| By: James Gwartney, Robert A. Lawson, Ryan Murphy, Matthew D. Mitchell, Kevin Grier, Robin Grier and Daniel J. Mitchell
This year’s Economic Freedom of the World finds that most countries curtailed economic freedom in the wake of the COVID-19 pandemic—and Canada is no exception.
Economic Freedom: What Is It? How Is It Measured? And How Does It Affect Our Lives? finds that higher levels of economic freedom lead to much higher incomes and much better health.
| By: James Gwartney, Robert A. Lawson, Ryan Murphy, Matanda Abubaker, Andrea Celico, Alexander C.R. Hammond, Fred McMahon and Martin Rode
Economic Freedom of the World report measures the economic freedom of individuals—their ability to make their own economic decisions—by analyzing the policies and institutions of 165 jurisdictions. This year, for the first time in the history of the report, Hong Kong has fallen to second place overall while Canada has one of the fastest growth rates in size of government in the world.
Populism, Majority Rule, and Economic Freedom, a chapter in the Institute’s upcoming Economic Freedom of the World Report, finds that in the absence of strong institutional checks on government power, such as constitutional rules that protect minority rights and an independent judiciary that will enforce these rules, populism in government can lead to a decline in economic freedom.
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