Empirical Measures of Economic Freedom

From: W
Sent: Saturday
To: Wblock@loyno.edu
Subject: Measure of gov manipulation in markets

Hello Dr. Block,

We spoke after your talk to LPMC today.

I was asking how to get a measure of how the government interferes in the markets in ways not generally recognized- the size of the ESF and how it is used, agreements between central banks to purchase stocks etc., and how much this invalidates mainstream financial analysis.

Thanks for your attention! W

Dear W:

You’re asking for an empirical measure of the level of government interference. This is the closest I can come to that sort of measurement, even though it is not exactly on point.

Gwartney, James, Robert W. Lawson and Walter E. Block. 1996. Economic Freedom of the World, 1975-1995; Vancouver, B.C. Canada: the Fraser Institute (308 pages); http://www.amazon.ca/Economic-freedom-world-1975-1995-Gwartney/dp/0889751579/ref=sr_1_1?s=books&ie=UTF8&qid=1336605884&sr=1-1; http://www.fraserinstitute.ca/pdf/catalogue.pdf; isbn: 0-88975-157-9; http://www.fraserinstitute.org/researchandpublications/publications/7094.aspx; http://www.fraserinstitute.org/research/economic-freedom-of-the-world-1975-1995

There have been many follow up books to this one. For example:

Lawson, Robert. Economic Freedom of the World: 2003 Annual Report, with James Gwartney. (Vancouver: The Fraser Institute), 2003.

For more go here:


Best regards,



1:57 pm on November 11, 2018