The Measurement and Importance of Economic Freedom

Since the initial publication of the Economic Freedom of the World report in 1996, numerous scholarly studies have used the data to examine the impact of economic freedom on investment, economic growth, income levels, and poverty rates. Virtually without exception, these studies have found that countries with institutions and policies more consistent with economic freedom have higher investment rates, more rapid economic growth, higher income levels, and a more rapid reduction in poverty rates.

From the Classroom: Engaging Statistics Students Who (Think They) Hate Math

Frankly speaking, most students don’t want to take math classes. I’m sure most of my students can recall vowing to never take another math class again after their Algebra 2 finals in high school. Imagine their disappointment when they learned that my Social Statistics course was a requirement needed to earn their undergraduate sociology degree….