Learning & Attention

All I need to learn well is: pay attention. ATTENTION is the most important in learning. Thinking damages my attention. Stop thinking in learning.

Stop all talkers and listeners

Stop all talkers and listeners. Live in the present. That is a years problem . I must solve it now. Clean my mind.

I Ching

I Ching is so great. There is never a book amusing me that much.

Kun: When there is hoarfrost underfoot. Solid ice is not far off.
Man achievews the height of wisdom when all that he does is as self-evident as what nature does.

Value

The thing behind choices are VALUE.
An economist must know about value. Unreal things are of no value.

Reason of Viet Nam's economic woes

- Credit growth
- Trade deficit
- Food and energy prices
- Surge in capital inflows

About 1997 crisis

Total-factor productivity (TFP) addresses any effects in total output not caused by inputs or economies of scale. For example, a year with unusually good weather will tend to have higher output, because bad weather hinders agricultural output. A variable like weather does not directly relate to unit inputs, so weather is considered a total-factor productivity variable.

The equation below (in Cobb-Douglas form) represents total output (Y) as a function of total-factor productivity (A), capital input (K), labor input (L), and the two inputs' respective shares of output (α is the capital input share of contribution).

Technology Growth and Efficiency are regarded as two of the biggest sub-sections of Total Factor Productivity

Total Factor Productivity is often seen as the real driver of growth within an economy and studies reveal that whilst labour and investment are important contributors, Total Factor Productivity may account for up to 60% of growth within economies.