economic liberty is due to the elite’s political power stemming from its disproportionate control over a country's economic … resources. The elite uses this power to curtail economic freedom to defend its economic interests by discouraging innovation … distribution) when inequality is high. We argue that the latter finding corresponds to a system of political capitalism or captured …

economic liberty is due to the elite’s political power stemming from its disproportionate control over a country's economic … resources. The elite uses this power to curtail economic freedom to defend its economic interests by discouraging innovation … distribution) when inequality is high. We argue that the latter finding corresponds to a system of political capitalism or captured …

Using a unique survey of adults in Turkey, we find that an increase in educational attainment, due to an exogenous …