Rule of Law and Economic Freedoms as the Key to Improve National Welfare

A manifestation of the rules by which many play the game, institutions are fundamental to national welfare. This remains true whether welfare is measured in economic, social, or political dividends. The importance of rules has been elaborated by thinkers as separated by time, space and empirical approach as Adam Smith, Daron Acemoglu and Johan Galtung.

Read the Article -->