Affiliation:
1. University of Debrecen
Abstract
In this paper, we develop a conceptual framework for an understanding of economic freedom based on Hayek (1960), and, as a step further we propose a categorization of government actions, which allows us to conceptualize the measurement of economic freedom in a different way from that of the indexes of economic freedom. This method of proceeding, that is “theoretical framework first, and measurement after, if possible” differs from the one adopted by those who have constructed the indexes of economic freedom. An advantage of our concept of economic freedom is that it is compatible with a theory of growth, and this being so, it provides additional insights to a better understanding of how economic freedom leads to growth.
Reference51 articles.
1. Bardhan, P. (1997). Corruption and Development: A Review of Issues. Journal of Economic Literature, 35(3), 1320-1346.
2. Bardhan, P. (2006). The Economist’s Approach to the Problem of Corruption. World Development, 34(2), 341-348.
3. Barzel, Y. (2000). Property Rights and the Evolution of the State. Economics of Governance, 1, 25-51.
4. Barzel, Y. (2002). A Theory of the State: Economic Rights, Legal Rights, and the Scope of the State. Cambridge: Cambridge University Press.
5. Benson, B. L. (1998). Economic Freedom and the Evolution of Law. Cato Journal, 18(2), 209-232.