Choices in energy regulation, particularly whether and how to price externalities, can have widely different distributional consequences both across and within income groups. Traditional welfare theory focuses largely on effects across income groups; such "vertical equity" concerns can typically...

China's re-emergence has been treated mostly from economic and political standpoints. This article integrates these perspectives with a review of China's modern history of research and development (R&D). It starts with a brief retrospective of China's efforts in science and technology before the...