Friday, April 18, 2008

Economics: A very short introduction by Dasgupta

Published by Oxford University Press. 2007

How economics uncovers and explains the processes that shape our lives. It reveals insights of problems and solutions.

We could conclude from the world value -savvy tenet for economic growth and other scenarios for good things in life.

We would stress our "xin xin" i.e. confidence as we trust the paper money and other financial instruments as valuable in life. Ponder such philosophically for enjoyment.

Thrifty culture maybe inaugurated for economic progress in terms of investment in human capital by means of work and study cycle theory. Education and training would increase GDP but lifestyle would be more significant for the way of life. Wisdom savvy?

Sacred values differ from material or instrumental ones by incorporating moral beliefs that drive action in ways dissociated from prospects for success. Devotion to core values such as the wellbeing of family and country or commitment to spirituality,honor and justice ought to be absolute and inviolable. Such values outweigh other values, particularly economic ones. Think hard and get the gist of it.

Francis Shieh a.k.a. Xie Shihao on April 18, 2008 at 7.28 a.m.

No comments: