Tuesday, July 17, 2007

Glorious theorizing...

Brad DeLong, an wonderfully well-qualified economist waxes on in an ex-post narrative of how modern China got the way it did...largely through the efforts of one benevolent dictator. This is a great article for showcasing confirmation bias and the tendency for brilliant people with PhDs to make grand "hand-waiving" arguments when the real causes are much more likely to be parochial and formed by spontaneous order.


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