The Chinese Academy of Social Sciences prof. focus on: take-home pay; safety net; targeted, time-limited incentives; wealth effects; imputed rent; services pivot; paradox of thrift; consumer finance.
The underlying assumption here is the eternal validity of “economic laws”. These “laws” are identified and codified by an analytic that stems from postulates of western thinkers. Unlike the uncoverings of Euclid or Newton, these economic “laws” lack verifiability and universality in any space-time continuum. They are mere presumptions from which multiple non-unique “solutions” to economic problems can be derived.
But they do not provide complete solutions to human happiness and flourishing. I count on the genius of Chinese civilization, its thinkers, leaders and the common people to continue the iteration to find the appropriate actions to take in the reality that they are a part of.
The underlying assumption here is the eternal validity of “economic laws”. These “laws” are identified and codified by an analytic that stems from postulates of western thinkers. Unlike the uncoverings of Euclid or Newton, these economic “laws” lack verifiability and universality in any space-time continuum. They are mere presumptions from which multiple non-unique “solutions” to economic problems can be derived.
But they do not provide complete solutions to human happiness and flourishing. I count on the genius of Chinese civilization, its thinkers, leaders and the common people to continue the iteration to find the appropriate actions to take in the reality that they are a part of.