The Economic Value of Public Goods
Thaddeus Neil Cummins
Economic GPS, Denver, CO, USA.
DOI: 10.4236/am.2014.518272   PDF    HTML   XML   3,092 Downloads   4,228 Views  


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.

Share and Cite:

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

Conflicts of Interest

The authors declare no conflicts of interest.


[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.

Copyright © 2023 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.