Essays and Reports

The Road to Serfdom
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Essays

Ojel L. Rodríguez Burgos

Luis
The Road to Serfdom Turns 80

The Nobel Prize-winning economist Friedrich Hayek is recognized as one of the most important advocates of liberty in the 20th century. The work that earned him this distinction was The Road to Serfdom, published in 1944 and dedicated “To the socialists of all parties.” The central thesis of the book is the incompatibility of central economic planning and a society of free individuals. This article reviews the origins and some of the key arguments of this seminal work in economic thought.

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Reports

Ángel Carrión-Tavárez

Profe
Economic Freedom of North America 2023

Economic Freedom of North America 2023 is the nineteenth edition of the Fraser Institute’s annual report. This year it measures the extent to which—in 2021, the year with the most recent available comprehensive data—the policies of North American jurisdictions were supportive of economic freedom, the ability of individuals to act in the economic sphere free of undue restrictions.

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Lights and Shadows of Puerto Rican Business
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Alberto Gómez Hernández

Luis
Lights and Shadows of the Puerto Rican Business Environment

The existence of a business-friendly environment that facilitates investment, entrepreneurship, and business growth is of utmost importance for the economic development of any country. This becomes more relevant today, as companies, entrepreneurs, and productive factors—always scarce—can relocate to places where conditions are more favorable, creating a status quo in which countries constantly compete—at both regional and global scales—to attract investment and talent.

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Challenges to Classical Liberalism
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Juan Lara

ileprstg
Challenges to Classical Liberalism

Free-market economy is an economic system with proven effectiveness in coordinating the efficient use of a society’s resources and promoting productive innovation but, like any human institution, it faces challenges that can hinder its proper operation and warp its results. An array of improper, and even illegal, behaviors divert the legitimate business goal of making profits toward a pursuit of profit that is disconnected from productive activity and focused on the exploitation of advantages and privileges. These practices include rent-seeking, clientelism, nepotism, cronyism, and—in extreme cases—corruption.

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Economic Freedom and Social Mobility
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Justin T. Callais

Nicole
Economic Freedom and Social Mobility: What Does It Mean for Puerto Rico?

Social and income mobility has become a hot topic among social scientists and policymakers. Few, though, have examined the role of economic freedom in explaining differences in mobility. I summarize my work showing that economic freedom has a strong impact on improving mobility.

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Articles and OpEd

Before leaving to enjoy their long and well-deserved vacations, some legislators are pushing a pilot plan to reduce the workday in government agencies -and later in private enterprise- to 32 hours per week, with the same salary and benefits.

Banquet in Sight: Every Friday Off

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No es Comunismo, es pobreza
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José R. Nadal Power
It's not communism, it's poverty

The PIP's proposals, when removed from the lyrics, would not bring communism, but more poverty and exodus, writes José Nadal Power.

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Premio Nobel de Economia
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Articles
Juan Lara
The Nobel Prize in Economics: Lessons for Puerto Rico

Acemoglu, Johnson and Robinson highlight the importance of having the right economic institutions for development, writes Juan Lara.

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Donald Trump y Jenniffer González
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Articles
Gustavo Velez
Donald Trump and Jenniffer González: will an effective economic relationship be possible?

Citizens are anxiously awaiting the famous first 100 days of both administrations (federal and state), which should define what should be a four-year period of global and local challenges.

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Articles
Martín Aguirre
A special case in the region: Puerto Rico

Puerto Rico is under the jurisdiction of Washington but is not a formal part of the 50 states that make up the United States of America. Therefore, its inhabitants are not represented in the U.S. Electoral College.

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What is ILE?

About ILE
The Puerto Rico Institute for Economic Liberty is a...

What we want
To live in a Puerto Rico where everyone has the ability...

What we believe
Puerto Ricans should have the opportunity to...

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Multimedia

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Videos

ILE

Economic Outlook 2025: Blueprint For Growth in Puerto Rico

Hon. Luis Fortuño, former governor of Puerto Rico and Jorge L. Rodríguez, our founder, participated in a panel moderated by Rafa Rojo, at the Puerto Rico Builders Association 2024 Annual Convention held at the Puerto Rico Convention Center. They spoke about the economic policy governances that Puerto Rico has had and what are the changes in these to unlock the Island's potential.

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libre mercado libertad economica
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ILE

Free markets and economic freedom - their impact on Puerto Rico's prosperity

Jorge L. Rodríguez was the keynote speaker at the MIDA Conference and Food Show 2024 awards luncheon at the Puerto Rico Convention Center. He spoke about the importance of free markets and economic freedom for the prosperity of Puerto Rico.

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Press and Newsletters

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Press Release
Notiséis
Luis
Study reveals more than 50 laws that make it difficult to do business in Puerto Rico

During its annual convention, Supermercados Selectos presented the study “Economic Freedom Actions for a Just and Prosperous Puerto Rico,” conducted by the Puerto Rico Institute for Economic Freedom (ILE), which revealed that in Puerto Rico there are more than 50 laws and regulations that limit private investment and hinder the creation of businesses and jobs.

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Press Release
ILE
Luis
New Report Exposes Regulatory Excesses of the Government of Puerto Rico and Proposes Public Policy Solutions

The report Acciones de libertad económica para un Puerto Rico justo y próspero (Economic freedom actions for a fair and prosperous Puerto Rico) highlights more than 50 laws and regulations that limit opportunities in Puerto Rico and provide a guide for the next government to establish new public policies that unlock the Island’s potential.

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Newsletter
ILE
Luis
Puerto Rico was included in the 2024 State Occupational Licensing Index, ILE surpasses 30,000 followers.

In this third quarter of 2024, Puerto Rico was included, for the first time, in the 2024 State Occupational Licensing Index report, which found that Puerto Rico has more unique occupational licenses than all 50 states and Washington, D.C. combined. In addition, ILE surpassed the 30,000 followers mark on its social networks. You will also see the events where we participate, TV, radio, and podcast interviews, as well as the most-read news and articles on our digital platforms.

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Contribute now for a free and prosperous Puerto Rico

With your help, we will promote the ideals of individual liberty and responsibility, the rule of law, private property, and effective and accountable government to increase opportunity in Puerto Rico and enable prosperity for all.

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