Page A1: As economic crisis peaked, tide turned against McCain. Obama won apropos of the economy. It is the economy! Smart with Know-all.(sic)
Page 23 "In 1968Robert F. Kennedy reminded Americans that the Dow Jones Industrial Average and GNP measure neither our national spirit nor our national achievement. Both metrics fail to consider the integrity of our environment, the health of our families and the quality of our education. As he put it, the GNP measures neither our wit nor our courage,neither our wisdom,nor our learning,neither our compassion nor our devotion to country. It measures everything in short, except that which makes life worthwhile." Think and ponder such deep thoughts!
My comment: Economics is related to philosophy of life as one sees it this way and the other person sees the other way. What is our goal in life? I questioned my students decades ago and the answer was money" but money is paper currency. It would be profound thoughtsin cosmology,ontology and epistemology. Moreover,asthetics asthe real enjoyment with extra dimension.
The Keynesian Cross is modeled after Aggregate Supply and AggregateDemand with the intersection re expansionary/contradictionary gaps to cause inflation or recession as the case may be. Let us watch the moving of the curves as empirical evidence in the field of economics.
Page B2: Chinese car sales cool off. Growth is forecast in thesingle digits as stock market plunges. Prperty prices drop and falling. Well,we detect the contractionary gap in the Keynesian Model with such movements.
Francis Shieh a.k.a. Xie Shihao,a student of economic philosophy today and tomorrow ad infinitum with passion.
November 5, 2008 at 2.40 p.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment