This chapter offers a retrospective account of Baumol's contribution in light of its influence on economics and entrepreneurship studies. The first section describes the core arguments of his original paper. The second section discusses its impact on the entrepreneurship discipline. Following...

Chapter 1: Introduction: Hayek and Chinese Liberalism -- Chapter 2: The Road to Serfdom and Cold War Liberalism in Taiwan and Mainland China -- Chapter 3: “China’s Hayek” and the Liberal Lessons in Gu Zhun’s Thought under Totalitarian Rule -- Chapter 4: True Individualism, Dispersed...

Using $2$20 (purchasing power parity) per capita daily income as the definition of middle class, majority of households in the Peoples Republic of China (PRC) have become middle class by 2007, which is especially impressive given that around 40% of households were still considered poor in 1991....