Chinese Prosperity
Explore the challenges of measuring Chinese prosperity and the potential for future growth in China, as discussed by Ronald Coase and Russ Roberts. They discuss the improvement in the standard of living in China, the uncertainty surrounding accurate measurements, and the potential for further growth. They also address misconceptions about the impact of China's success on the United States.In this clip
From this podcast
EconTalk
Ronald Coase on Externalities, the Firm, and the State of Economics
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