Measuring the degree of socialism

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Anonymous
Measuring the degree of socialism 2016-10-15 15:45:58 Post No.
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Measuring the degree of socialism Anonymous 2016-10-15 15:45:58 Post No. [Report]

Have economists developed any "scale" to determine how capitalist vs socialist a country is? By that I mean, is there any way to measure exactly how much of the economy is controlled by the government? I would imagine that in the Soviet Union, government control would be something like 90% whereas in the US it would be something like 30%. But it would be nice if there was a better way to measure this. Has any such system ever been developed?

Anonymous 2016-10-15 16:06:10 Post No.1828946
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Anonymous 2016-10-15 16:06:10 Post No.1828946 [Report]

>>1828880
This is a good question.
Good questions come here to die rather than achieve fruition.

Anonymous 2016-10-15 16:14:01 Post No.1828969
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Anonymous 2016-10-15 16:14:01 Post No.1828969 [Report]

I think the closest thing to this is government spending as a percentage of GDP, but that's not perfect.
https://en.wikipedia.org/wiki/Government_spending#As_a_percentage_of_GDP

Anonymous 2016-10-15 16:24:48 Post No.1829004
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Anonymous 2016-10-15 16:24:48 Post No.1829004 [Report]

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>>1828969

Okay. That was good, but I checked the page for sources and apparently all the data for that page comes from the Heritage Foundation which is a Republican think tank. I'm not sure if their measurements are entirely objective, but the fact sheet seems good enough. Thanks.

Anonymous 2016-10-15 16:52:39 Post No.1829091
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Anonymous 2016-10-15 16:52:39 Post No.1829091 [Report]