Chapter 2435 Academic Exchange Meeting Between Two People

The meeting place with Lazear, Chairman of the White House Council of Economic Advisers, happened to be in an Italian restaurant in Georgetown, and Feng Yiping arrived there in no time.

The restaurant is next to the river, and there is a riverside square not far away. In the center of the square is another huge oval pool with great views.

Of course, despite the great views, it would not be very comfortable to sit at an outdoor table between the Potomac River and the pool on such a day.

But there are still many people who choose to sit outdoors, and they seem to enjoy it, and from time to time they make scissor hands to the camera of their companions opposite.

Feng Yiping was just lamenting that it turns out that not only is dressing only about demeanor, not temperature, but eating is also like this. A person stood in front of the table and greeted him, "Hello, Mr. Feng!"

Feng Yiping looked up and stood up with a smile, "Hello, Professor Lazear, please sit down,"

This is a man who should be less than 60 years old, but you can tell at a glance that he is an old man.

He looks a bit like an older version of Professor X, with a bald head. Feng Yiping is really worried about the heads of American men. Paulson, who I talked to for a whole morning, didn't have much hair. Stephen, who I had lunch with, didn't have much hair. The man I met in the evening, his hair, just like the rationality of those guys on Wall Street, didn't exist at all.

But as far as Feng Yiping knows, the old man is not yet 60 years old.

This is a professor who can truly be called a prolific writer. He has written many books and hundreds of papers. His most famous book, which is also his representative work, is "Economics of Personnel Management".

He also became the founder of the theory of personnel economics.

He is very famous in the international labor economics community and has won many awards including the Adam Smith Award - the Adam Smith who wrote "The Wealth of Nations".

Former Federal Reserve Chairman Greenspan also won this award.

He was elected a fellow of the Econometric Society in 1988 and a member of the American Academy of Arts and Sciences in 2000.

He was a professor at Stanford University and the University of Chicago, and he was also a consultant to many national government agencies.

In 2005, he was appointed as a member of Bush Jr.'s tax reform advisory body, where his extensive knowledge and profound insights into economic affairs impressed his superiors. So, at the end of January 2006, President Bush Jr. nominated him as the chairman of the President's Council of Economic Advisers, replacing Bernanke, who left to succeed Greenspan at the Federal Reserve.

Some people have compared the performance of the two Bush presidents in office, and concluded that the father scored points in diplomacy but lost points in economy; the son not only encountered obstacles in diplomacy, but was repeatedly questioned for being very incompetent, but the domestic economy performed well.

People attributed a large part of his achievements in economy to Edward Lazear.

In short, this is a well-known economist with real talent.

Lazear is also observing this young man who is much more famous than himself internationally.

The slim blue suit and the tie with white dots on a blue background of the same color make him young and elegant.

And it's not as boring as his own.

He has read Feng Yiping's Blue Ocean Strategy, but what he values ​​more is Feng Yiping's own practice of Blue Ocean Strategy.

This is a rare example in the academic world that can perfectly practice one's own theory and achieve amazing results.

As a result, some people's doubts have been effectively dispelled. Whether it is whether Feng Yiping is the real author of the Blue Ocean Strategy or whether the Blue Ocean Strategy has practical significance, they all shut up in front of Feng Yiping's achievements.

As for him personally, he is convinced that Feng Yiping, who has achieved such high achievements in both academics and business during his university years, is undoubtedly a genius.

And he is a genius among ten thousand.

Although he is regarded as the founder of the theory of personnel economics, that was his work after he became a professor for several years, and from the current point of view, the scope of application of his theory is indeed not as wide as that of Feng Yiping's Blue Ocean Strategy.

His theory is generally more suitable for application in enterprises, while the Blue Ocean Strategy has been successfully applied in many institutions outside enterprises.

"Please call me Edward," said Razil.

"Just call me Feng," Feng Yiping also said, "Professor, I have repeatedly studied your human resources management economics and tried to make some applications. The results are extraordinary. I really hope that in the future, I will have the opportunity to ask the professor to teach our employees about this knowledge,"

"That's my honor," said Razil, "I have also repeatedly read your blue ocean strategy. I have to say that in terms of relevant interest, you are far ahead of many of us,"

"In this regard, even Bernanke can't compare with you. He can only convert complex economic terms into plain language, while you can convert those terms into more interesting and easier to understand language,"

Bernanke: Why am I being shot again?

"Thank you, but professor, this is a rare opportunity. Can we skip these directly..." Feng Yiping gestured between the two of them.

They don't actually need to flatter each other now, and it also wastes time.

"Haha, you're right," said Razil with a smile.

"So I am very curious, why are you so sure that this crisis has not passed and will end before the end of 2009?" he asked.

"Because..." Feng Yiping repeated what he had just said to Paulson that morning, "...so I think that by the end of 2009 at the latest, at least the United States will be able to get rid of the impact of the subprime mortgage crisis. The data will recover or be close to the level at the end of last year or the beginning of this year.”

Raziel thought for a while, "You mean, you mean that the United States got rid of the influence of subprime mortgages in 2009, but it does not include other countries?" Raziel noticed the subject of Feng Yiping's words.

"I think so, because we all know that not all countries are as powerful as the United States, and more importantly, not all countries' currencies can have the strong status of the U.S. dollar,"

"From a macro level, the subprime mortgage crisis is just an introduction, an introduction that can trigger deep-seated economic contradictions in various countries, so the results will naturally be different,"

Raziel nodded, "I understand,"

He looked at Feng Yiping with admiration.

Because he knew that behind Feng Yiping's words, it meant that he or his team had conducted in-depth analysis of the economic conditions of many countries in the world.

“I hope to see your paper analyzing this situation soon,” Raziel said.

"We may publish part of it in cutting-edge magazines, or we may not publish it. It will only be used as our internal learning and research materials." Feng Yiping said.

"Yes," Raziel nodded, "I forgot, you are not like us, you don't care about this,"

"The main reason is that I am not rigorous enough and worry that some of my opinions may be biased and may make people laugh," Feng Yiping said with a smile.

In fact, Raziel was right, he didn't care about this for a long time.

He has already earned enough academic reputation.

Moreover, why should my views, which are absolutely correct, benefit everyone?

Well, at this moment, he suddenly had an idea.

But he quickly put that idea aside, "Professor, we are now encountering such a problem, especially some of our company's top managers. In the future, they will not be able to be promoted within the company, and their salary levels are already sufficient. Gao, then, how do you think we should motivate them?”

"In this regard, I think we can still use deferred compensation as an incentive. You see, it is like this..."

As he specializes in medicine, Raziel was able to answer such questions easily and answered several related questions from Feng Yiping in succession.

Then, Raziel asked Feng Yiping a few questions about blue ocean strategy and big data, just like this, which made the meeting between the two of them feel like an academic exchange meeting.

Just like that, at least one group of people had changed on the table next to them, and they hadn't finished their main courses yet.

Raziel finally asked Feng Yiping a question, "Since the last century, there have been very big differences between the political and academic circles of the United States and China on China's exchange rate issue. How do you personally view this issue?"

This is a big problem.

A crucial question that would determine Raziel's attitude towards him.

It's a question that's even harder to answer.

ps: I actually made it before 11:30. I feel that I am really diligent and worthy of everyone’s reward and encouragement with lovely votes.