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Full-Text Articles in Social and Behavioral Sciences
How Big Is Your Share Of Government Debt?, Dean D. Croushore
How Big Is Your Share Of Government Debt?, Dean D. Croushore
Economics Faculty Publications
In evaluating the government's financial position, taxpayers need to account not only for its debt, but also for its ownership of tangible assets. Each taxpayer has a share of the government's net worth that is positive; however, the share was larger 10 years ago. While the real net debt tripled, this huge rise in government indebtedness generated no similar gain in government assets. Taxpayers will be paying interest on this debt with little hope of higher future returns from government assets to help pay it off. It is recommended that the government adopt a capital-budgeting system. This system would change …
Jevons's Applications Of Utilitarian Theory To Economic Policy, Sandra J. Peart
Jevons's Applications Of Utilitarian Theory To Economic Policy, Sandra J. Peart
Jepson School of Leadership Studies articles, book chapters and other publications
The precise nature of W. S. Jevons's utilitarianism as a guiding rule for economic policy has yet to be investigated, and that will be the first issue treated in this paper. While J. A. Schumpeter, for instance, asserted that 'some of the most prominent exponents of marginal utility' (including Jevons), were 'convinced utilitarians', he did not investigate the further implications for Jevons's policy analysis.1