Economics is an inexact science

In spite of the stock market going down yesterday and the increasing cost of food and energy lately,Robert Fogel,Nobel Laureate in Economics comments: "This optimistic view of the impact of economic growth and technological change of human welfare is an antidote to the prophecies of an imminent age of gloom and doom." Such statement is made for "The Improving State of the World: Why We're Living Longer, Healthier, More Comfortable Lives on a Cleaner Planet" by Indur M. Goklany. You are the Judge to endorse one view or the other. Such work is published in paperback 1-930865-98-8 $19,95 My comment:"ren zhe jian ren, zhi zhe jian zhi" in Pin Yin system of romanization apropos of the Chinese characters to get the true meaning from the original source. Xie Shihao a.k.a. Francis Shieh on Friday,July 27, 2007 at 5.26 a.m.