Chinese are also concerned about "Yi Shi Zhu Xing" in Pin Yin system of romanization i.e. clothing,food,lodging and transportation as well. NO FRILLS so to speak. A simple life is to be commended. The luster of high rollers is gone for most folks in USA and in China as well. A penny saved is a penny earned and a penny is worth more than a penny due to the high cost of copper. That may be regarded as "built-in interest" Hehehahahoho all the way and we shall strive to live to be centenarians.
That is the common ground for Sino-American economics during the times of financial crisis. As a matter of fact,the effects are being felt globally. China slowdown stunts entrepreneurs from happenings in Shanghai businesses as published in the Wall Stree Journal,March 27, 2009.
Those who have jobs and incomes are hoarding their money, fearful about the future especially the cost of education of their children. The following newly published book may be relevant to the situation now: -
An Australian economist Joshua Gans published "Parentonomics" MIT Press 231 pages $22.95
Do children respond to incentives? Sometimes. Incentives may be applied to all folks.
In my humble view,there may be the missing link of Economics and Languages since language is a means of expressions for communications.The reason: folks do use languages(either English or Chinese et al) to express their feelings especially during the financial crisis to vent their displeasure.
Perhaps "Lingonomics" may be in vogue in the real world nowadays. I have passion for languages as a lifelong learner but I am also interested in the myth of economics since early 1940s as a bi-lingual student of economics with exposures of both English and Chinese at St. John's University in Shanghai,China in 1943-1946. I earned my B.A. degree with more than 132 credits. Such linguistic synthesis i.e. "Zonghe" is warranted in my mind with fond memories.
Francis Shieh a.k.a. Xie Shihao on Saturday,March 28, 2009 at 11.02 a.m. Andrews Air Force Base Library to blog from my random thoughts and to extend invitatin to the readers for kind inputs for my musings.(profound thoughts i.e. "Sichao" in Chinese Pin Yin.
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