Prosperity provides readers witha broad foundation for understanding how best to achieve a prosperous society.