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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...
Shareholders Over Stakeholders, Part I

Shareholders Over Stakeholders, Part I

by Dan Mitchell | Jun 25, 2022 | Big Government, Blogs, Free Market

My warm and fuzzy feelings for “capitalism” turn sour when someone promotes a modified version such as “common-good capitalism.” Why? Because I worry such terms imply a Trojan Horse for statism. And that’s definitely the case with so-called...
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