Celebrating humanity's flourishing through the spread of capitalism and the rule of law
05 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economics of crime, economics of regulation, growth disasters, industrial organisation, law and economics, property rights Tags: capitalism and freedom, Greece, rule of law, Russia
Figure 1: Index of Economic Freedom rankings for legal systems and property rights, Greece, Russia and USA, 2012
Source: Economic Freedom of the World – Annual Report 2014 | www.freetheworld.com.
Overall, there are not that many differences between Greece and Russia in the quality of their legal systems and property rights. Don’t go to the police in Russia and good luck trying to enforce contracts in Greece.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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