by Summary:
A short and insightful explanation of developing an economics with Chinese characteristics. Chinese economists recognize that there are universal elements underlying economics as a science, and they also recognize that there are temporal, historical, cultural, and civilizational factors affecting the study of economics. Conventional Western economics emphasizes the former and downplays the latter, so while there are things that Chinese economists can learn from Western economics, Western economics is incomplete as it stands and is currently practiced. Therefore, Western economics needs to be supplemented by adding factors it ignores or downplays to make it more complete universally and also to adapt it particularly to non-Western conditions. ECNS (Chinese official English news service)(W.
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A short and insightful explanation of developing an economics with Chinese characteristics. Chinese economists recognize that there are universal elements underlying economics as a science, and they also recognize that there are temporal, historical, cultural, and civilizational factors affecting the study of economics. Conventional Western economics emphasizes the former and downplays the latter, so while there are things that Chinese economists can learn from Western economics, Western economics is incomplete as it stands and is currently practiced. Therefore, Western economics needs to be supplemented by adding factors it ignores or downplays to make it more complete universally and also to adapt it particularly to non-Western conditions.A short and insightful explanation of developing an economics with Chinese characteristics. Chinese economists recognize that there are universal elements underlying economics as a science, and they also recognize that there are temporal, historical, cultural, and civilizational factors affecting the study of economics. Conventional Western economics emphasizes the former and downplays the latter, so while there are things that Chinese economists can learn from Western economics, Western economics is incomplete as it stands and is currently practiced. Therefore, Western economics needs to be supplemented by adding factors it ignores or downplays to make it more complete universally and also to adapt it particularly to non-Western conditions. ECNS (Chinese official English news service)(W.
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