A culture of Candor started with our own behavior and Economics is a behavioral science. Human behavior can never be quantified per se.(sic)
1.Truth is desideratum but may be a natural instinct of good and honest folks.
2.To create the conditon for folks to be courageous with fortitude.
3.To challenge assumptions with innovation to validate the beloved equilibrium to all economists.
4.Understanding is nuanced and multi-faceted with diversity of intangile asset for the bet fit.
5.Transparency is the creation of transparent culture of the minds and hearts.
6.Default to sharing information for understanding human behavior to break boom and bust cycles as reasoned by Yale economist SHiller and endorsed by independent student of economics SHieh. (S for Sincerity i.e."Zhencheng" and H for Humility"qiangong".) Pin Yin system of romanization of Chinese is inserted here in quotes"""" for an opportunity to know the phonetic equivalents of four Chinese characters for cultural understanding.
Page 66: Trust: Values, ethics and morality for qualitative research of eclectic approach from Adam Smith plus Confucianism with an analytic left-brain thinker plus an imaginative right-brain partner.
Washington Post,June 6, 2009 Page A13:
Alain Enthoven,a former RAND Economist published "Using Value to curb health costs." as the talk of the nation nowadays.
Value is the value as an individual sees fit for whatever as his/her value.
Page B2: Reflections on Obama's Speech with his value concept to Muslim world.
Martin Luther King Jr. sought to bridge the great divides of his age by challenging the dominant paradigm and lifting up a new framework. That isn't a black vs. white world but a "live together as brothers or perish together as fools" world.
I would like to add brown color for all folks in USA with all colors as Americans by face value. Such value is the value as folks see it with an image of positive or negative value.
In Cairo,President Obama made his most King-like speech with his concept of value to bridge one of the great divides of our age - between the United States and the Muslim world of folks with either black, white or other mixed colors all over the world. Our world is surely colorful with colorful lives of all peoples in all nations.
Francis Shieh aka Xie Shihao,a lifelong student to learn from all folks of all colors with due respect for equilibrium of humanity on earth.
Saturday,June 6, 2009 at 3.36 p.m.
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