<blockquote>'Economics is not about goods and services; it is about human
choice and
action. The praxeological concept of time is not the concept of physics or biology. It refers to the
sooner or the
later as operative in the actors'
judgments of vaIue.'
- Mises, Human Action, p 491 (
pdf,
epub)</blockquote>
'..monetary policy is obviously the most talked about topic. This is a global trend rather than China’s. My observation is that the Chinese people are very sensitive to money printing..'<blockquote>'
Mises Institute: Are Chinese readers able to easily access Austrian books and articles in China or is the language barrier still a major concern?
Jing Jin: I would say the accessibility is pretty good. Quite a list of books by Mises, Rothbard and Hayek are already translated and anyone can find them on the biggest online bookstore in China. Some of their books have been reprinted many times and always sell out. There are also books by others such as Menger, Huerta de Soto, etc. More e-books are available online as well. In the academic circle, many can read English directly and use the website of the Mises Institute.
..
JJ ..When I was in banking, our team covered large Chinese institutions (mostly major Chinese banks) and later focused on their overseas financing activities. We had to monitor the overseas media coverage as well as academic research on China because these analyzes affect investors’ sentiment. Our experience with Chinese clients and markets have taught us that today’s China, despite still claiming to be a “socialist” country in name, is becoming incredibly business friendly and filled with entrepreneurial spirit.
However, the western mainstream media’s portrayal of China is entirely different. Comparisons of apples and oranges are commonplace, groundless generalization is ample, pure fantasies are not unusual and some comments simply take your breath away. … It’s almost like the mainstream media’s judgment of China had been pre-made before any evidence was collected. Their negative comments on China are simply several worlds’ away from what we see on the ground.
..
Macroeconomics is discussed in the mainstream media within the neo-classical framework, and monetary policy is obviously the most talked about topic. This is a global trend rather than China’s. My observation is that the Chinese people are very sensitive to money printing. Indeed, over two thousand years of the vicissitudes of dynasties and debasement cycles is more than long enough to build such sensitivity. This can also explain the long tradition of the Chinese people’s love for gold.'
-
Rothbard and Market Economics in China, May 2, 2015</blockquote>
Context 'Ethics is the primary .. to learn about ethics and about justice.'<blockquote>
(Praxeology) - '..Menger’s experience stressed subjective factors..'