Masters: Western Macroeconomic Theory Was Largely Inapplicable to China
Seth Masters · Seth Masters – Investment Polymath (Capital Allocators, EP.38) · Jan 29, 2018 · at 10:21
Former AllianceBernstein CIO Seth Masters reflects on his experience teaching Western economics to government officials in China during the early 1980s.
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“Macro was actually almost useless for people in China because it was all based on a set of institutions that didn't exist there, and actually still don't in many ways.”
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