“温 良 恭 俭 让”

选自于:<论语·学而> 解读:人要学会温和、善良、恭谨、简朴、谦让.即:做人一定要有美好的德行.其实这正也是自古以来的做人之本.     

经纪人、交易员、律师和间谍

金融危机过后，“华尔街阴谋论”逐渐盛行起来，可惜都是臆测居多，缺乏真凭实据。而本书的作者以真实的访谈入手，揭出CIA等情报机构与华尔街银行合作的种种细节，可谓匠心独具。     

House prices, money, credit, and the macroeconomy

This paper assesses the links between money, credit, house prices,and economic activity in industrialized countries over the lastthree decades. The analysis is based on a fixed-effects panelvector autoregression, estimated using quarterly data for 17industrialized countries spanning the period 1970–2006.The main results of the analysis are the following. (i) Thereis evidence of a significant multidirectional link between houseprices, monetary variables, and the macroeconomy. (ii) The linkbetween house prices and monetary variables is found to be strongerover a more recent sub-sample from 1985 to 2006. (iii) The effectsof shocks to money and credit are found to be stronger whenhouse prices are booming.     

Assessing black progress: employment,occupation, earnings,income, poverty

Farley discusses changes in employment, occupation, earnings, income, and poverty among US blacks. Among black men, there has been a persistent rise in unemployment since 1960. By the early 1980s, 1 black man out of 8 had dropped out of the labor force, compared to 1 in 20 white men. Some contend that many black men lack the skills to be employed or have personal habits and criminal records which make them unacceptable to employers. Others believe that the expansion of federal welfare programs offers attractive alternatives to men who have limited earnings potential. Still others stress that blacks are concentrated within cities, while the growth of employment is occurring in suburbs. Among those blacks over age 54, labor force participation has declined because of improved Social Security benefits, better private pensions, and the greater availability of Supplemental Security Income. The employment of young blacks compared to whites has deteriorated since 1960. For both races, there has been a steady rise in the employment of women. The recent increases, however, have been great for whites. By the early 1980s, white women caught up with black women in terms of employment. Unlike the indicators of employment itself, there is unambiguous evidence that the occupational distribution of employed blacks has been upgraded and is gradually becoming similar to that of whites. Findings from many studies show that blacks once earned much less than similar whites, but this racial difference has declined among men and has nearly disappeared among women. The proportion of blacks impoverished fell sharply in the 1960s, reaching a minimum of 30% in the early 1970s. Since the early 1970s, blacks have made few gains. The proportion impoverished actually increased and the ratio of black-to-white family income declined. The fact that the earnings of black males are no longer rising faster than those of whites and that there is no longer a migration from southern farms to cities plays a role, but changes in family structure are also important. At all dates, poverty rates have been high and income levels low in families headed by women. In 1984, for example, 52% of the black families with a woman as head of household were below the poverty line, compared to 15% of the black married-couple families. While similar trends are occurring in white families, there has been a sharper increase in the proportion of blacks living in these female-maintained families which have high poverty rates.     

Sickness, absenteeism, presenteeism, and sick pay

The annual cost of absenteeism from the workplace in the UKhas been estimated to be over 1% of GDP. The traditional approachto a discussion of absence has been for the firm to passivelyaccept both wages and sick pay and allow workers to choose theirabsence behaviour. Most empirical research has been based onthis approach. However, if absence is costly why should firmspay extra-statutory sick pay? One reason may be the phenomenaof presenteeism (ill workers attending work). This may adverselyaffect productivity. This paper shows that allowing for presenteeismhas important implications for both the design of optimal wage-sickpay contracts and for the interpretation of empirical studies.Specifically, we show that firms will offer a level of sickpay greater than the statutory minimum.     

Investment financing, inflation, risks, and stabilization

This paper discusses financial problems of stepping up the investment process in Russia, approaches to intensifying financial redistribution, opportunities for using government savings to boost and upgrade economic growth, and suggests financial support measures for the modernization of the Russian economy.     

苏、浙、沪、京、粤、鲁高技术创新比较分析

根据研究分析的目的不同，R＆D强复的计算公式也可以不同，可以是R＆D投入除以GDP，也可以是R＆D投入除以产值，还可以是R＆D投入除以产品销售收入，在研究技术创新能力时，用得较多的是R＆D投入除以产品销售收入。R＆D投入是从事技术创新活动的基本条件，也是决定技术创新成功与否的重要因素。2002年6省市R＆D投入从大到小为：     

Capitalism,competition, cooperation

Summary As the pace of globalization quickens, firms are up against a proliferation of actual and potential competitors. Meanwhile, competition between nations and regional groupings is heating up, and there is a whole strand of thought that looks at the struggle between different types of capitalism and socio-economic systems. Such a rivalry may lead to beneficial effects, but in many cases interdependence does not automatically produce order. In the search for the public iinterest, there is a need for cooperation to generate a degree of trust and consensus that is superior to what can be expected from the various forms of capitalism.Inaugural Francqui Lecture, 8/2/1994. Université Libre de Bruxelles