Economics, Applied: A Global Commonwealth, If You Can Keep It, Part 2

China’s scientific and technological innovation appears to have skyrocketed in the 21^st century. Is it real or illusory? Does it rest on homegrown talent? 

Move past the short cuts and the social media noise, and fuller pictures emerge.

On October 12, Hoover Institution Senior Fellow Robert E. Hall was awarded the 2026 Nobel Prize in Economic Sciences alongside Michael Woodford for groundbreaking research that transformed economists’ understanding of how the total mass of individual household and business decisions shape the broader economy.