The world has rushed to embrace the market economy, according to the conventional wisdom. However, new indices measuring economic freedom, published by the Fraser Institute, Freedom House and the Heritage Foundation, suggest that capitalism’s recent victories may be tenuous.

Business and EntrepreneurshipEconomyFree Market EconomicsInternational Economics and DevelopmentTrade
Other Independent Review articles by John R. Hanson II
Winter 2007/08 Global Migration and the World Economy: Two Centuries of Policy and Performance
Spring 2003 Against the Dead Hand: The Uncertain Struggle for Global Capitalism
Spring 2000 Prosperity and Economic Freedom: A Virtuous Cycle