Comment of the Day: Grizzled: "I just read How Asia Works by Joe Studwell. I don't know what economists think of the book (although considering what he thinks of economists I would guess they're not that enthusiastic). But the accounts he gives of successful asian development don't seem to emphasize absolute property rights. Property rights, sort of, but in an environment set up by the state. This is particularly true in the finance sector; they do what they're told to do...
#commentoftheday
