freedom: Is the Hayek-Friedman Hypothesis True?


“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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At the time of his death, F. A. Hayek was unquestionably the world’s preeminent spokesman for classical liberalism and its most important thinker. — Ronald Hamowy

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