Saturday, July 21, 2007

Economists on the loose by Prof.Williams of George Mason University

Washington Times, July 21, 2007 page A11: In economics departments, a growing will to debate fundamental assumptions. Cf. New York Times, July 11, 2007. For many economists, questioning free market orthodoxy is akin to expressing a belief in intelligent design at a Darwin convention: Those who doubt the naturally beneficial workings of the market are considered deluded or crazy. Criticisms of mainstream economists are viewed negatively. Economic planning is done by the powerful elite. The large majority of economists are solidly in the mainstream of mankind's traditional vision. My comment: Would lifestyle of the people in China is different from the habits of Americans? Should Sino-American economics be studied from the custom,tradition and culture of folks in China and in the United States? My rationale rests here for the readers to ponder with thoughts. Xie Shihao a.k.a. Francis Shieh. July 21, 2007 at 10.18 a.m.

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