The Primacy of Political Economy in Asia

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It’s a complicated subject, this thing we call Economics. I don’t always know what it means.

I remember once talking to Robert Kuok about it. His reply was (and I paraphrase from my vague memory of that conversation): “Economics is simply about living, isn’t it? As you live, you learn to live – that is economic knowledge”.

That is the gist of what I understood from what he said. I offer my apologies if I misunderstood his point. But what I understood then made sense to me. In fact, his description comes very close to the original meaning of the term. “Economics” has Greek origins, coming from the word okionomia, which means “household management”.


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