2017 Index of Economic Freedom, Institute for Economic Freedom

[Cesc0405]

2017 Index of Economic Freedom, Institute for Economic Freedom by Terry Miller
English | 2017 | ISBN: 0891952934 | 492 Pages | PDF | 20 MB
Economic freedom is a critical element ofhuman well-being and a vital linchpinin sustaining a free civil society. As FriedrichA. Hayek foresaw decades ago, "The guidingprinciple in any attempt to create a world offree men must be this: a policy of freedom forthe individual is the only truly progressive policy."Indeed, the best path to prosperity is thepath of freedom: letting individuals decide forthemselves how best to achieve their dreamsand aspirations and those of their families.It is that path whose course is charted in theIndex of Economic Freedom.

Economic freedom is a critical element ofhuman well-being and a vital linchpinin sustaining a free civil society. As FriedrichA. Hayek foresaw decades ago, "The guidingprinciple in any attempt to create a world offree men must be this: a policy of freedom forthe individual is the only truly progressive policy."Indeed, the best path to prosperity is thepath of freedom: letting individuals decide forthemselves how best to achieve their dreamsand aspirations and those of their families.It is that path whose course is charted in theIndex of Economic Freedom.
In practice, each country's path to growthand development must be tailored to its ownculture, history, and unique conditions, butthere are certain fundamental characteristicsof that path that are common to all countries.Nations with higher degrees of economic freedomprosper because they tend to capitalizemore fully on the knowledge and ability ofall individuals in society. Given a chance, thefree-market system provides a frameworkfor organizing, without coercion, the skills,talents, and effort of individuals toward theproduction of the goods and services most indemand by their fellow citizens. For societyas a whole, this generates dynamic economicgrowth and promotes innovation through theefficient allocation of resources.
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