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Books > Business & Economics > Economics > Economic theory & philosophy
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Economic Freedom and Prosperity - The Origins and Maintenance of Liberalization (Hardcover)
Loot Price: R4,474
Discovery Miles 44 740
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Economic Freedom and Prosperity - The Origins and Maintenance of Liberalization (Hardcover)
Series: Routledge Foundations of the Market Economy
Expected to ship within 12 - 19 working days
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Economic theory and a growing body of empirical research support
the idea that economic freedom is an important ingredient to
long-run economic prosperity. However, the determinants of economic
freedom are much less understood than the benefits that freedom
provides. Economic Freedom and Prosperity addresses this major gap
in our knowledge. If private property and economic freedom are
essential for achieving and maintaining a high standard of living,
it is crucial to understand how improvements in these areas have
been achieved and whether there are lessons that can be replicated
in less free areas of the world today. In this edited collection,
contributors investigate this research question through multiple
methodologies. Beginning with three chapters that theoretically
explore ways in which economic freedom might be better achieved, it
then moves on to a series of empirical chapters that examine
questions including the speed and permanence of reform, the deep
long-run determinants of economic freedom, the relationship between
voice and exit in impacting freedom, the role of crises in
generating change, and immigration. Finally, the book considers the
evolution of freedom in China, development economics, and
international trade, and it concludes with a consideration of what
is necessary to promote a humane liberalism consistent with
economic freedom. Economic Freedom and Prosperity will be of great
interest to all social scientists concerned with issues of
institutional change. It will particularly appeal to those
concerned with economic development and the determinants of an
environment of economic freedom.
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