Thursday, September 08, 2005

Fraser Institute and Cato rank economic freedom

Vancouver, BC - Economic freedom is almost 50 times more effective than democracy in diminishing violent conflict between nations, according to the Economic Freedom of the World: 2005 Annual Report, released today by The Fraser Institute.

“Researchers have long known democracies go to war about as often as other nations but tend not to go to war with each other. However, stable democracies typically have strong levels of economic freedom, leading to the question of whether it is democracy or economic freedom that affects the probability of violent conflict,” said co-author of the report, James Gwartney, Professor of Economics at Florida State University.

Interesting stuff...Canada ranks 7th...

2 comments:

John Murney said...

I could not agree more with the jist of this report.

Shawn said...

I wonder if the observations in this report could be studied/extrapolated to the level of the individual? Something along the line of how often do people commit crimes against others in systems with solid property rights and relative freedom to engage in productive commercial activities.

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