Then we are going to apply them to the other areas,

Microeconomics .. and those actors could be firms, could be people, it could be households.

THE ENVlRONMENT INFLUENCE

That is

What can your country leverage that into? This is the fulcrum you need to get back into the world economy as a manufacturer.

And that is reflected in the kinds of situations that you see.

And we've heard a lot about how economies function.

A nice thing. If you haven't seen it yet, come and experience the Solidarity Economy.

And macro economics is probably more guilty of it.

With the Put Out system?

Let us take a look at the world situation today.

Economic development forum.

Inin energy, and logistics, and finance.

But today, finally, after economic reforms, and economic growth,

My topic is economic growth in China and India.

Economic games. So what we do is we go into two areas.

Econometrics package

Von Mises, interestingly, believes economics is just a subset of psychology.

In the 1990s, North Korea lost its old mentor, the Soviet Union.

How much do you prefer a first born son?

The topics range from math

Simple economics.

No, I'm agreeing with you, but I went through all this with Walt.

It matters because this is a democracy.

Here's the key question.

That has the whole quality movement has risen with the service economy over the past 20 or 30 years.

a latticework on which to hang your ideas.

Economics is the study of economic mechanisms.

Then the other thing happened.

They wanted us to be concerned about social issues.

We were having negative per capita growth.

The lowest percentage of entrepreneurs starting businesses.

On paper the country was doing great.

Here's the overall picture.

Then the economy boom!

Well the economy, you know, so....

Economic meltdown.

Not with the market the way it is, no.

And how does that .. does that affect prices and markets, and whatever else.

Goldman Sachs has projected that China, the Chinese economy, will surpass that of the U.S. by 2027.

Whatever it is, whatever this new economy is, what we need the economy to do, in fact, is to put investment back into the heart of the model, to re conceive investment.

When you explain change for example, economic growth economic growth is about change when you explain change, you use other things that have changed to explain change, rather than using the constant to explain change.

And the United States up there is getting for longer life, keeping family size.

Whether it's national economics, family economics, or personal economics, it's not something where sloppy accounting is good enough.

The second thing is that the Chinese economy passes the U.S. economy in, let's say, 2030, which it may it, that will be a measure of total economic size, but not of per capita income won't tell you about the composition of the economy.