This paper investigates the long first decade of reform in China (1978-1992) to show that Mises, in particular his initiating contribution to the Socialist Calculation Debate, became relevant to the reconfiguration of China's political economy when the reformers gave up on the late Maoist...

With insights into China's and India's histories, politics, economies and cultures, Bahl presents a well-written, fully documented, comprehensive account of the two countries' race to become the next global superpower. He argues that the winner might not be determined by who is investing more...