This issue of the Cato Journal is dedicated to William Niskanen, who passed away on October 26, 2011, at the age of 78. From 1985 to 2008, Bill served as chairman of the Cato Institute and a full-time economic scholar. He continued working as chairman emeritus and distinguished senior economist until his death. He was also on the editorial boards of Regulation magazine and the Cato Journal.
This is a valuable book for anyone who wants to gain an understanding of the key forces that have made China the world's second largest economy and opened the door for millions of people to lift themselves out of poverty. The book is divided into four parts, with the first three devoted to economic analysis of China's peaceful rise and the fourth reflecting on the U.S. economy and its future.