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Economic Freedom and Quality of Life Impacts

Economic Freedom and Quality of Life Impacts
Author: Racel S. Bauer
Publisher:
Total Pages: 40
Release: 2016
Genre: Free enterprise
ISBN:

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The “invisible hand” is a concept foundational to the argument for free market economics, and so is hotly debated. One measure of whether or not the free market is a successful economic model is the quality of life of a country’s residents. Quality of life can be assessed through the areas of housing, labor, health, and education. Economic indicators and quality of life statistics for Hong Kong, the United States, China, and Venezuela appear to prove that there is a correlation between quality of life and economic freedom, as defined by the Heritage Foundation’s Index of Economic Freedom. Even though countries with more economic freedom also have a higher degree of inequality, it is balanced out by overall higher quality of life.


An Analysis of Institutions, Economic Freedom, and the Quality of Life

An Analysis of Institutions, Economic Freedom, and the Quality of Life
Author: Nathan J. Ashby
Publisher:
Total Pages: 130
Release: 2006
Genre:
ISBN:

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The impact of economic freedom on the quality of life is the subject of interest for this dissertation. Three separate studies are conducted. The first of these studies in Chapter 2 analyzes the impact of economic freedom on the quality of life in an international panel data study between 1985 and 2000. It is found that economic freedom and in particular well-defined property rights and limited regulation lead to improvement in the quality of life using the Index of Human Progress, an index made up income, health and education indicators, and access to modern technology for individuals in a given country. Chapter 3 contains the second study, a cross-sectional analysis of migration of individuals between the ages of 20 and 59 in the United States between the lower 48 states between 1995 and 2000. The impact of economic freedom on migration as well as other control variables is measured and it is found that economic freedom has a positive impact on the decision to migrate in aggregate. After decomposing the index into the raw data, it is found that individuals move towards states with less restrictive minimum wages, less restrictive tax rates for the top income group, less unionization, and less dependence on public employment. It also found that individuals migrate towards states with relatively higher expenditures by government. Chapter 4 contains the last of three studies. This essay is an analysis of positive changes in economic freedom on income and income growth for the lowest, middle, and highest quintiles of income in the lower 48 states between 1980 and 2003. It is found that economic freedom has significant impacts on income levels and growth rates for all three groups. However, the results are the strongest for the lowest and middle quintiles. The share of income held by the lowest quintile increases as a result of improvements in economic freedom whereas the same change will lower the share of income held by the highest quintile. It is found that inequality between the highest income quintile and the lowest quintile in the United States is lowered by improvements in economic freedom.


The Macroeconomics of Happiness

The Macroeconomics of Happiness
Author: Rafael Di Tella
Publisher:
Total Pages: 48
Release: 1997
Genre: Calidad de vida
ISBN:

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Communities in Action

Communities in Action
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 583
Release: 2017-04-27
Genre: Medical
ISBN: 0309452961

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In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.


Economic Dignity

Economic Dignity
Author: Gene Sperling
Publisher: Penguin
Total Pages: 385
Release: 2021-10-12
Genre: Political Science
ISBN: 1984879898

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“Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.


Economic Freedom, Democracy and the Quality of Life

Economic Freedom, Democracy and the Quality of Life
Author:
Publisher:
Total Pages: 0
Release: 2010
Genre:
ISBN:

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Capitalism and democracy are both known to improve the quality of life. But which is more effective in promoting social welfare? Three typical measures of social welfare are health, education and disease prevention. Poor countries generally rank lower than developed countries on these social metrics, but better public policies can improve them.


Freedom and the Pursuit of Happiness

Freedom and the Pursuit of Happiness
Author: Sebastiano Bavetta
Publisher: Cambridge University Press
Total Pages: 255
Release: 2014-10-06
Genre: Political Science
ISBN: 1139992597

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This book is about the relationship between different concepts of freedom and happiness. The book's authors distinguish three concepts for which an empirical measure exists: opportunity to choose (negative freedom), capability to choose (positive freedom), and autonomy to choose (autonomy freedom). They also provide a comprehensive account of the relationship between freedom and well-being by comparing channels through which freedoms affect quality of life. The book also explores whether the different conceptions of freedom complement or replace each other in the determination of the level of well-being. In so doing, the authors make freedoms a tool for policy making and are able to say which conception is the most effective for well-being, as circumstances change. The results have implications for a justification of a free society: maximizing freedoms is good for its favorable consequences upon individual well-being, a fundamental value for the judgment of human advantage.


Approaching Death

Approaching Death
Author: Committee on Care at the End of Life
Publisher: National Academies Press
Total Pages: 457
Release: 1997-10-30
Genre: Medical
ISBN: 0309518253

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When the end of life makes its inevitable appearance, people should be able to expect reliable, humane, and effective caregiving. Yet too many dying people suffer unnecessarily. While an "overtreated" dying is feared, untreated pain or emotional abandonment are equally frightening. Approaching Death reflects a wide-ranging effort to understand what we know about care at the end of life, what we have yet to learn, and what we know but do not adequately apply. It seeks to build understanding of what constitutes good care for the dying and offers recommendations to decisionmakers that address specific barriers to achieving good care. This volume offers a profile of when, where, and how Americans die. It examines the dimensions of caring at the end of life: Determining diagnosis and prognosis and communicating these to patient and family. Establishing clinical and personal goals. Matching physical, psychological, spiritual, and practical care strategies to the patient's values and circumstances. Approaching Death considers the dying experience in hospitals, nursing homes, and other settings and the role of interdisciplinary teams and managed care. It offers perspectives on quality measurement and improvement, the role of practice guidelines, cost concerns, and legal issues such as assisted suicide. The book proposes how health professionals can become better prepared to care well for those who are dying and to understand that these are not patients for whom "nothing can be done."


Development as Freedom

Development as Freedom
Author: Amartya Sen
Publisher: Anchor
Total Pages: 385
Release: 2011-05-25
Genre: Business & Economics
ISBN: 030787429X

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By the winner of the 1988 Nobel Prize in Economics, an essential and paradigm-altering framework for understanding economic development--for both rich and poor--in the twenty-first century. Freedom, Sen argues, is both the end and most efficient means of sustaining economic life and the key to securing the general welfare of the world's entire population. Releasing the idea of individual freedom from association with any particular historical, intellectual, political, or religious tradition, Sen clearly demonstrates its current applicability and possibilities. In the new global economy, where, despite unprecedented increases in overall opulence, the contemporary world denies elementary freedoms to vast numbers--perhaps even the majority of people--he concludes, it is still possible to practically and optimistically restain a sense of social accountability. Development as Freedom is essential reading.


The Index of Economic Freedom

The Index of Economic Freedom
Author: Bryan T. Johnson
Publisher:
Total Pages: 253
Release: 1995-01-01
Genre: Asia
ISBN: 9780891952336

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The 1995 index of economic freedom / by Bryan T. Johnson and Thomas P. Sheehy.