Karen Berman and Joe Knight published paperback with the title above at Harvard Business Press. 2008 $24.95 It is recommended even though it is a refresher for those who have had finance and economics courses already.
During the time of financial crisis,it would be timely to read such paperback for knowledge to spot assumptions,estimates and biases as educated guesstimates.
Cash Flow is the darling of Wall Street. Warren Buffett has been looking at cash all along becausde it is the number least affected by the art of finance. My comment: It is finesse as well in light of the drama being revealed nowadays.
Prof. Robert Shiller published a magnum opus in Washington Post,Sept.28,2008 page B1,B4 OUTLOOK Section. My comments are as follows:
Socio-Economics would mean the application of economics in a society to be evolving with ethics and morality as I sent my blogs in the past.
The title "The Evolution of American Capitalism" is over-simplified per se. We must know that pure market forces are not working in America and positive/negative externalities must be understood. All nations have both public and private sectors for the economy regardless of the so-called economic systems.
Prof. Richard T. Gill published textbooks with graphical presentations i.e. The demand and supply curves to correspond with the points of Production/Consumption Possible Curves to see the ideal situation of a society. Human behavior and lifestyle of the people must be taken into consideration to evaluate or predict the future success or failure of a nation. The present events in USA and in China may be witnessed in terms of the positive or negative sides of human nature. Morality and ethics of folks in the institutions should be stressed for contemporary society. Confidence should be promoted in education with faith in belief. Financial democracy would mean the education and training of leaders in finance to pursue the public interest with private interest as incentives. The right mix is the balance of both sectors to reach the optimum.
Francis Shieh a.k.a. Xie Shihao on Sunday,Sept.28, 2008 at 2 p.m.
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