Ronald Coase on Externalities, the Firm, and the State of Economics
EconTalk
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Economic Perspectives on China's Transformation
The chapter delves into the speaker's contrasting economic opinions with Buchanan, Tullock, and Nutter, before shifting focus to the unique features of China's shift to a capitalist economy. It explores China's evolving economic landscape, including the role of the government, challenges in accurate economic measurement, predictions for future growth, and China's potential as an innovative, patent-driven economy.
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