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Complements to GDP: Measuring Freedom, Health and Education through time

The Economic History Podcast

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Exploring Freedom in Economics and Human Development

The chapter delves into the concept of freedom in economics, tracing its evolution from negative to positive definitions and examining its relationship with individual liberty and access to resources. It discusses the nuances of measuring freedom on a macro level and explores the economic freedom index's dimensions like property rights, legal system, and government size. The analysis extends to comparing economic freedom across OECD countries, highlighting the impact on well-being, health indicators, and the historical shift in the relationship between income and life expectancy.

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