Crony Capitalism is on a Decline

Crony Capitalism is on a Decline

Posted by: on Jun 10, 2016 | One Comment

Crony capitalism is on a decline, according to the Economist’s index of crony capitalism created in 2014. The Economist index shows that in 2016, Russia has the highest amount of crony capitalism; crony sector wealth constitutes 18% of Russia’s GDP, out of

India Achieves its Highest Ever Score on the Index of Economic Freedom

India Achieves its Highest Ever Score on the Index of Economic Freedom

Posted by: on May 27, 2016 | One Comment

India achieved its highest ever score on the 2016 Index of Economic Freedom. India’s score of 56.2 gave it the 123rd rank among the 178 countries ranked by this index. India was ranked the 25th among the xx nations in the Asia Pacific region. The 123rd

Dr. Roy Spencer: The Meteorologist Who is a Free Market Thinker

Dr. Roy Spencer: The Meteorologist Who is a Free Market Thinker

Posted by: on Nov 26, 2015 | No Comments

It is rare to come across a person who is as diverse as Roy Spencer. He describes himself as a climatologist, author and a former NASA scientist. Other than his many contributions academically, he is also attributed with many memorable

Brazil on the Path to a Different Revolution

Brazil on the Path to a Different Revolution

Posted by: on Nov 18, 2015 | No Comments

Brazil was considered to have the sixth largest economy in the world, both by nominal GDP and purchasing power. In 2012, its economy surpassed the United Kingdom, and Forbes ranked the country as being home to the fifth largest number of

Free Market Advocacy Think Tanks in India

Free Market Advocacy Think Tanks in India

Posted by: on Sep 21, 2015 | No Comments

Free market thinkers could be largely categorized into three distinct types – Anarchists, Minarchists and Minimaxes, representing varying degrees of government control. The Anarchists, as evident from the name, believe in zero intervention

Donald Trump: From Casino Magnate to Presidential Candidate

Donald Trump: From Casino Magnate to Presidential Candidate

Posted by: on Sep 14, 2015 | No Comments

Donald Trump came to be known all over the world for his sardonic humor and his magnetic personality when he starred in the famous television show, The Apprentice. Having first aired in 2004, the show ran for 14 seasons in two formats, The

Free Market Thinkers who Won the Sveriges Riksbank Prize in Economic Sciences

Free Market Thinkers who Won the Sveriges Riksbank Prize in Economic Sciences

Posted by: on Sep 7, 2015 | No Comments

In The Making of Modern Economics: The Lives and Ideas of Great Thinkers, Mark Skousen, the esteemed economic analyst, stated that the Swedes mostly rewarded free-market economists. The Swedish Central Bank started the Prize

Visa Restrictions from China Sharply Hit Macau’s Growth

Visa Restrictions from China Sharply Hit Macau’s Growth

Posted by: on May 6, 2015 | No Comments

Macau’s growth has been sharply hit as anti-corruption regulations in China, along with a ban on smoking in the Macau casinos and visa restrictions for gambling in Macau

On Joseph Schumpeter’s Idea of Creative Destruction

On Joseph Schumpeter’s Idea of Creative Destruction

Posted by: on Apr 29, 2015 | No Comments

Creative destruction refers to the continuous product and process innovation mechanism by which new units of production replace outdated ones.