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James Gwartney, Robert Lawson - Economic Freedom of the World 2009
James Gwartney, Robert Lawson - Economic Freedom of the World 2009
Date: 12 November 2010, 08:01

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James Gwartney, Robert Lawson - Economic Freedom of the World 2009
Publisher: The Fraser Institute | 009-09-14 | ISBN: 0889752478 | PDF | 226 pages | 1.48 MB

The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of privately owned property. Forty-two data points are used to construct a summary index and to measure the degree of economic freedom in five broad areas: (1) size of government: expenditures, taxes, and enterprises; (2) legal structure and security of property rights; (3) access to sound money; (4) freedom to trade internationally; and (5) regulation of credit, labor and business.
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