The Index of Economic Freedom is a series of 10 economic measurements created by The Heritage Foundation and The Wall Street Journal. Its stated objective is to measure the degree of economic freedom in the world's nations.
The Heritage Foundation and the Wall Street Journal created the Index of Economic Freedom in 1995. According to Heritage, the creators of the Index took an approach similar to Adam Smith's The Wealth of Nations that "basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society".
Other articles related to "index of economic freedom, freedom, economic freedom, index, economic, of economic freedom":
... According to the Freedom House, "there is a high and statistically significant correlation between the level of political freedom as measured by Freedom House and economic freedom as measured by ... government foreign aid program, has used the Trade freedom indicator in determining which countries will receive their performance-based compacts ... Critics such as Jeffrey Sachs have contested the Index's assumption that economic openness necessarily leads to better growth ...
... The Index of Economic Freedom is a series of 10 economic measurements created by the Heritage Foundation and Wall Street Journal ... The Index's definition of economic freedom is the following "Economic freedom is the fundamental right of every human to control his or her own labor and property ... in any way they please, with that freedom both protected by the state and unconstrained by the state ...
Famous quotes containing the words freedom, index and/or economic:
“For freedom Christ has set us free. Stand firm, therefore, and do not submit again to a yoke of slavery.”
—Bible: New Testament, Galatians 5:1.
“Exile as a mode of genius no longer exists; in place of Joyce we have the fragments of work appearing in Index on Censorship.”
—Nadine Gordimer (b. 1923)
“... the living, vital truth of social and economic well-being will become a reality only through the zeal, courage, the non-compromising determination of intelligent minorities, and not through the mass.”
—Emma Goldman (18691940)