Re: The New Economics?

[Jean-Marie Gogue <jmegogue@wanadoo.fr>]

On Sat, 14 Jul 2001, Hanching Chung <demingtw@ms17.hinet.net> wrote:

>One of our friends asked us to think why Dr. Deming using The New Economics
>for his book title. This is the question I think about since 1995. I came
>across
>to one letter to the editors of Business Week and he made one point somehow
>similar with Dr. Deming on AT& T. (perhaps). I like to invite your comment.

What does the word "Economics" mean? You will probably answer that
Economics is an applied science, designed, developped and taught by experts
named: "economists". Most of them are legitimated by the fact that they
teach Economics at an university.

There are many economic theories. In my opinion, they derive from two basic
theories whose "flags" could be John Maynard Kaynes and Milton Friedman,
but none of them have achieved a significant breakthrough ahead of these
two basic theories.

None of them... except for the Deming theories.

Unfortunately Dr. Deming was not a professor of Economics at an university,
and consequently the recognized economists don't accept him as a peer.
Let's be clear: nobody in the community of "economists" think that TNE is a
book of Economics. Maybe some of them think that the title is a joke.

The Deming followers should demonstrate that TNE is really a book of Economics.

Best wishes,

Jean-Marie Gogue
Versailles France
jmegogue@wanadoo.fr