Looking closely at the Index of Economic Freedom, we can see where property rights help to boost market activity.
The Economic Side of Afghanistan
With the media focusing on the politics, we need to complete the picture with a look at Afghanistan’s economy.
How Laissez-Faire Countries Tax and Spend
What we tax and how we spend send a message. So today, let’s look at what countries with more economic freedom tell us through their fiscal policy. Laissez-Faire Countries I’ve selected laissez-faire countries from the list created by the Index…
What North Korean Workers Did With Their Choco Pies
While the North Korean economy is centrally planned, the Choco Pie is a tiny example of the how a market system develops.
A 2019 Update: The World’s Top and Bottom Laissez-Faire Countries
The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.
A 2018 Update: The World’s Top and Bottom Laissez-Faire Countries
The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.
The Decline of Laissez-Faire
Perhaps it all began when President Lyndon Johnson called Wilbur Mills, chairman of the House Ways and Means Committee. “Wilbur, I’ve just been looking through the polls here, and I’ve only got a few weaknesses, and the worst of them…
Why China Wants to be Called a Market Economy
Ignoring Adam Smith’s ideas, the EU will probably tell us by 2016 that China has a market economy because the World Trade Organization requires a decision.
The World's Top and Bottom Laissez-Faire Countries
Please note that this post was updated here at econlife. I have been seeing more of Adam Smith in the news recently. Reviews of Thomas Piketty’s new book and policy discussions about sluggish growth always seem to oppose or support…