With that foundation, the chapter details policy prescriptions to elevate economic freedom and promote entrepreneurship, while cautioning against excessive zeal in “promoting” entrepreneurship via political means. Classically liberal Constitutions may not rescue global entrepreneurship in the short run, but incremental steps today can certainly lay important groundwork to elevate global prosperity. That wealth created by entrepreneurs in turn forms the foundation for future entrepreneurs to establish even greater wealth and well-being. Numerous pressures can constitute barriers to entrepreneurship, such as economic, labor and environmental regulation; “competition policy”; frontier sector regulation; rent-seeking and more. Halting further encroachment of over-regulation, and maximizing economic freedom around the world to unleash entrepreneurship, constitutes Liberty’s Unfinished Business.

Source: Forbes June 04, 2018 14:46 UTC