The Forum

A place where the Thoughtful Conversations can thrive.

Thursday, 30 November 2006

Institutions, Education and Economic growth: the ambiguous interplay

Forthcoming soon...

Challenging pre-comments welcome

Wednesday, 29 November 2006

Is this is the right deffinition of sufficient economics?















I found this comments on the definition of so-called 'Self-sufficient economy' in this link of wikipedia;

http://en.wikipedia.org/wiki/Localism_(Political_Philosophy).

I dont know who post this but I'm quite confident that this is the huge misunderstanding.
What should be the right definition of this philosophy, I am searching for it, what about your idea? Lets get this misunderstanding right soon.

... Localism as a Political Philosophy
The anomaly case in Thailand, for example, there has been the misunderstanding among Thai people that Localism is one of the economic schools of thought. What Thai people know as His Majesty the King's "Self-sufficient economy" is Localism. The public have been stormed with the monarchy propaganda to believe that Localism is the best economic school and must replace capitalism. [citation needed] Actually, it is just populism.[4] In reaction to the Prime Minister Thaksin Shinawatra pro-capitalism regime, the king Bhumibol Adulyadej proposes the idea of Localism to influence localism movements and public opinion to criticise against various proposed mega projects of the prime minister. The idea is also encompass the Buddhism principle and continuely illustrates the downsides of capitalism that make it popular among Thais. Even it is the big misunderstanding but scholars in Thailand are afraid of Lese majeste law and public pressure, which make them silent. [citation needed]....