Economic Freedom of the World: 2012 Annual Report - Softcover

James Gwartney; Robert Lawson; And Joshua Hall

9780889752580: Economic Freedom of the World: 2012 Annual Report

Softcover

ISBN 10: 0889752583 ISBN 13: 9780889752580

Publisher: UNKNO, 2012

The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of privately owned property. Forty-two data points are used to construct a summary index and to measure the degree of economic freedom in five broad areas: (1) size of government: expenditures, taxes, and enterprises; (2) legal structure and security of property rights; (3) access to sound money; (4) freedom to trade internationally; and (5) regulation of credit, labor and business.

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About the Author:

James Gwartney holds the Gus A. Stavros Eminent Scholar Chair at Florida State University, where he directs the Stavros Center for the Advancement of Free Enterprise and Economic Education. He is the coauthor of Economics: Private and Public Choice (Cengage/South-Western Press, 2011), a widely used principles of economics text that is now in its 13th edition. He is also coauthor of an economics primer, Common Sense Economics: What Everyone Should Know about Wealth and Prosperity (St. Martin s Press, 2010). His publications have appeared in both professional journals and popular media such as the Wall Street Journal and the New York Times. He served as Chief Economist of the Joint Economic Committee of the US Congress during 1999/2000. In 2004, he was the recipient of the Adam Smith Award of the Association of Private Enterprise Education for his contribution to the advancement of free-market ideals. He is a past President of the Southern Economic Association and the Association of Private Enterprise Education. His Ph.D. in economics is from the University of Washington. Robert Lawson is the Jerome M. Fullinwider Chair in Economic Freedom in the O Neil Center for Global Markets and Freedom in the Cox School of Business at Southern Methodist University. Prior to taking a position at SMU, he taught at Auburn University, Capital University, and Shawnee State University. Lawson has numerous professional publications in journals such as Public Choice, Journal of Economic Behavior and Organization, Cato Journal, Kyklos, Journal of Labor Research, Journal of Institutional and Theoretical Economics, and European Journal of Political Economy. Lawson has served as president of the Association of Private Enterprise Education and is a member of the Mont Pelerin Society. He earned his B.S. in economics from the Honors Tutorial College at Ohio University and his M.S. and Ph.D. in economics from Florida State University. Joshua C. Hall is an assistant professor in the Department of Economics and Management at Beloit College in Beloit, Wisconsin. He earned his B.A. and M.A. in economics from Ohio University and his Ph.D. from West Virginia University. Formerly an economist for the Joint Economic Committee of the US Congress, he has published numerous policy studies and professional publications. Professor Hall s research has appeared in journals such as the Atlantic Economic Journal, Cato Journal, Journal of Economic Behavior and Organization, Journal of Economic Education, Journal of Labor Research, Southern Economic Journal, and Public Finance Review.

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