Notice of RetractionOn people-oriented economics

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

This article holds that economic development is a subjective activity of human beings for satisfying their own demand and realizing their own development, therefore, economics is a ldquodiscipline on humanrdquo concerning human demand, human economic activities and human development, but not a pure ldquodiscipline on materialsrdquo studying allocation, movement and mutual relationships of various production means/elements. Modern economics has presented some tendency of deviating from human interests, and modern economics has also developed a theoretic framework of stressing materials while neglecting human´ and an orientation of ldquomaterializing human beingsrdquo, which should be rectified and updated. Economics should stress the study on human´s creative labor and senior personal demand and establish a new theoretic balanced model centered on human´s creative labor.