I'm after something that covers Chinese state spending on infrastructure and fixed capital since the world financial crisis - can anyone recommend anything for me?
Just read
Globalization and the Postcolonial World by Ankie Hoogvelt - not a bad summary of the development of the world economy since the second world war but at times the arguments are hard to follow and I wasn't always satisfied that they really justified the conclusions. The stuff about the 'new information economy' (ie. that information and knowledge are more important to the creation of value than labour) wasn't convincing at all and the Chapter on the Islamic revolt is poor in hindsight too, massively underestimated it and seemed a bit sneering especially where he claims that the 'lumpen intellectuals' who lead it can't take it anywhere because they are outside academia.
Capitalism and Freedom by Milton Friedman - know your enemy. It's probably the worst book I've ever read. Full of logical inconsistencies and circular arguments. Can't believe that some people actually take it seriously.
The Poverty of Development Economics by Deepak Lal - again, know your enemy - he's better at pretending his propaganda is serious scholarship than Friedman but it's still shit. Claims import tariffs in India distorted the market and export incentives laid on top exacerbated it, yet when talking about essentially similar measures in South Korea he claimed the export incentives were 'market conforming' as they 'corrected' the distortions created by the import tariffs. He does this so that he can claim in SK the two canceled eachother out so it would have been exactly the same without state intervention, presumably because SK was considered an economic miracle and India, well, wasn't. He also claims not to advocate laissez faire but rather second best welfare economics - ie. that market imperfections are inevitable and in deciding whether to take state action you should do a cost-benefit analysis to weigh up whether interventions aimed at negating the imperfection will create new, bigger ones. But he always, every time, concludes that they will and so ends up advocating laissez faire anyway.
Oh, also recently read
Making English Morals by MJD Roberts. Didn't like that much either
Basically makes a Habermas type argument that moral reform associations created civil society - a public space, free from the influence of state and market, in which rational critical debate could take place, but this was destroyed later when state and market began to encroach on it. Completely ignores the fact that it was never free of state or market interference and that the majority of the population never had access anyway. No comment on what the objects of moral reform thought about it either. Useful as a history of the groups themselves and of middle class intellectual opinion at the time but not a lot else.