Economic Policy

Download Apple for President!: An Essay by William Keiper PDF

By William Keiper

Even if the name Apple for President! is, i am hoping, a little bit provocative, the subject material is critical. As voters, we will be able to not stand round passively hoping new fiscal platform will someway spontaneously take form and lift us out of our financial problems. Our government's unapologetic habit to borrowing and the pervasive monetary demanding situations of a lot of our voters are transparent signs of the significance of the problem. Our present type of government-operating less than an analogous constitution first followed while our structure was once ratified in 1788-has now not stored up with the complexity and velocity of our instances. as a result, no person president-no topic how tremendous or proficient with management and different skills-can convey the way in which ahead within the construction of a brand new financial platform. we want a versatile democracy to fulfill the demanding situations of the days. making a shift of the importance now required will necessitate utilising the easiest of our political management and the easiest of our deepest area acumen and brilliance--all within the provider of reengineering our govt and economic system. Apple for President! is an concept whose time has come. Award-winning writer and grasp game-changer William Keiper, presently has one other best-selling ebook: existence Expectancy: It's by no means Too overdue to alter Your video game.

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In next section, we refer to Harris and Todaro [2] as a basic dualistic economy model. 3 derives equilibrium of model and analyzes the effects of some parameters on equilibrium using comparative statics. In Sect. 4, some policy parameters are introduced into the model; we consider the effects of some economic policies on the urban unemployment rate and other endogenous variables. Finally we conclude the analysis of this chapter. 2 The Model We consider a dualistic economy model constructed by Harris and Todaro [2].

Under social optimum. Therefore, SH . /o and SF . 42) 28 Fig. 2 Case of T. 38), the following social welfare function is given as W. / D Co . Here we define Co , o o / . 43) N as follows. 43), W. / is the function of and . 7 W 00 . / is negative if is larger than . Consequently, W. / is concave with respect to . In addition, W. 5 because of the first-order condition. Consequently, the dispersion equilibrium is optimal in this case (Fig. 2). However, if is smaller than , then W 00 . / is positive.

I/ represent the consumption of manufactured goods produced by the i-th firm. Moreover, we define P as the price index of the manufactured goods market. 4) as follows. i/ C cP 1 For a detailed explanation of this utility function, see Ottaviano, Tabuchi, and Thisse [5]. 2 Here we assume that the initial endowment is sufficiently large. 5) 20 T. Naito Price index P of the manufactured goods market is defined as shown below. 5), the indirect utility function of household l is the following. 2 Production Agricultural Goods Next we consider the supply side including the manufactured goods sector and the agricultural goods sector.

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