A Nobel Prize for Republican Policies

Three economists — just in time for the electoral homestretch in America — win for work demonstrating a principle that Democrats abandoned.

Christine Olsson/TT News Agency via AP
The announcement on October 14, 2024 of the winners, seen on screen, of the Nobel prize in economics. Christine Olsson/TT News Agency via AP

It’s nice to see the Nobel Prize in Economics go to three scholars who have, as the Associated Press puts it, “found that freer societies are more likely to prosper.” It vindicates one of our favorite pronouncements — from, of all people, President Carter * — that “The great democracies are not free because we are strong and prosperous. I believe we are strong and influential and prosperous because we are free.”

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