Abstract: Despite evidence that free market policies improve overall welfare, much of the world is making little progress in reducing state economic controls. Short-term transition costs may be the reason. A simple model demonstrates that it may be rational to weight these costs more heavily than the long-term beneﬁts of economic freedom.
29. “The Rocky Road to Paradise: Why Economic Liberalization is Interrupted”
By July 14, 2009 Leave a CommentPublished on