Books recommended as best sellers: :
1. Karl Marx: Capitalism with K as the initial. The financial meltdown crisis appears to be the vision of Marx. The readers are entitled to make own analysis.
2. John Kenneth Galbraith: The Great Depression of 1929: The Harvard Professor analysed American Economy decades ago. A book review of "Almost Everyone's Guide to Economics" was published by Atlantic Economic Journal, Sept.1979 and may be searched online. Prof. Galbraith regarded Greenspan as an investment banker with private interest and Greenspan admitted his error recently to validate the criticism by Galbraith. Such view is included in "Keys to Economic Understanding" www.ask.com or www.Amazon.com for reference.
3. Paul Krugman: "The Great Unreveling" The Nobel Laureate in Economic Science blamed Bush for his failure to be the leader and he urged USA to include China as an important nation in global economy. His view can be reinforced by another Nobel winner George Stigler in his book entitled "Three Trillion Meltdown" to my best recollection.
I wish to mention the first Nobel Winner Tinbergen in 1969 for his "Theory of Convergence" to be validated and implemented of the so-called two systems i.e. capitalism and socialism with insightful observation nowadays. I would use Socio-Economics or the combo of public and private sector as we are witnessing the modifications in America today. Moreover,Prof.Schumpeter predicted that Socialism as the wave for the future when he was asked by students at Harvard. He made his interesting remarks:"My prediction is not necessarily my preference." aprops of capitalism and socialism as a conservative economist.
Perhaps "Work and Study Cycle Theory" Cf. www.ask.com may be validated and implemented in all nations since education and training are needed to enhance productivity in all nations for economic development. There is no label for being conservative or liberal in this respect. Such is my personal viewpoint re Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao,a student of economics to learn from other economists and to share their views with readers.
Sunday,Oct.26,2008 at 7 a.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment