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

Evidence suggests that foreign aid does not promote economic growth. Institutions which promote entrepreneurship do promote growth. Understanding where these institutions come from is paramount to success. This essay analyzes and summarizes theory and evidence regarding the relationship between...

We investigate the relationship between exposure to "authoritarian" or "autocratic" institutions for prolonged periods of time and long-term economic development. Specifically, we examine how the length of time a country's regime was authoritarian between 1920 and 2000 is correlated with...