CHO SOON

One pursues economic theory in too extreme an extent he is likely to be in trouble; you have to consider the reality and blend what you observe as reality with an ingredient of theory, and a little, just a little bit ahead of the time, then you are likely to succeed.

The Confucian culture really did contribute to the initial face of the industrialization of several Asian countries because it emphasized discipline and group behavior and so on, which was needed to initiate the industrialization process.

Most academicians are not too good politicians. Schumpeter, for instance, was a great economist, but he didn't do too well as minister of finance for Austria

The Confucian culture really did contribute to the initial face of the industrialization of several Asian countries because it emphasized discipline and group behavior and so on, which was needed to initiate the industrialization process.

Most academicians are not too good politicians. Schumpeter, for instance, was a great economist, but he didn't do too well as minister of finance for Austria

One pursues economic theory in too extreme an extent he is likely to be in trouble; you have to consider the reality and blend what you observe as reality with an ingredient of theory, and a little, just a little bit ahead of the time, then you are likely to succeed.