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 »
Puerto Rico is a Hispanic American nation under the sovereignty of the United States of America; this fact makes it a particular case when discussing economic freedom in the Americas. Puerto Rico was ceded to the United States as a result of the Spanish-American War and the Treaty of Paris (1898).
Perspectives on Economic Freedom 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 »
The general objective of this study was to assess the knowledge of the main principles of economic liberty and the free market, and the affinity with them in Puerto Rico.
Free Market in Puerto Rico 2022 Read More »
The preliminary costs of the bankruptcy, amounting to $1 billion so far, should be a powerful incentive for us to force structural reforms that will save Puerto Rico from a second bankruptcy and an economic cliff. It would be an act of collective folly to ignore the reasons that led us into the fiscal hole and to have become the first state government in the United States to file for bankruptcy.
The reforms that will save Puerto Rico Read More »
This study examines the scope and specific burdens of occupational licensing and documents the licensing requirements for 102 lower-income occupations across all 50 states, Puerto Rico, and the District of Columbia.
License to Work (3rd Edition): Licensing in Puerto Rico Read More »
This annual report measures the extent to which the policies of individual jurisdictions are supportive of economic freedom. Puerto Rico was included in 2022, for the first time, shedding light on the components and areas that affect the ability of individuals to participate in the economic sphere without undue restrictions.
Chapter 3: A First Look at Economic Freedom in Puerto Rico Read More »
Thanks to the research carried out over the past few months, Puerto Rico will be part of three important economic freedom and free-market indexes.
Puerto Rico and the Indices of Economic Freedom Read More »
Migration is used as a factor to assess the economic freedom of regions, states, and localities. When we investigated the inbound and outbound domestic migration trends of the US, from 2011 to 2019, we found that states and territories where economic freedoms were promoted had higher inbound migrations.
The states and territories, their domestic migration and the economic liberty Read More »
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