Economics has been thought with private interest covered with the assumption of self-centered approach. It is my intent to break out such narrow view and would propose a new framwork that is compatible with realities for true value in the name of humanity in USA and in China with the mantra: We,the People...and "Yirenweiben."
The vital concepts of fairness,commitment,human dignity,free will and decent motivation are to be incorporated in contemporary economics with more nobler and humane perspective.
The relationship between the role of the public and private sectors demand new insights for socio-economics of employment and international trade. "Keys for Economic Understanding" is hereby dedicated for training and retraining in light of current state of the economy in USA and in China. Cf.www.ask.com for reference.
Francis Shieh a.k.a. Xie Shihao,a lifelong student of economics exploring the changing nature of economics in the 21st century with new vision if warranted. July 18, 2008
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