Tuesday, May. 10, 2005 at 7:55 AM
Conservative economists worship the market, but don’t like to talk about China, where state control over capital allocation and rigid controls on currency exchange rates have produced a record rate of economic growth.
Economists, particularly economists on the right, love to sound off about the alleged wonders of the market.
There is one area, however, where they are remarkably silent, and that is China.