Singaporean diplomat Kishore Mahbubani, a canny and controversial prophet with a creative mind says that Americans and Europeans should lose their arrogance and those in China and in Asia should step up to the role of global leadership. My comment: English-speaking folks in USA and in Europe should learn Chinese and folks in China should learn English for true understanding of culture from the original source materials in the 21st century. Dean Mahbukbani is a galling scholar with gimlet-eyed view to be aware of vacuous and hypocritical Western value as some others would perceive such in the conceptual generalities.
"My life as a Quant" by Emanuel Derman. Wiley.com for info. To wit:
The hardest of all sciences(physics) to the soft(economics) However,we must try to bridge and two cultural gaps with surprising humanity apropos of the Chinese language and philosophy. Chinese scholars are not degree-oriented in the past history but status is still in vogue from tradition.
My own reflection apropos of degress in higher education with humor:
Bachelor is single,not married.
Master is the one who can master a subject matter as a specialist.
Ph.D. is a learned scholar,a doctor of philosophy but not a medical physician. By definition,a Ph.D. holder is a researcher by virtue of his pursuit of knowledge re science in different catagories. The main achievement of a Ph.D. is the completion of a piece of original research with creativity as described in a doctoral dissertation. Any theory may be rejected,modified or accepted in an academic community. "Work and Study Cycle Theory" is accepted because it is confirmed by conventional empirical evidence of being relevant.
Physicists know the difference between a fundamental theory and a phenomenological toy,useful though the latter may be. Trained economists have never seen a really first-class model. It's not that physics is better,but rather that economics is nebulous! In economics,researchers who value assets based on their ephemeral opinions(sic). Every economic axiom may b demonstrably incorrect... The real question is how wrong is the theory, and how useful is it regardless of its validity. Sounds ambiguous. Well,it is meant to be!
Francis Shieh a.k.a. Xie Shihao, a student trying to find economics in headlines and in our daily living. April 25, 2008 at 1.10 p.m.
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