Professor Robert Shiller of Yale published his article apropos of Financial theories. Robert Merton and Mron Scholes have been working to build better risk management systems but to little avail. John M. Keynes published "General Theory" in 1936 and Francis Shieh developed "Work and Study Cycle Theory" in 1978 for adult workers to continue their education in community colleges to be trained to supply the ever-changing market demand. It is especially valid in the evolving 21st century from empirical evidence i.e. more workers are reentering training programs to validate and implement such work and study cycle theory. A good theory should be useful and a bad theory may be discarded. (paoqi in Pin Yin) Thanks for your undestanding of an idea to be developed to a theory thereby to be valid and implemented.
Xie Shihao on Sunday,September 28, 2008 at 3.35 p.m.
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