Friedrich A. Hayek (1899–1992), the 1974 Nobel laureate in Economic Sciences and one of the foremost defenders of individual freedom and the free market, developed a conception of government compatible with a free society that does not require government to be absent, but rather the definition and limitation of its functions and powers.
Hayek and the Role of Government in the Free Market Read More »
Property rights are an essential element for development and well‑being. In this article we briefly analyze their importance and some of the problems with their application in Puerto Rico.
Property Rights: A Pending Task in Puerto Rico Read More »
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.
Lights and Shadows of the Puerto Rican Business Environment Read More »
Why is the right to private property important? What is the relationship between private property and economic liberty and free market economy? Why is private property related to economic efficiency and innovation? How do you protect the private property in Puerto Rico and the United States? What are the limits of private property?
The Right to Private Property Read More »
What is free enterprise? What role does it play in the economy and how does it relate to economic liberty? Why do different ways of interfering with free enterprise persist? What problems can interference with free enterprise cause? Under what circumstances is limiting the space for free enterprise justified?
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