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    • Societies with high levels of political freedom

      • The Hayek-Friedman Hypothesis, which is central to discussions of the association between economic and political institutions, states that societies with high levels of political freedom, i.e. democratic rights to vote and run for election extended to all adults, must also maintain relatively high levels of economic freedom.
      papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2754651_code341059.pdf?abstractid=2754651

      Hayek-Friedman in the Press - SSRN

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  3. www.sciencedirect.com › science › articleExamining the Hayek–Friedman hypothesis on economic and ...

    Jun 1, 2010 · This paper examines empirically the hypothesis made famous by Nobel Laureates Friedrich A. Hayek and Milton Friedman that societies with high levels of political freedom must also have high levels of economic freedom.

  4. papers.ssrn.com › sol3 › papersYou Have Nothing to Lose but Your Chains? Re-examining ... - SSRN

    Jan 10, 2023 · Is capitalism a necessary condition for political freedom? Friedrich Hayek and Milton Friedman argued that capitalism is necessary for political freedom in what is now known as the Hayek-Friedman Hypothesis.

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    • (PDF) The Hayek-Friedman Hypothesis through the Lens of the Theory of ...
    • PPT - Lecture 2Hayek Hypothesis and Institution as a Variable ...
    • PPT - Adapted from “Hayek and Friedman” Edward Elgar Companion to ...
    • (PDF) Social orders, and a weak form of the Hayek–Friedman Hypothesis
    • (PDF) Social orders, and a weak form of the Hayek-Friedman Hypothesis ...
    • PPT - Adapted from “Hayek and Friedman” Edward Elgar Companion to ...

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  6. journals.plos.org › plosone › articleTesting the Hayek hypothesis: Recent theoretical and ... - PLOS

    Jul 14, 2022 · The most important prediction, which Vernon Smith [2] called the ‘Hayek hypothesis’, is that the gains from trade can be realized in the presence of diffuse, decentralized information, and in the absence of price-taking behavior and centralized market direction (see [3] for a more follow-up test).

  7. link.springer.com › chapter › 10Hayek and Friedman: The Neo-Classical Economics Reset - Springer

    Jul 4, 2023 · Hayek and Friedman urged a return to classical micro-economic principles embodied in free efficient markets where price and the value of wages are knowledge and the consumer is sovereign. Law, liberty and property are the ‘indispensable trinity’ supporting the market.

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  9. www.researchgate.net › publication › 222397638Examining the Hayek–Friedman Hypothesis on Economic and ...

    Jun 1, 2010 · The Hayek-Friedman-hypothesis rules out the concomitance of democracy with low scores of economic freedom; no democracy, as Friedman states, has ever established a planned...

  10. www.cambridge.org › core › journalsThe Hayek–Friedman hypothesis on the press: is there an ...

    The Hayek–Friedman hypothesis states that economic freedom is causally associated with stable democracy. I test a particular element of the hypothesis focusing on press freedom, which is arguably a necessary component of any democratic polity.

  11. papers.ssrn.com › sol3 › DeliveryHayek-Friedman in the Press - SSRN

    The Hayek-Friedman Hypothesis, which is central to discussions of the association between economic and political institutions, states that societies with high levels of political freedom, i.e. democratic rights to vote and run for election extended to all adults, must also maintain relatively high

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