China has a celebrated history of policy experiments
Still, researchers find it could improve how it does them
IN MAY 1919 John Dewey, an American philosopher, embarked on a lecture tour of China. “We are going to see more of the dangerous daring side of life here,” he predicted. His celebration of learning by doing and social experimentation was enthusiastically received by the country’s daring reformers and dangerous revolutionaries. At least one of his lectures was attended by a young schoolteacher called Mao Zedong. “Everything through experimentation,” Dewey declared on his tour. Chairman Mao would later repeat the line as China’s ruler.
This article appeared in the Finance & economics section of the print edition under the headline “Red swan over China”
Finance & economics April 9th 2022
- Are labour markets in the rich world too tight?
- The Federal Reserve prepares for quantitative tightening
- The American property market is once again looking bubbly
- Bonds signal recession. Stocks have been buoyant. What gives?
- Omicron is dealing a big blow to China’s economy
- HDFC Bank’s merger marks a milestone for India
- Has the pound become emerging-market money?
- China has a celebrated history of policy experiments
More from Finance & economics
Will America’s crypto frenzy end in disaster?
Donald Trump’s team is about to bring digital finance into the mainstream
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt