Author Archives: the prof

About the prof

Prof of Economics, Wms School of Commerce, Washington and Lee University, Lexington VA

China’s Future

Today’s powerpoint Chinas Future. I left in the agriculture elasticities slide and other details that we covered earlier in the term. I added details to the open economy savings-investment balance (S-I) + (T-G) = (X-M) to the end.

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Environmental Issues: Sources

This is the Urban China book in the link on the right – at 550 pages it was too much to assign in class, this chapter alone is 100 pages. Most of the “green” part is on air pollution, including … Continue reading

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Shanzhai innovation

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Paper for Guest Speaker

Download Murphree & Breznitz

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Proofreading your own stuff

You – like this post author – are “…almost incapable of reading anything that [you’ve] written before. It’s just too boring when you already know what the next sentence is going to say; at best [you] can skim. So it’s … Continue reading

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News Links

I use Del.icio.us to create a list of news items relevant for the course. You can find those on the right – I use a pre-made “widget” that includes an ad. (A second version should be at the bottom of … Continue reading

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Exchange rates: Updated

An early topic this term will be foreign exchange rates. After all, we need/want to be able to compare China to other countries, and to understand trade and international finance issues. So here’s a bit of perspective. We also need … Continue reading

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Texts: Will Update With 1-2 more

Peter Hessler, 2010. Country Driving. NY: HarperCollins. ISBN 978-0-06-180409-0 but also in other formats.

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Winter 2017: MWF 2:30-3:25 pm

This course is targeted at students who have had Economics 101 and 102 (the “Principles” sequence) though in the past motivated students with an interest in China but little economics background have done well. China’s growth is slowing from real … Continue reading

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The Panama Papers

There is a fascinating web site put up by the consortium of journalists working with the Mossack Fonseca papers. The home page is at panamapapers.icij.org with a signup page for new updates. The files they have go back 40 years, … Continue reading

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Recent IMF resources

March 21, 2016 Press Release: IMF Managing Director Concludes Visit to China March 20, 2016 Opening Remarks at the 2016 China Development Forum: China in the New Five-Year Plan March 20, 2016 Accelerating Reforms to Establish a Risk Prevention System … Continue reading

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Followup on Ghost Cities

See this 2013 snippet in which the author is visiting a “ghost city” publicized on 60 Minutes. He shows the program segment to bemused residents – the same day it first aired! It’s not just an exercise in debunking, because … Continue reading

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What depreciation? A bit against the dollar, but we shouldn’t be so parochial as to think we’re China’s only trading partner! Over the past two years the dollar has appreciated against the currencies of many of China’s other major trading partners … Continue reading

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Here are the directions, address and phone number for Canton. Click to enlarge.

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Video for next week

Please watch the three part “Heart of the Dragon” series. The total length is just under an hour. For those into classic technology – do any of you actually have a videocassette player? – Leyburn has the entire series in … Continue reading

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