A Foe of Keynesian Stimulus Gains Respect in China

Zhang Weiying: China’s Anti-Keynesian Insurgent

This is an excellent article from the Wall Street Journal’s Abheek Bhattacharya about the rise in China of an Austrian school economist.  China’s free market reforms were sidetracked by a resurgence of Keynesian stimulus.  But now this is increasingly seen by many in China’s leadership as a mistake; i.e., that Keynesian stimulus did not deliver the promised results.  Could China be the first country to scrap Keynesian economics?    Patrick Barron

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