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Tuesday, January 17, 2012

Birth of the chinese economy

This is an interesting story from NPR Planet Money about Chinese farmers who collaborated on a secret free market experiment.
"In 1978, a group of farmers in a Chinese village called Xiaogang wrote a secret contract and hid it in the roof of a mud hut. They were afraid the document might get them executed. Instead, it wound up completely transforming the Chinese economy."
Posted by Matt at 20:52
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Labels: business, incentives, lessons, trivia

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