Transitional or Evolutionary Economics as evidence nowadays

Sequel to Professor Ferguson's article about China as published by The Washington Post,OUTLOOK section on Sunday,September 21, 2008.
In light of the current happenings apropos of Global Economics,Adam Smith's "Wealth of Nations" may be updated with the attention to China's Economic growth. Positive and negative externalities should be noted under the present circumstances since the markets are not perfect and the role of the government is needed as per the message from President Bush on September 19, 2008.

The classical school of the market economy (with a kind of awe) would require modification in all respects. However,the Chinese language is as classical as Greek and as contemporary as any modern language being spoken by more than 1/5 of the folks in the world. Cf. "A Glimpse of the Chinese Language" www.rand.org for reference. It is well known that foreign language is needed for diplomacy with impact in Economics when communication is essential for trade and business in the 21st century. Sino-American Economics with the pitch from the Chinese language may be detected with insightful knowledge as empirical evidence in the days to come.

Francis Shieh a.k.a. Xie Shihao, a lifelong learner of economics and the Chinese language,a graduate student from Shanghai,China in 1947 on Monday,September 22, 2008 at 6.40 a.m.