Will a Growth Miracle Reduce Debt in Japan?

This is the title of a new paper by Selahattin Imrohoroglu and Nao Sudo.

Inequality in US and India…

Gulzar points to rising inequality in US. Forget inequality between rich and poor. The gap is widening between mere rich and uber -rich.

Estimating software piracy in China

David Leonhardt of NYT points to this interesting way of estimating software piracy in China.

There is a belief that China is a leader in software piracy. But this is just a hypothesis. How can you test it?

Leonhardt says look at the sales of hardware vs software. China is 2nd in the hardware list ($64.4 bn) and 8th in the software industry ($5.4 bn). The difference is too large  – $ 59 bn. It implies China is buying its computer hardware and copying much of its computer software.

The post led to some interesting comments: