"We discuss monetary thought in ancient China from the perspective of Western monetary theory. It sets out the … structure of economic activity in the various dynasties of ancient China and emphasizes the differences in monetary structure … from Europe (and later North America). Imperial China was a politically integrated structure with regional segmentation of …

than below one. We use time series data on labor's share in GDP to estimate a substitution elasticity for China, finding … role of factor substitution in future Chinese growth. We argue that high growth in China can be supported in such a … sustainability of high Chinese growth. -- China ; growth ; sustainability ; substitution elasticity …