hyperinflation in centrally planned economies: the Chinese exception
Louis R Godena
louisgodena at ids.net
Fri Oct 11 19:32:25 MDT 1996
Looking back over my bibliography, I note an excellent piece by Martin Wolf
in the November 13, 1995 *Financial Times* (Markets section, p. 24) that
uses the exact figures I presented in my post. This, in addition to the
other sources cited in my post [Yasheng Huang, *Inflation & Investment
Controls in China* (1996: Cambridge University Press; Wm A Byrd and Allen
Gelb, "Why Industrialize? The Incentives for Rural Community Governments,
" in Byrd and Lin Qinsong, eds., *China's Rural Industry* (1990: Oxford
University Press, for the World Bank)]
May I also suggest, by way of background, Victor Nee, "Peasant
Entrepreneurship and the Politics of Regulation in China, " in Nee & David
Stark, eds., *Remaking the Economic Institutions of Socialism* (1989:
Stanford University Press).
I took exception to Mr Rosser's careless insinuation that I was passing off
half-ass work onto the list members. Certainly one of the most important
functions of this or any list is to suggest discussion based on as adequate
a data base as possible. This I feel I have always done.
My apologies to Mr Rosser if I overreacted.
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