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Economic Freedom, Democracy and the Quality of Life
Publication Date: March 2010
Publisher(s): National Center for Policy Analysis (U.S.)
Author(s): Michael D. Stroup
Funder(s): National Center for Policy Analysis (U.S.)
Funder(s): National Center for Policy Analysis (U.S.)
Series: No. 695
Topic: Agriculture, forestry and fishing (Agricultural economics and farm holdings)
Economics (Consumers and consumption)
Keywords: economic freedom; quality of life
Type: Brief
Abstract:
Capitalism and democracy are both known to improve the quality of life. But which is more effective in promoting social welfare? Three typical measures of social welfare are health, education and disease prevention. Poor countries generally rank lower than developed countries on these social metrics, but better public policies can improve them.