In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.
In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.
In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.
06/30/2020Quarterly Journal of Austrian EconomicsDavid Gordon
David Gordon reviews Prosperity and Liberty , a compilation of essays on Venezuela's wrecked economy and plans for reconstruction, edited by Rafael Acevedo.
06/29/2020Quarterly Journal of Austrian EconomicsGeorge Pickering
George Pickering reviews the Policy Reform Group's Beyond Brexit: A Programme for UK Reform , a series of essays on the Great Recession and Britain's retreat from the global economy's forefront.
05/20/2020Quarterly Journal of Austrian EconomicsDavid Gordon
David Gordon reviews John Quiggin's "Economics in Two Lessons," an effort to correct Hazlitt's "Economics in One Lesson" by adding "important truths about the limitations of the market."
