tag:blogger.com,1999:blog-7464708.post237834876283516716..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: If China Invents Better Solar Panels, We All BenefitMungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7464708.post-37812856013799112992011-04-18T18:52:09.707-04:002011-04-18T18:52:09.707-04:00Haven't read the paper, but merging the abstra...Haven't read the paper, but merging the abstract with other recent discussion, does that mean that the Great Stagnation will only be overcome if the US transitions to full-on empire, with an imperial-preference trading system?<br /><br />Or, paradoxically, that technological development that leads to growth is more likely when the world is less integrated?<br /><br />I'm not sure that this -- "Britain's wage and price structure was the result of the country's success in international trade, and that owed much to mercantilism and imperialism" -- is evidence that Angus is right, unless by "right" you mean that China controls the global political economy for a few centuries until a series of global depressions and world wars leads to a shift in power. <br /><br />Guess I need to read the paper now.Kindred Winecoffhttps://www.blogger.com/profile/14330671232391851377noreply@blogger.com