100 Billionaires In Beijing Alone

Real talk from former Australian Prime Minister Paul Keating on the strategic outlook for Australia in Asia, the rise of China, and the likely future military balance of power in the Pacific region. More from the Australian strategic viewpoint. Balance of power in the Western Pacific. From the YouTube transcript: 29:18 [Eventually… Total] Chinese GDP is twice as …

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Imperial exams and human capital

The dangers of rent seeking and the educational signaling trap. Although the imperial examinations were probably g loaded (and hence supplied the bureaucracy with talented administrators for hundreds of years), it would have been better to examine candidates on useful knowledge, which every participant would then acquire to some degree. See also Les Grandes Ecoles …

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