The literature connecting economic freedom indexes to income levels and growth generally points in the direction of a positive association. In this paper, we argue that this finding is a highly conservative one as the data is heavily biased against finding any effects. The bias emerges as a...

The literature connecting economic freedom indexes to income levels and growth generally points in the direction of a positive association. In this paper, we argue that this finding is a highly conservative as the data is heavily biased against finding any effects. The bias emerges as a result...

Milton Friedman, in the 1960s, was convinced that the British government official in charge of Hong Kong's economic policy — John Cowperthwaite — was largely responsible for running the most radical experiment in economic history. Cowperthwaite, a classical liberal enrolled in the British...