Economics has rediscovered happiness even though the discipline has always been about human wellbeing. A growing evidence suggests that happier people can be more productive and innovative, which leads to profitability and economic growth. Thus, there are concerted efforts to measure happiness...

In this essay, Lawson describes the Economic Freedom of the World (EFW) project that quantifies the connections between economic freedom, political freedom, and economic performance by capturing and distilling the key elements of economic freedom within a single index