Tuesday, December 20, 2011

Let Freedom Ring!

John Taylor notes that there has been a lot of talk about economic freedom lately. He touches on that in a recent Blog Post
Just recently the  2011 Economic Freedom of the World Report was published by the Fraser Institute. One of the authors of that report is James Gwartney.

Here is a definition of economic liberty taken from a past report:     
 "Individuals have economic freedom when property they acquire without the use of force, fraud, or theft is protected from physical invasions by others and they are free to use, exchange, or give their property as long as their actions do not violate the identical rights of others. An index of economic freedom should measure the extent to which rightly acquired property is protected and individuals are engaged in voluntary transactions".
James Gwartney and Robert Lawson et al.
Economic Freedom of the World: 1996 Annual Report
 
Both Jim Gwartney and John Taylor have Principles texts published by Cengage Learning and both are out in new editions. For more information, go Here.

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