Abstract:
“This paper examines empirically the hypothesis made famous by Nobel Laureates Friedrich A. Hayek and Milton Friedman that societies with high levels of political freedom must also have high levels of economic freedom. In our judgment, the Hayek-Friedman Hypothesis holds up fairly well to historical scrutiny. Using data on economic and political freedom for . . . → Read More: freedom: Is the Hayek-Friedman Hypothesis True?
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