Tag Archives: economic growth

A World of Elites

By mitchell b powell | Published: 1619, 18th May, 2012
I spent my entire childhood below the US poverty line, and yet my family of eleven enjoyed a lifestyle which medieval kings could only dream of. The only two things a medieval king would have that we did not would be land and the ability to call servants. In every other way our standard of [...]
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is china’s spectacular recent growth a mirage?

By mitchell b powell | Published: 1617, 15th April, 2010
No, that’s not quite right.  We know China’s been undergoing some massive growth in recent years–real growth fueled by economic liberalization and technological progress.  So a more accurate way to ask this would be:  are the numbers we have seen for Chinese economic growth lately deceptive because they are part of an inflationary boom cycle [...]
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