Reflection of Premier Wen's speech at Cambridge University,UK for US reference

Adam Smith: "The Wealth of Nations" is the well-known contribution in Western economics. But Adam Smith was a professor of moral philosophy. Here we can detect the need of ethics and morality in economics.

Premier Wen pointed out the need of cooperation and collaboration of UK and China and vice versa for mutual benefit for the wellbeing of peoples in the world re globalization to resolve the issues of financial crisis at the present time. US has cultural tradition with UK as known in history for Anglo-American background.

Confucianism is the custom and tradition of China to be spread to Japan,Korea with aphorism of responsibility of individual,family and to the nation.

It is our great mission to strive to the ideal goal for reconciling the West and the East in the field of economics for welfare of humanity.

I have sent my previous blogs re confidence,ethics and morality. Premier Wen's theme does dovetail with the essence and substance of economics and philosophy of life.

Francis Shieh a.k.a. Xie Shihao in Shanghai,China on February 3, 2009 at 9.58 a.m.