Work of Wulf-Soulage endorsed by German economics professor

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Work of Wulf-Soulage endorsed by German economics professor

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PRESS RELEASE – Since the former university lecturer and Voice contributor, Clement Wulf-Soulage published “Market Economy” in 2011, it has drawn praise from critics and colleagues alike both in Germany and here in Saint Lucia.  By all accounts, this book is a lively and able, if familiar, account of market capitalism and its intrigues.

In commemoration of the island’s 36 years of independence, the publication was featured at the literary arts exhibition at the Blue Coral Mall earlier this year.

More prominently in 2013, the book’s publisher, Optimus Scientific Publishing, listed it among its ten bestsellers (more details available at http://www.optimus-verlag.de/Bestseller_Dissertation_veroeffentlichen.html)

However, the biggest accolade of them all was from Prof. Dr. Joachim Ahrens, Head of International Office and Professor of International Economics at the Private University of Applied Sciences in Göttingen Germany, who recently released the following after a three-week review of the author’s work, currently listed in the German National Library: “Students and practitioners who wish to improve their economic literacy skills will greatly benefit from reading and working with this book. Market Economy provides broad insights into numerous aspects of international economics, the functioning of markets, and the role of companies and the government therein. Readers with diverse backgrounds such as economics, business studies, political and other social sciences will enjoy using this book — either during a course or self-study phases. Clement Wulf-Soulage provides interesting and modern texts, helpful exercises, and useful questions for exam practice.”

Wulf-Soulage has since expressed great pleasure and jubilation at such a review coming from a German economics professor who himself is an author and has taught political economics at several universities including the European Business School international university in Germany.  Following research affiliations at Harvard University, the Hoover Institution/Stanford University, and the University of California/Berkeley, Professor Ahrens worked as an economist at the Asian Development Bank in Manila.

An official press release earlier this year described the book’s contents as follows:  “Market Economy” is a business textbook dealing with the functions and dynamics of the global market economy.  It is an attempt to simplify the complex terminology in the world of business and provide a linkage to the changing facets of modern business procedures.  As a suitable study reference, it has been brought up-to-date and the text refined to cover developments in economic policy and institutional changes over the last few years.

In essence, “Market Economy” encourages students to:  Apply knowledge and understanding of the dynamics of economic activity from a range of perspectives; and develop the ability to make effective use of terminology, concepts and methods.  Citing future opportunities in key global markets, Wulf-Soulage provides the context for the intersection of business, social investing, capital markets and the role of government”

With the recognition that globalisation recognises no borders in doing business – and is a vehicle for driving information technology, trade and foreign direct investments (FDI),  “Market Economy” acknowledges the inevitability and indispensability of capital markets and international trade flows as well as the expanding global nature of the business world.  In the book, the writer prominently features the Saint Lucian Nobel Prize winner in economics, Sir Arthur Lewis and attributes his work to the global realization that knowledge and human capital are the main determinants of economic  performance, and hence the key to economic development.

“Market Economy”, as well as the author’s second book, Management English Intelligence, are both available locally at Book Salon, Castries and from Amazon.de.

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2 COMMENTS

  1. Our economic model is always going to look like Mainland China's today, a special case of the theoretical pure market economy, or just a subset of the "mixed economy" model of the USA. Why?

    We have too many political distortions, like China with the accepted constant interference in the operations of the market. No political, and moreso, the population at large, together do not have any kind of sensitivity or even an awareness of the production issues of either effectiveness or efficiency. These terms do not enter any part of the vocabulary or the lexicon or verbiage of doing any kind of business in Saint Lucia whatsoever! They are not discussed in any form or fashion.

    Don't mention the risible, misinformed and misplaced call for productivity, with only a focus on blaming workers for the lack of it in the economy. This is as if national productivity is essentially a function of or depends only on labour productivity alone. Or, that the slave-like exhortations --- absent the combination or integration of other factors of production --- will usher in an era of productivity growth by beating on those operating in the domestic labour market alone,

    And we may not like the sound of this. However, the potential investor looking at the domestic labour market in Saint Lucia, will see such a high impact of and involvement of labour unions in our labour relations, so much so as to raise questions about the attractiveness of this locale, as opposed to others, for doing business.

    Next, and that is where preceding and current administrations continue to fail, is the great deficit in the creation of a labour force designed to meet the needs for investors of the 21st century. Our copycat version of the adoption of CIP has more of the downside corrosive political forces enshrined in it, than the observable developmental upsides that the USA's version in particular. Other countries have relevant significant modifications, as in some South American countries designed in, as people-oriented developmental imperatives.

    Already, the cracks and corruptive corrosive political downsides have appeared, with obvious greater party political motivations, rather than any developmental thinking in its current form. As the programme has rolled out, the nasty political fallout and individual benefits are more evident than are any considerations for the larger benefit for the people and wider population of Saint Lucia. This speaks volumes, clearly in terms of the intentions and state of mind of the framers, that those left out and NOT directly benefitting, will find highly disgusting, revolting and not least of all, unpalatable.

    Saint Lucia is now up for sale and for grabs. Already unfolding are the unsavoury diplomatic ramifications of external control, by clearly very questionable characters and international scumbags, with very deep pockets, going forward into the future. Thanks again to the SLP genius of its better days.

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