Do social scientists have the tools to measure the effects of free economic institutions? Ram (2014) raises concerns regarding the reliability of the two major sources that measure economic freedom. This comment shows that there is little reason to be any more alarmed about our ability to measure economic freedom than about our ability to measure other aspects of institutional quality, such as democracy.
Keywords: economic freedom, Fraser Institute, Heritage Foundation, human development
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Murphy, Ryan, "A Comment on “Measuring Economic Freedom: A Comparison of Two Major Sources”" (2016). O'Neil Center for Global Markets and Freedom Research. 1.