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Pessimistic Trends in Global Economic Liberty

Pessimistic Trends in Global Economic Liberty

by Dan Mitchell | Sep 9, 2022 | Blogs, Economics, Free Market

When I wrote about the 2021 edition of Economic Freedom of the World, I noted that both Chile and Canada were drifting in the wrong direction. In the just-released 2022 version, there’s not any good news about those two...
The Glory of Capitalism, Captured in a Chart

The Glory of Capitalism, Captured in a Chart

by Dan Mitchell | Sep 6, 2022 | Blogs, Economics, Free Market

Last week, I shared some great information from Superabundance, a new book that shows how economic liberty has made us much better off, as measured by how much more we can buy per hour worked. Today, let’s look at a related benefit of...
Free Markets and “Superabundance”

Free Markets and “Superabundance”

by Dan Mitchell | Sep 1, 2022 | Blogs, Economics, Free Market

I wrote last year that today’s Americans are much richer than their parents and grandparents (and the gap becomes even more enormous when comparing with earlier generations). But the data I cited almost surely understate the improvement in...
Three Cheers for the Industrial Revolution

Three Cheers for the Industrial Revolution

by Dan Mitchell | Aug 2, 2022 | Blogs, Economics, Free Market

At the start of this interview, I cite Economic Freedom of the World and the Index of Economic Freedom to make the point that more economic liberty is correlated with more human prosperity. For purposes of today’s column, I want to focus on the last half of the...
Lessons from Estonia’s Market-Driven Convergence

Lessons from Estonia’s Market-Driven Convergence

by Dan Mitchell | Jul 7, 2022 | Blogs, Free Market

I’ve written many times that convergence (or lack thereof) is the way to assess a nation’s economic policy. Based on this metric, Estonia deserves praise. Here’s a chart from a recent OECD report, which shows Estonia (and other countries...
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