Equality, Liberty, and Prosperity

ANTONY DAVIES, JAMES R. HARRIGAN, AND MEGAN TEAGUE
SOCIAL PHILOSOPHY AND POLICY 31.2 (2015): 180-203

Those who advocate for equality of outcome tend to argue against economic freedom. But the fact that economic freedom causes unequal outcomes does not imply that less economic freedom causes less unequal, or even preferable outcomes. It is possible that the tools and methods we use to restrict economic freedom may themselves promote unequal outcomes. The authors argue that the data suggest economic freedom promotes less inequality of outcome than do systems that repress economic freedom. Where practical economic choices are concerned, what matters is not the comparison of economic freedom to the ideal, but to the alternative. According to the authors, the alternative to economic freedom not only attains less equality of opportunity, it also attains less equality of outcome and a lower level of outcome.