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Economic Freedom of the World 2006   
Economic Freedom of the World 2006


With an Introduction by PARTH J SHAH

Published by Academic Foundation
in collaboration with
Centre for Civil Society, New Delhi and
Friedrich Naumann Stiftung.
Paper  Back Book (8¾" x 11")   :   Pages : 238
2006  Edition         :   ISBN - 81-7188-587-X
Price : Rs. 795.00   :   USD $ 39.95
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The key ingredients of economic freedom are personal choice, voluntary exchange, freedom to compete, and protection of the person and property. Economic freedom liberates individuals and families from government dependence and gives them control of their own future. Empirical research shows this spurs economic growth by unleashing individual dynamism. It also leads to democracy and other freedoms as people are unfettered from government dependence.

The annual Economic Freedom of the World Report ranks countries on their level of economic freedom. This comprehensive index, constructed under the leadership of The Fraser Institute and Nobel Laureate Milton Friedman, is the most objective and accurate measure of economic freedom published to date by any organization and the only one that uses reproducible measures appropriate for peer-reviewed research.

The 2006 annual report explores the evolution of economic freedom over the last quarter century and the impact of economic freedom on people's lives.

It answers many important questions, including :

• Has economic freedom been increasing or decreasing ?

• Do poor people benefit when countries become economically free ?

• What countries have made big gains in economic freedom in recent years ?

• What effect does economic freedom have on prosperity ?

• How does economic freedom influence investment ?

• How does economic freedom influence productivity ?

• What impact does economic freedom have on income inequality ?


The world's political leaders and others concerned with economic growth … would do well to give their custom to … (the) Economic Freedom of the World report, an annual publication that aims to measure economic freedom in 123 countries.



Economic freedom advances economic growth, reduces poverty and promotes other civil and political freedoms. It is also a tonic against terrorism because of the opportunity it creates. All of the nations behind global terrorism lack economic freedom.



The closest thing we have to (an explanation of efficient markets) is the Economic Freedom of the World Annual Report. … This is an invaluable contribution.



The series of reports on economic freedom has been of enormous value in assessing… the consequences of freedom for economic progress of different nations. I look forward to each annual report.


Nobel Laureate GARY BECKER

It's an article of faith for most economists that freedom of trade pays off in economic growth. Their faith is supported by hard numbers in … (the) Economic Freedom of the World report.




James D. Gwartney is Professor of Economics and holds the Gus A. Stavros Eminent Scholar Chair at Florida State University, where he directs the Gus A. Stavros Center for the Advancement of Free Enterprise and Economic Education. He served as Chief Economist of the Joint Economic Committee of the US Congress during 1999/2000. He is the co-author of a leading textbook, Economics: Private and Public Choice, and a recently published primer, Common Sense Economics: What Everyone Should Know About Wealth and Prosperity (St. Martin’s Press, 2005). His professional publications have appeared in the American Economic Review, Journal of Political Economy, Industrial and Labor Relations Review, Cato Journal, Kyklos, and Southern Economic Journal. Prof. Gwartney was president of the Association of Private Enterprise Education and was awarded the association’s Adam Smith Award in 2004. His doctoral degree in economics is from the University of Washington and he is a member of the Mont Pelerin Society.

Robert A. Lawson is Professor of Economics and holds the George H. Moor Chair in the School of Management at Capital University in Columbus, Ohio. 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. Prof. Lawson has professional publications in Public Choice, Cato Journal, Kyklos, Journal of Labor Research, Journal of Institutional and Theoretical Economics, and the European Journal of Political Economy. He is a senior fellow with the Buckeye Institute for Public Policy Solutions, where he has written extensively on issues of state and local public finance. Lawson is a former president of the Association of Private Enterprise Education and is a member of the Mont Pelerin Society.



William Easterly is Professor of Economics at New York University (NYU), joint with Africa House, and Co-Director of NYU’s Development Research Institute. He is also a non-resident Fellow of the Center for Global Development in Washington, DC. William Easterly received his Ph.D. in Economics at MIT. He spent 16 years as a Research Economist at the World Bank. He is the author of The White Man’s Burden: How the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (Penguin, 2006), The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics (MIT, 2001), three other co-edited books, and 46 articles in refereed economics journals. Prof. Easterly is an associate editor of the Quarterly Journal of Economics, the Journal of Economic Growth, and of the Journal of Development Economics. He was born in West Virginia and grew up in Bowling Green, Ohio.





Introduction (Parth J Shah)

Dedication to Sir John Cowperthwaite
by James Gwartney, Robert Lawson, Alex Singleton, and Milton Friedman

About the Authors

About the Participating Institutes

Executive Summary

Chapter 1: Economic Freedom of the World, 2004

Chapter 2: Freedom versus Collectivism in Foreign Aid
by William Easterly

Chapter 3: Country Data Tables

Appendix 1: Explanatory Notes and Data Sources

Appendix 2: Selected Publications Using Ratings from Economic Freedom of the World

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