04/07: My view of China Economy (0)

Introduction
For the year 2007, I decided to start reading the book: , which is written by N .Gregory Mankiw. This book most likely is for colleague undergraduate course. It is a great book! If you feel you want to change your mind to think as an economist or a financial analysist, start reading the book! Though there are about 800 pages in the book, so far I really enjoy reading it.

The ten principles of economics are:
1. People face tradeoffs.
2. The cost of something is what you give up to get it.
3. Rational people think at the margin.
4. People respond to incentives.
5. Trade can make everyone better off.
6. Markets are usually a good way to organize economic activity.
7. Governments can sometimes improve market outcomes.
8. A country's standard of living depends on its ability to produce goods and services.
9. Prices Rise when the government prints too much money.
10. Society Faces a Short-run tradeoff between inflation and unemployment

While I am reading the book, I cannot help thinking of China economy by applying the theories I learned from the book. Suddenly, I had an interesting idea: Why not, as my own exercise, write down my thoughts about China economy as a record? Maybe one day I can re-examine my thoughts based on the statistic data available or the reality fact to see whether they are correct.

In addition, my web domain name is lookatchina.com; however all the content so far has not much to do with "look at China". So I guess by writting down my thoughts of Chna economy, I can finally put up something that is really about looking at China!

Well then, it is time to take actions!

John  economy  1 comment only?!