- Value [1] Economic Freedom
- Economic freedom has been shown in numerous peer-reviewed studies to promote prosperity and other positive outcomes. It is
a necessary condition for democratic development. It liberates people from dependence on government in a planned economy,
and allows them to make their own economic and political choices. For information on the effects of economic freedom, please
see papers [at http://www.freetheworld.com/papers.html]. The classic definition of economic freedom is: "Individuals have
economic freedom when property they acquire without the use of force, fraud, or theft is protected from physical invasions
by others and they are free to use, exchange, or give their property as long as their actions do not violate the identical
rights of others. An index of economic freedom should measure the extent to which rightly acquired property is protected and
individuals are engaged in voluntary transactions." James Gwartney and Robert Lawson et al. Economic Freedom of the World:
1996 Annual Report
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