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Why Are Some Places Rich While Others Are Poor? The Institutional Necessity Of Economic Freedom

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  • Art Carden
  • Joshua Hall

Abstract

We survey perspectives on the economic differences between countries and argue that economic freedom is the key to prosperity. We close by outlining the policy implications. Specifically, removing obstacles to the exercise of economic freedom is an important step towards prosperity.

Suggested Citation

  • Art Carden & Joshua Hall, 2010. "Why Are Some Places Rich While Others Are Poor? The Institutional Necessity Of Economic Freedom," Economic Affairs, Wiley Blackwell, vol. 30(1), pages 48-54, March.
    • Handle: RePEc:bla:ecaffa:v:30:y:2010:i:1:p:48-54
    DOI: 10.1111/j.1468-0270.2009.01973.x
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    References listed on IDEAS

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