British Empire

Question about economic freedom and British history

1 Comment / Culture, Economics, History / Stephen Hicks

According to the 2014 Heritage index, the six most economically free nations are Hong Kong, Singapore, Australia, Switzerland, New Zealand, and Canada. Question: Is it a coincidence that five of the six are former British colonies? Follow-up questions: * If not a coincidence, what did the British do in their colonies to enable this legacy […]

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Successful nations and the British empire

8 Comments / Economics, Philosophy, Politics / Stephen Hicks

One measure of a nation’s success is its economic health: how free are a nation’s citizens to pursue their own economic goals, and how wealthy on average are its citizens? Almost always the wealthy countries are those that enjoy a significant degree of the economic freedom. (See the chart in the image; click to enlarge.)

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