Posts Tagged ‘Index of economic Freedom’

  • A laissez-faire world tour of selected regions.

    The World’s Top and Bottom Laissez-Faire Countries

    May 2, 14 • 1173 Views • No Comments

    I have been seeing more of Adam Smith in the news recently. Reviews of Thomas Piketty’a new book and policy discussions about sluggish growth always seem to oppose or support laissez-faire. Adam Smith believed that markets function best when government...  [read more]

  • Singapore's Expensive VW Passats

    Singapore’s Pollution Solution

    Sep 25, 12 • 351 Views • No Comments

    When a country’s economy is ranked the 2nd freest in the world, how do they manage auto congestion and pollution? By auctioning a limited number of vehicle permits, Singapore makes owning a car very expensive. A VW Passat in Singapore could cost as...  [read more]

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    Corn Counters

    Dec 6, 11 • 301 Views • No Comments

    To estimate the size of the corn crop, the U.S. Department of Agriculture (USDA) hires corn counters. Calculating stalk stats and assessing cob size, they observe 15 foot sections in thousands of fields. Add to that weather predictions, yield trends, and...  [read more]

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    Well-Being Yardsticks

    Nov 17, 10 • 221 Views • No Comments

    Having just looked at the “Human Development Report 2010” from the UN, I thought of a former mayor of NYC, Ed Koch. Mayor Koch used to ask, “How am I doing?” Let’s assume that an economy can ask the same question. What yardstick...  [read more]

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    Grading North Korea

    Jun 11, 10 • 294 Views • No Comments

    Just like teachers, the writers of the Index of Economic Freedom give grades. Instead of students, though, countries receive their grades after being “tested” on such economic issues as starting a business, tax policy, and private property....  [read more]