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Yet mental brilliance and argumentative rigour is not everything in political economy: you need good assumptions.
The implicit assumption (and Xinhua, which has a direct line to the Communists who run the country, tends to make good assumptions in such matters) is that the time to merge the foreign and domestic classes of shares is nigh.China has argued that it needed to keep foreign investors at bay while its young markets took root.
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Is that a good assumption?
"That's not a good assumption".
"That's a good assumption, yes," he said.
That's probably a good assumption under most circumstances.
For now, that is probably a good assumption.
Now, that's a good assumption to make about Latin American culture, except my family is not religious!
"He is assuming that Hispanics will vote for the Hispanic, and that is a good assumption if they vote at all," said the legislator, who is a Democrat.
Paterson seems to be hoping that if he waits it out long enough, apathy will prevail, which seems like a pretty good assumption.
They conclude that the belief that the net savings rate "will remain constant and positive in the twenty-first century does not appear like a good assumption at all .Ironically, however, Messrs Krusell and Smith make some strange assumptions of their own.
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Justyna Jupowicz-Kozak
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