Ronald Coase on China's Economic Transformation

As a graduate student, I was introduced to the influential work of Ronald Coase, the Nobel-prize-winning economist.  Coase was 101 at the end of December and, incredibly, is still active.  Here is a video of him giving a speech, just before his 101st birthday, on China's amazing transformation over the past three decades (hat tip to my colleague Graham Brownlow).

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