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China, Asia, and the New World Economy

Barry Eichengreen, Yung Chul Park, and Charles Wyplosz (eds)

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199235889
eISBN:
9780191717109
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199235889.001.0001
Subject:
Economics and Finance, South and East Asia

The rise of Asia, and China specifically, is the single most important force reshaping the world economy at the beginning of the 21st century. From a low of 20% in 1950, Asia's share of global GDP ... More


Toward a General Theory of Consumerism: Reflections on Keynes’s Economic Possibilities for our Grandchildren

Joseph E. Stiglitz

in Revisiting Keynes: Economic Possibilities for Our Grandchildren

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262162494
eISBN:
9780262281331
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262162494.003.0004
Subject:
Economics and Finance, Econometrics

This chapter demonstrates how Keynes underestimated the pace of innovation as well as the rate at which capital could be accumulated and invested well. The possibility of solving “the economic ... More


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