Economics is a type of philosophy,but it is more like a kind of methodology.Even if you do not need to apply sophisticated economic models,you could still explain the interesting society in economic logic.How could an economics student do it?I would take my experience as an example. One of my friends in physics department from Nepal plans to organize a festival to express their gratitude to their professors,during our conversation,he implies to me that he wishes to indirectly make some
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Every time,when I go through some reputed journals for the latest researches,I am annoyed by changeable complicated mathematical models.This point has severely hindered me from absorbing the essence of economics,because three is no a non-fixed and uniform economic model adopted in the circle of academicians.It is really unlike physics or other natural sciences,in which there are many classical equations commonly accepted among all researchers.When it comes to economics,you always get confused why it has been changed into a new model under one researcher’s context,when another one It is partially compiled from "Financial Survey Report Of USA" What is meant by economic crisis? Explain the nature and causes of financial crisis that rocked the world in 2007-2008? What is meant by economic crisis: A recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.A recession generally lasts from six to 18 months, and interest rates usually fall in during these months to stimulate the economy by offering cheap rates at which to borrow money. Economist Simon Kuznets argued that levels of economic inequality are in large part the result of stages of development. According to Kuznets, countries with low levels of development have relatively equal distributions of wealth. As a country develops, it acquires more capital, which leads to the owners of this capital having more wealth and income and introducing inequality. Eventually, through various possible redistribution mechanisms such as social welfare programs, more developed countries move back to lower levels of inequality. These days,in an enough space,opening the window to guide golden sun into room,I went through series of speeches made by central bankers from many countries.Generally speaking,you may evaluate a governor of central bank depending on his qualification,or professional experience.However,I think speech is the most straightforward approach to getting some ideas about a central banker.Different central bankers have different preferences towards the form by which speech is made. From 12:00 AM to 5:30 PM,I have been a guest of Mopin festival celebrated by Galo tribe people in Arunachal pradesh of Northeastern India.As for the origin of it,it should be a symbol of good harvest,defeat of evil,good wishes and so on.I appreciate the diversity of culture,language,costume,food,etc,because identity is an essential element for cooperation and mutual trust.
When some strangers ask me about any basic knowledge about China or other international issues,I am really reluctant to respond to them with good mood.Some of them ask me what the currency in China is?Or which language you are speaking?Or what the population in China is?I reply to them to explore your answers by Google instead of wastage of time.When you do not have any basic background of other countries and international issues,it is quite difficult to communicate with each other under any context.It seems that those people are making topics to approach to you,but it is unwelcome from any angle.It is similar to this occasion that one person asks you what the prime minister of India is,after you get the question,your response is to laugh to death. I read books and articles written by professor Amartya.Sen,especially,his capability approach to economic development.His well-known statement that human development means freedom expansion directly changes our perspectives of thinking about economic development.Sometimes,the economic philosophy is made as an excuse for stagnant democracy in many highly-developing countries. |
AuthorI witness my living society, from birth to death.This is my whole life. Archives
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