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SUMMARY:Assessing economic freedom in historical perspective: the experien
 ce of OECD countries - Professor Leandro Prados de la Escosura (Carlos III
  University\, Madrid) 
DTSTART:20131017T160000Z
DTEND:20131017T173000Z
UID:TALK48038@talks.cam.ac.uk
CONTACT:Sian Pooley
DESCRIPTION:The debate about economic liberty has been mainly restricted t
 o the theoretical level and only in the last decades the Fraser Institute 
 and the Heritage Foundation have provided indices of economic freedom with
  a wide spatial coverage but a limited time dimension. The lack of a long-
 run perspective reduces the value of the lessons and policy implications t
 hat can be derived from them.\nIn this paper I construct time measures for
  the main dimensions of economic freedom and\, then\, provide an aggregate
  measure of economic liberty for today’s advanced (pre-1994 OECD) countr
 ies over 1850-2007. After introducing the concept of economic freedom I ad
 dress the choice of historical indicators to proximate each dimension of e
 conomic liberty. Trends in economic freedom are\, then\, presented for the
  OECD as a whole\, its main regions\, and individual countries. The result
 s are compared to those of the Fraser Institute’s.\n
LOCATION:Graham Storey Room\, Trinity Hall
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