Economists are everywhere China fact of the day

North Korean-trained economist Zhang Dejiang is expected to head the largely rubber-stamp parliament, while Shanghai party boss Yu Zhengsheng is likely to head parliament’s advisory body, according to the order in which their names were announced.

Tianjin party chief Zhang Gaoli and Liu Yunshan, a conservative who has kept domestic media on a tight leash, make up the rest of the group.

And who said education doesn’t matter?

The story is here, via Emily Kaiser.

Comments

Considering that North Korea is one of China's wost worrisome problems, it is no surprise at all that someone with familarity of North Korea is now in a position of over-arching authority.

After all, it isn't as if millions of North Koreans are going to try to flee south any time soon - but they are already straining China's shared border regions, and have been for years.

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Is it just me, or does "North Korea-trained economist" sound like some kind of hilarious oxymoron? Like "Mongolian-trained navy officer" or "Vatican-trained stripper"?

I guess a North Korean economics education might be useful: send a promising student to study there, then tell him "now do the exact opposite of what they taught you."

Mongolia is a flag for a large % of the world's merchant fleet

Plus, land-locked countries are allowed to have navies.

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I'm actually surprised I had to go all the way back to May of this year to find the most recent actual Vatican sex scandal.

http://www.guardian.co.uk/world/2010/mar/04/vatican-gay-sex-scandal

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The guy studied in North Korea for a couple years over three decades ago, at the very start of economic reforms. It's a red herring - Tyler's just using an irrelevant fact about a middle aged Chinese apparatchik - who almost by definition have biographies steeped in the communist past - to continue his ritual bashing of that country.

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"Comrade, in America they increase pay by mandating higher minimum wage. Here, we increase pay by decreasing labor supply through "caloric attrition.""

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As Alex once said on Econtalk "Don't confuse education with schooling".

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Wasn't that Mark Twain?

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Sorry, no. Engineers everywhere. I'm hoping that their market share in leadership falls below, say, 70 percent. Twenty percent economists may be enough to tip them away from command and control and towards incentives and social welfare.

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Sorry, no. Engineers everywhere. I'm hoping that their market share in leadership falls below, say, 70 percent. Twenty percent economists may be enough to tip them away from command and control and towards incentives and social welfare.

(sorry if this appears twice)

Yes. Chinas growth record is truly awful. What if it could have matched that of countries who accepted IMF interventions.

I would guess the signaling model of education drove the demand for engineers, and the reforms will drive the demand for economists.

Yeah, why else would a rapidly industrialising nation need engineers?

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japans imfamous miti didnt include any economists and was mostly run by lawyers until the 80s, once the economists came things started to sour funnily enough.

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Education has always mattered. However some people think they are educated just because they went to university.

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