Since the end of 2007, the world has experienced a sharp and deep decline in economic activity, which in this paper for the sake of brevity will be referred to as “the current recession.” The United States has initiated many costly and extensive policies to fight this recession that are...

This paper discusses the political processes, which determine the level of Economic Freedom existing in individuals countries. Public choice theory is used to indicate how the vote-buying policies of politicians lead to reduced economic freedom but notes that their efforts are constrained by...

All regulations are costly and reduce personal freedoms. Some of them bring benefits in excess of these costs, but in recent decades many new regulations have been designed to produce benefits that are ephemeral and highly uncertain so that their value cannot be measured objectively for use in...

Public choice theory suggests how vote-buying policies of politicians lead to reduced economic freedom and how political opposition limits their ability to do so. The political process leads to equilibrium levels of economic freedom consistent with countries’ culture, history and institutions,...