Ron Fuchs of the Reeves Center hosted us in the Watson Pavilion to hear of the China export trade. He privaleged us with the opportunity to handle a piece from the dinner service of Pres George Washington and Gen Robert E Lee on Founders Day.
Note the many economic themes: the Chinese government exercise of its monopoly, the comparative advantage plus costs of trade that left it difficult for foreign purchasers to pay other than in silver, the co-location externality that made Jingdezhen (景德镇) a world center for nearly a millennium; the “manufactory” organization that predated anything in Europe; the economics of the China trade, that had the potential to generate great wealth for entrepreneurs in a in a little over a decade; and the diffusion of themes and (eventually) the reinvention of how to make porcelain by Europeans in the early 18th century.
Go back on your own, peruse the panorama painted by the late Prof. Ju I-Hsiung of the production process; and see many, many more examples.
Query: what impact would the rise in incomes in China have on the modern city? Here’s one story, from CNN travel — and I use the word “story” deliberately. Still, as an economics study, do they back their claims with an analytic model?