A film by Prabodh and Centre for Public Policy Research under the banner of Liberal Youth South Asia, Directed by Saumitra Rath

About the film

The Third Wheel is a new documentary film on economic freedom for the auto-rickshaws (tuk tuk) in Delhi produced by members of EFN Asia, with the support of the Friedrich Naumann Foundation for Liberty (India Office).

Auto rickshaws are a common sight in most Indian cities. Known as the transporter for the lower and middle class, they are an integral part of the transportation system of the country. However, one wonders why there has been little improvement in their design or why they seem to be guilty of overcharging their customers and flouting the laws. In India, as is the case with most professions, the auto-rickshaw is governed by a licensing system which has produced the unintended consequences, mainly being, financial mafia.

The Hayek Essay Contest of the Mont Pelerin Society is now open to all individuals 35 years old or younger. 

The question to answer is

"Examine whether authoritarian capitalism is a viable alternative to its Western liberal version, to promote long term economic growth and development."

"While the importance of property rights to economic health is more widely understood than ever before, considerable room for improvement remains"

Hernando de Soto

The 2010 International Property Rights Index (IPRI) is an annual study that compares countries in terms of their protection of property rights, both physical and intellectual. IPRI was first released in 2007, under the Hernando de Soto Fellowship program, by the Property Rights Alliance. In order to incorporate and grasp the important aspects related to property rights protection, the Index focuses on three areas: Legal and Political Environment (LP), Physical Property Rights (PPR), and Intellectual Property Rights (IPR).