13 Pages Posted: 29 Jul 2009
Date Written: July 29, 2009
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