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The Economic Value of Public Goods

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DOI: 10.4236/am.2014.518272    2,646 Downloads   3,252 Views  

ABSTRACT

This paper explores US entrepreneurial history and public budgets from President Eisenhower’s election in 1952 until the beginning of the Obama administration 2008. A mix of market forces, structural changes and a tendency toward unfettered capitalism [1] challenge diagnosis. This analysis examines these complexities with 216 business quarters of economic history. It also provides a mathematical model to characterize in broad strokes positive governance modeling for business. This work is important as economic growth ensures a nation’s ability to protect its citizens.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

Cummins, T. (2014) The Economic Value of Public Goods. Applied Mathematics, 5, 2862-2865. doi: 10.4236/am.2014.518272.

References

[1] Hibbs Jr., D.A. (1993) Solidarity or Egoism. Aarhus University Press, Denmark.
[2] Volcker, P. (2008) Changing Fortunes. Random House, New York.
[3] Piketty, T. (2014) Capital in the 21st Century. Harvard Press, USA.
[4] US OMB Historical Tables, Budget of the US Government (2013) Fiscal Year 2013, USA.
[5] Jorgensen, P. (2008) Operators & Representation Theory. Dover, New York.
[6] US BEA (2013) US Real GDP by Year, USA.
[7] Becker, G.S. (1992) The Economic Way of Looking at Life. Nobel Lecture, Chicago.

  
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