Friday, December 4, 2009

Reality Check in the real world in genuine economics

GREETINGS TO ALL READERS: It is said that the pragmatic school believes that globalization is the result of forces inherent in imperfect human nature with the behavior of homo-sapiens. To improve the world, one must work with on-going forces, not against them. Such being a world of opposing interests with conflict and contradiction without full realization of moral principles. The balancing of interests and precarious settlement of conflicts are being seen in daily happenings as the reality check.

Confucianism sees a system of checks and balances a universal principle for all pluralist societies with lesser evil rather than the absolute good. Let us witness the happenings.

The key concept for folks with practical interest is to seek political and economic clout. Every nation and every person pursues his/her self-interest instead of some abstract moral ideal but
Adam Smith is known to be an economist and a moral philosopher as well.

Francis Shieh a.k.a. Xie Shihao, a lifelong student of philosophy and economics to be applicable to daily living in USA and in China as I would envision with my thoughts above. Your feedback is cordially welcome.

Friday, December 4, 2009 at 10.56 a.m.

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