Freedom,boldness, and economic creativity

The improvement of mankind’s material well-being in a scarcity world is an unending struggle. It is no small, easy task but rather an arduous, difficult, continuous endeavor. Over time, the betterment of man’s condition requires, at a minimum, that economic growth outstrip population expansion. Although economic growth is so important, it is by no means automatic. Rapid economic growth is the outcome of a fine-tuned interaction between mankind and his environment. Maintaining sustained high levels of economic growth depends critically on the product of man’s genius and imagination — technological progress or economic creativity. It is therefore of the utmost importance to identify the determinants of technological improvement, the conditions under which it flourishes, and the characteristics of human beings that foster its development. This paper looks across countries to assess the effect of two potential factors, freedom and boldness, on economic creativity. He has a Ph.D. in economics from the University of Pittsburgh and has published articles on a wide variety of economics topics. His current research interests include the areas of economic growth, economic development, international trade, and global income distribution.