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.
Economic liberty—the right to earn an honest living—is one of the most important rights of free people. Over time, this right has been restricted by unnecessary laws and regulations. Legislators should govern from a presumption of liberty. Applied practically, this means legislators should presume individuals have the right to practice their chosen occupations free from government regulation unless and until systematic evidence shows this right must be curtailed to protect the public.
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