Ten Economics Pieces Worth Reading: February 8, 2010
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Best Thing I Have Read Today: Mark Elvin (1972), "The High Level Equilibrium Trap"

China had its commercial, its "industrious" revolution long, long before northwestern Europe did. And yet, and yet, and yet...

Mark Elvin (1972), "The High Level Equilibrium Trap: The Causes of the Decline in Invention in the Traditional Chinese Textile Industries," in William E. Wilmott, ed. (1972), Economic Organization in Chinese Society (Palo Alto: Stanford: 0804707944).

Download now or preview on posterous: Mark Levin.pdf (8877 KB).