Munger’s criticism in this issue of The Independent Review gives the author an opportunity to clarify why cases of “actually existing socialism” can be identified with help from the Economic Freedom of the World Index and the State Economic Modernity Index. The first index focuses on a necessary condition of socialism (low economic freedom), whereas the second index helps in excluding non-socialist states with low economic freedom.
Reply to Michael C. Munger
By Ryan H. Murphy
This
article
appeared in
the Fall 2018 issue of The Independent Review.
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| Other Independent Review articles by Ryan H. Murphy | |
| Fall 2018 | The Best Cases of “Actually Existing Socialism” |
| Fall 2017 | The Diseconomies of Do-It-Yourself |
| Winter 2014/15 | The Unconstrained Vision of Nassim Taleb |
