(1) Whither China? Part III: Policy hubris and the end of infallibility - 0 views
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China’s economy is in trouble because its authoritarian demons are catching up with it and paralyzing the private sector.
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China’s economy is in trouble because its growth model exhausted itself and entrenched power structures make it hard to shift gear.
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Both are very powerful explanations rooted in well-established social scientific models - institutional economics and Keynesian macro, respectively.
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