Economic Freedom and Prosperity

The Origins and Maintenance of Liberalization

Benjamin Powell

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Hardback

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English

Routledge
25 October 2018

Economic theory & philosophy; Economic systems & structures

Series: Routledge Foundations of the Market Economy

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.

Edited by: Benjamin Powell
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 544g
ISBN: 9781138335394
ISBN 10: 1138335398
Series: Routledge Foundations of the Market Economy
Pages: 266
Publication Date: 25 October 2018
Audience: College/higher education , Primary , A / AS level
Format: Hardback
Publisher's Status: Active

Benjamin Powell is the director of the Free Market Institute and Professor of Economics at the Rawls College of Business Administration at Texas Tech University, USA. He has authored or edited five other books and more than 50 scholarly journal articles, his research findings have been reported widely in the popular press and he has been a regular commentator on national television.

Reviews for Economic Freedom and Prosperity: The Origins and Maintenance of Liberalization

This book tackles an issue that does not get the deserved attention. While many books study the benefits of economic freedom, this project studies the origins and persistence of economic freedom. Any attempt to increase our economic freedom needs to understand the roots and necessary condition for economic freedom to flourish and persist in time. This book offers a timely endeavour carried out by one of the most reputable authors in the field. , Nicolas Cachanosky, Metropolitan State University of Denver, USA