Why are Some Places Rich While Others are Poor? The Institutional Necessity of Economic Freedom

Carden, Art; Hall, Joshua C.

doi:10.2139/ssrn.1440786

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Why are Some Places Rich While Others are Poor? The Institutional Necessity of Economic Freedom

13 Pages Posted: 29 Jul 2009

Art Carden

Brock School of Business, Samford University; Independent Institute

Joshua C. Hall

West Virginia University

There are 2 versions of this paper

Date Written: July 29, 2009

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 toward prosperity.

Keywords: Planning, economic progress, economic development, entrepreneurship

Suggested Citation: Suggested Citation

Carden, Art and Hall, Joshua C., Why are Some Places Rich While Others are Poor? The Institutional Necessity of Economic Freedom (July 29, 2009). Available at SSRN: https://ssrn.com/abstract=1440786 or http://dx.doi.org/10.2139/ssrn.1440786