
Lessons from the Poor
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It is this issue that internationally acclaimed political analyst Alvaro Vargas Llosa and a select group of economists examine in a series of case studies from around the world. These studies reveal that entrepreneurial energy can be a persistent catalyst for change. But unfortunately in societies dominated by political corruption and unnecessary regulation, men and women seeking to innovate must hurdle a series of challenges. Wealth transfer, favoritism, excessive taxation, and lack of institutional security all conspire against progress. Our contributors examine real world examples of entrepreneurship and argue that instead of redistributing existing wealth, developing countries should start working to create it.
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James D. Gwartney (1940-2024) was Professor of Economics, holder of the Gus A. Stavros Eminent Scholar Chair, and Director of the Stavros Center for the Advancement of Free Enterprise and Economic Education at Florida State University. He received his Ph.D. in economics from the University of Washington, and he is co-author of the annual report from the Fraser Institute, Economic Freedom of the World, for which the Independent Institute is Associate Member Sponsor.
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