Law and economic growth

- In a review of the literature, Mueller (2003) finds that only 5 of 71 studies found state-owned companies outperformed their private counterparts.

- Koller (1971) - of 26 cases since 1890 of predatory pricing, only 7 were true cases of predatory pricing, and only 4 were successful

- - · Nonsocialist countries are significantly freer, in terms of both civil rights and the enjoyment of democracy, than socialist (Marxist) countries. · Non-Muslim countries are significantly freer than Muslim countries. · Countries with an independent judiciary (rule of law) have substantially more liberty than those without such a judiciary. · After we removed the Muslim and communist countries, we found that common law is associated with significantly more political freedom than civil law (a ranking of 2.99 vs. 4.05). - s. 4.05). (Law, Liberty and Economic Growth by Gerald W. Scully NCPA Policy Report No. 189 December 1994)

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