The Logic of Subjectivity

Not much time to think about non-translating things right now, but these caught my eye.

It seems David Brooks is on to my new ideas and even sees a place in the world for me!

My sense is that this financial crisis is going to amount to a coming-out party for behavioral economists and others who are bringing sophisticated psychology to the realm of public policy.

While I may be focusing on entrepreneurial subjectivity in the Chinese periphery, I still think there is something to be said generally for looking seriously into HOW people perceive risk and stability and commit Errors of Perception that can being entire economies to their knees. All this is about HOW you look at the problem, according to Brooks. POINT: Subjectivity Matters.

And Tom Friedman usually makes me feel good about studying entpreneurialism.

Ultimately, we can’t bail our way out of this crisis. We can only grow our way out — with more innovation and entrepreneurship, which create new businesses and better jobs.

This editorial has a very good illustration of what government-held banks may mean for the future of financial risk-taking and credit. 'The new, the small, the foreign and the risky' are all at serious risk of becoming categorically un-creditworthy in the new world order. The US Congress will generally engage in risk-averse behavior and could get itself into some pretty sticky favors or even outright corruption. POINT: Protect Entrepreneurialism and Innovation!