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Since I am ignorant in Economics, what are the factors that contribute to the prosperity? Is GDP? Prices? What else?
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Libertarians say that economic freedom is prerequisite for prosperity. Hong kong is currently the most economically free country. http://www.heritage.org/index/ranking However, it is demonstrated as the 18th country in prosperity index. http://www.prosperity.com/Ranking.aspx a. Why? Shouldn't it...
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Which of European countries are liberal economies? I watched a documentary about Scandinabean countries that applied liberal economic policies which boosted their economies. However, this countries have huge welfare state and high taxation rates. Sweden, Norway, UK etc (*) . These are Socialist policies...
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Dear all, I have a theory. I've been influenced by Ayn Rand's and Joseph Schumpeter's emphasis on entrepreneurship: that it's not really the market (as the sum of the desires of the peope) is what causes prosperity, that's rather just a resoruce like land or ore: it is those few extremely...