The Road To Prosperity

The Road to Prosperity argues that traditional growth theories are outdated, and provides an alternative, 21st century model of development. Aimed at students and economists, but it is also accessible to the general reader.

Preface

iii

Edwin J. Feulner

Introduction A New Way of Thinking About Economic Development: The Origins of The Road to Prosperity

1

(12)

Marc A. Miles

The World Bank as Foundation: Development Without Debt

13

(16)

Adam Lerrick

Why Economic Freedom, Not Aid, Is the Answer to Poverty

29

(24)

Ana Isabel Eiras

Economic and Political Freedom: The Keys to Development

53

(24)

Richard Roll

Open Trade: An Important Milestone on the Road to Prosperity

77

(22)

Daniel T. Griswold

Law and Property Outside the West: A Few New Ideas About Fighting Poverty

99

(22)

Hernando de Soto

Stable Money: A Critical Step on the Road to Economic Freedom and Prosperity

121

(26)

Marc A. Miles

Taxation and Economic Development

147

(38)

Arthur B. Laffer

Capital Controls, Vulnerability, and Economic Performance

185

(24)

Sebastian Edwards

Economic Growth Across Countries

209

(38)

Robert J. Barro

Free Trade Now: The Case for a Global Free Trade Association

247

(14)

Sara Fitzgerald Cooper

Acknowledgments

261

(2)

Contributors

263

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The Road To Prosperity

Summary

Table of Contents

Supplemental Materials