This paper examines empirically the hypothesis made famous by Nobel Laureates Friedrich A. Hayek and Milton Friedman that societies with high levels of political freedom must also have high levels of economic freedom. In our judgment, the Hayek-Friedman hypothesis holds up fairly well to...

The "tigers" are a group of 4-5 east Asian countries, which have joined the rich western countries after a period of 30-40 years of "miraculous" growth. Large controversies surround the attempt to explain how they did it. The paper briefly surveys the discussion. The economic freedom index...

Commodity prices have become volatile over the past 2 decades, and their recent sharp decline has decreased the consumer price index inflation rates for most economies. While many Asian economies have benefited from low international oil and food prices, commodity exporters have suffered. Thus,...