Just published by Public Affairs in New York, May 2008. $22.95 Soros is the founder of network to supporting open societies with the same rationale of open university concept for lifelong learning without walls. "Work and Study Cycle Theory" is related to such educational innovation. www.ask.com for reference.
It is a fascinating book. Soros' unique blend of philosophy engagement, financial experience, and political passion yields a harvest of insights and perceptive comments. - Foreign Affairs.
Page 131: The Oligopolarization of America - i.e. merger mania as Professor John K. Galbraith envisioned decades ago.
Soros stated: "In my judgment, China will sail through the current financial crisis and subsequent recession with flying colors and gain considerable relative strength.
Page 130: China is exerting considerable influence on other emerging economies.
Page 151: We plan to support various training schemes. "Keys for Economic Understanding" has elaborated various training programs to enhance productivity. www.ask.com.
In the conclusion:"Now the equilibrium theory has shown itself to be such a failure at both prediction and explanation, the field is more open. Economic developments could disrupt the world economy. Here we can detect political economy in action with multi-disciplinary approaches.
Page 157: We are facing a period of greatly increased uncertainty. J.K. Galbraith published "The Age of Uncertainty" several decades ago with his vision. Cf."Almost Everyone's Guide to Economics" Book review was published by Atlantic Economic Journal,September 1979. Such may be searched online.
Soros' theory of reflexivity is to be tested since there is no clear-cut answers. I would reiterate the humorous expression:"There are those who don't know and those who don't know they don't know." However,Soros is one of the astute observers of knowledge in the field of finance and economics with analytical ability par excellence!
Francis Shieh a.k.a. Xie Shihao, a student learning happenings on daily basis. May 10, 2008 at 1.05 p.m.
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