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Full-Text Articles in Public Affairs, Public Policy and Public Administration

Government Regulation And The Cost Of Housing, Murray L. Weidenbaum Dec 1977

Government Regulation And The Cost Of Housing, Murray L. Weidenbaum

Murray Weidenbaum Publications

One of the important factors in the rising prices in the housing market is the array of government regulations facing land developers, homebuilders, and financial institutions. Not all government regulation is bad, but the costs are often simply passed along to the consumer, essentially as a "hidden tax." This paper examines the various effects of housing regulation and outlines the procedures for change.

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The 1978 Economy: Outlook And Policy, Murray L. Weidenbaum Nov 1977

The 1978 Economy: Outlook And Policy, Murray L. Weidenbaum

Murray Weidenbaum Publications

This economic forecast examines trends within the major sectors of the economy to make predictions about how the American economy will fare in 1978. The overall outlook is relatively tame. The real economic growth rate will average about 4.5% in 1978 with inflation a little under 6% and a moderate decline in unemployment. All in all, 1978 is predicted to be a stable period of modest growth and prosperity.

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Economic Restraints On Reduced Energy Use In Agriculture, Lowell D. Hill Oct 1977

Economic Restraints On Reduced Energy Use In Agriculture, Lowell D. Hill

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

Many of the popular suggestions for improving energy use under mechanized agriculture would result in a reduction in total food supply or they are in conflict with economic decisions. This paper examines several of these suggestions and identifies the economic limits to their implementation. The choice of food products or techniques of production must be evaluated in the context of all uses of energy. Only a market system is capable of permitting every consumer to express his preferences for the infinite array of foods and energy uses.

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The Opec Oil-Pricing Policies, Vaman Rao Oct 1977

The Opec Oil-Pricing Policies, Vaman Rao

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

The capital-theoretic model suggested for determining the price- quantity combinations does not hold in the case of most natural resources, including petroleum, since the inelastic demand function would vitiate the optimal solution. The specification of a dynamic demand function, with necessary, attributes, no doubt, results in a valid optimal solution in period t, but that could be achieved only at the cost of sub-optimal solution in other periods. If the OPEC starts behaving as a discriminating monopoly, instead of as a pure monopoly, the optimal solution is assured in all markets and in all time periods.

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Theoretical And Empirical Approaches To The Analysis Of Opec, Albert L. Danielsen Oct 1977

Theoretical And Empirical Approaches To The Analysis Of Opec, Albert L. Danielsen

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

Formal theoretical models of world oil price determination have been developed in recent years. In addition, some empirical estimates of expected future prices have been proposed. This paper explains how exhaustible resource and cartel theory are integrated into the opitmal control framework. Some empirical studies in the optimal control tradition are surveyed and evaluated.

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The Energy Needs Of The Developing Countries, Vaman Rao Oct 1977

The Energy Needs Of The Developing Countries, Vaman Rao

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

The energy needs of the developing countries are enormous. They will grow with the passage of time as the pace of economic development accelerates and those countries enter the industrial epoch. The sheer physical non-availability of coal and petroleum to most of them makes it obligatory to choose an unconventional resource as an energy-base. The nuclear fission is the only option now available which is feasible, less-expensive and plentiful. Solar and fusion may be the ultimate sources in the steady state, when appropriate technologies are developed.

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The Political Economy Of Opec, Loring Allen Oct 1977

The Political Economy Of Opec, Loring Allen

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

The Organization of Petroleum Exporting Countries (OPEC) is a part of the hard reality of the present and future energy position of the U. S. It burst upon the world scene in 1973 in response to long years of shabby treatment by the oil companies and oil-importing countries. Through cooperation in the exercise of their sovereignty over oil deposits, OPEC members have extracted increasing revenues through restricting production and raising price. Although serving its own interests, OPEC benefits also the rest of the world, even though its presence portends a shift in the world balance of power.

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Some Financial Implications Of Divestiture Legislation, John Griffith, Jack W. Waldrip Oct 1977

Some Financial Implications Of Divestiture Legislation, John Griffith, Jack W. Waldrip

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

Those critical of divestiture legislation emphasize both the relative lack of concentration and the advantages of grouping the development of two or more energy materials under the management of one corporate business. Many of these arguments are extremely difficult to evaluate without harder evidence than appears to be available at present. This paper purports to deal with some of the financial and legal consequences of different possible methods of accomplishing divestiture.

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Economics And Net Energy Analysis: Is A New Analytical Technique Needed For Energy Decision Making?, William J. Kruvant Oct 1977

Economics And Net Energy Analysis: Is A New Analytical Technique Needed For Energy Decision Making?, William J. Kruvant

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

The paper attempts to evaluate the claims of Net Energy Analysis (NEA) against those of economics in a reasonably comprehensive way. The principal problems of NEA concern system boundaries, aggregation across fuels, valuing external effects, valuing human labor and valuing time. These problems seriously limit the contribution Net Energy Analysis can make to allocation decisions, and allocation Is the central problem of energy policy.

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An Overview Of Potential Impacts Of Changing Petroleum Energy Prices On Grain Farms, Jean-Paul Chavas, James B. Kliebenstein Oct 1977

An Overview Of Potential Impacts Of Changing Petroleum Energy Prices On Grain Farms, Jean-Paul Chavas, James B. Kliebenstein

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

Since the early 1970s world fossil fuel energy prices have risen dramatically. Assuming there is no significant breakthrough in en- ergy technology, the world will see further increases in energy prices. These changes will likely lead to economic adjustments in U. S. agriculture. A firm level linear programming model is used to evaluate what some of these adjustments could be on a Missouri grain farm. To obtain expected energy price affects on production mixes, energy prices are changed parametrically. Potential crop adjustments are from corn to single-crop soybeans to wheat as energy prices increase. Fertilization adjustments are from chemical to …

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The Impact Of Changing Net Returns On Minimum Energy Requirements For Grain Farms, James B. Kliebenstein, Robert M. Finley, Douglas C. Farthing Oct 1977

The Impact Of Changing Net Returns On Minimum Energy Requirements For Grain Farms, James B. Kliebenstein, Robert M. Finley, Douglas C. Farthing

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

With sources of energy more restricted and higher priced, optimal combinations of enterprises must logically be considered on the basis of energy efficiency. One method of ascertaining this efficiency is to optimize solutions for given levels of income on the basis of energy used (e.g., the objective function was in terms of energy kilocalories). In general, soybeans were most feasible at lower levels of income regardless of farm size and labor circumstance. As income levels increased, double-cropping (wheat soybeans) was first substituted and finally corn at highest income levels.

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Government Regulation And The Slowdown In Innovation, Murray L. Weidenbaum Oct 1977

Government Regulation And The Slowdown In Innovation, Murray L. Weidenbaum

Murray Weidenbaum Publications

The excessively rapid expansion of government regulation of business is slowing down the rate of innovation and scientific progress in the United States. The answer is not to eliminate all forms of government regulation, however. Rather, the sensible approach is to reform the existing array of regulation so as to achieve important social objectives with fewer of the adverse side effects.

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Strategies For Business Survival In A World Of Government Intervention, Murray L. Weidenbaum Sep 1977

Strategies For Business Survival In A World Of Government Intervention, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum points out that the future of the economic system depends on government policies and their effects on business.

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A Fundamental Reform Of Government Regulation, Murray L. Weidenbaum May 1977

A Fundamental Reform Of Government Regulation, Murray L. Weidenbaum

Murray Weidenbaum Publications

During the past few years, the American public has been alerted to the problems and shortcomings of government regulatory activities. The Regulatory Reform Act of 1977 provides a platform for modernizing and improving government activities that have profound repercussions for all of society. It should be supported and enacted accordingly.

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Corporate Planning Versus Government Planning, Murray L. Weidenbaum, Linda Rockwood Mar 1977

Corporate Planning Versus Government Planning, Murray L. Weidenbaum, Linda Rockwood

Murray Weidenbaum Publications

This paper discusses the differences between business planning and national planning and how to decide which works best for the overall economy.

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The Case For Tax Loopholes, Murray L. Weidenbaum Mar 1977

The Case For Tax Loopholes, Murray L. Weidenbaum

Murray Weidenbaum Publications

Contrary to popular belief, tax expenditures or "loopholes" can in fact be useful. Given that the prompt elimination of large government deficit financing and pervasive government regulation is unlikely, tax expenditures may serve as a more sensible, second-best alternative. Indeed, tax expenditures (or incentives) may serve a variety of public purposes, ranging from promoting business investment to encouraging private, voluntary organizations. Typical tax expenditures tend to benefit the middle and lower income groups and should be considered an important alternative to achieve important government objectives.

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A Comparison Of Defense And Welfare Spending In The United States And The United Kingdom, 1946-1976, James L. Clayton Mar 1977

A Comparison Of Defense And Welfare Spending In The United States And The United Kingdom, 1946-1976, James L. Clayton

The Journal of Sociology & Social Welfare

One of the most important and absorbing questions of our time is whether governments should extend or retrench their efforts toward assisting people who do not seem to be able to make it on their own. Those who believe that governments should expand their programs to help the needy argue that a compassionate and affluent society has both the ability and the responsibility to do so; those who believe that governments have already pushed too far and too fast argue that the advance of the welfare state must be halted. Closely related to this basic disagreement is the question whether …

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Social Welfare As A By-Product: The Effect Of Neo-Mercantilism , David Macarov Mar 1977

Social Welfare As A By-Product: The Effect Of Neo-Mercantilism , David Macarov

The Journal of Sociology & Social Welfare

During the eighteenth and nineteenth centuries mercantilism was a predominant philosophy, theory, or guide to action in many western countries. Emphasis on measures leading to national wealth was pronounced--in some cases, almost exclusive--and the results for social welfare were marginal programs at best, and anti-welfare programs in some cases. In contradistinction to individual needs or aspirations, considerations of national wealth and power were paramount to the point that, in Britain at least, it seemed that here was "nothing to fight for, nothing to support, nothing to augment but.. .commerce." Whether national wealth was seen as leading to national iower, or …

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The Costs Of Government Regulation, Murray L. Weidenbaum Feb 1977

The Costs Of Government Regulation, Murray L. Weidenbaum

Murray Weidenbaum Publications

Overregulation of business causes extra costs to the consumer. For the public good, government needs to find sensible and moderate means of regulation in order for business to fulfill its basic economic function.

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Industrial Resources - Garrard County - Lancaster, Kentucky Library Research Collections Jan 1977

Industrial Resources - Garrard County - Lancaster, Kentucky Library Research Collections

Garrard County

“Industrial Resources: Lancaster, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning, and the Garrard County Chamber of Commerce,1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

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Industrial Resources: Hopkins County - Madisonville And Earlington, Kentucky Library Research Collections Jan 1977

Industrial Resources: Hopkins County - Madisonville And Earlington, Kentucky Library Research Collections

Hopkins County

"Industrial Resources: Madisonville and Earlington, Kentucky" prepared by the Kentucky Department of Commerce Division of Research and Planning in cooperation with the Greater Madisonville Area Chamber of Commerce and the City of Earlington, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, education and health facilitates, housing, communications, recreation, natural resources, markets and climate.

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Industrial Resources: Harrison County - Cynthiana, Kentucky Library Research Collection Jan 1977

Industrial Resources: Harrison County - Cynthiana, Kentucky Library Research Collection

Harrison County

"Industrial Resources: Cynthiana, Kentucky" prepared by the Kentucky Department of Commerce Division of Research and Planning in cooperation with the Cynthiana- Harrison County Chamber of Commerce 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

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Industrial Resources: Graves County - Mayfield, Kentucky Library Research Collections Jan 1977

Industrial Resources: Graves County - Mayfield, Kentucky Library Research Collections

Graves County

“Industrial Resources: Mayfield, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning, and the Mayfield – Graves County Chamber of Commerce,1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

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Industrial Resources - Fulton County - Fulton, Kentucky Library Research Collections Jan 1977

Industrial Resources - Fulton County - Fulton, Kentucky Library Research Collections

Fulton County

“Industrial Resources: Fulton, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning, and the Fulton – South Fulton Chamber of Commerce, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

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Industrial Resources: Henry County - Eminence, Kentucky Library Research Collection Jan 1977

Industrial Resources: Henry County - Eminence, Kentucky Library Research Collection

Henry County

"Industrial Resources: Eminence, Kentucky" prepared by the Kentucky Department of Commerce Division of Research and Planning in cooperation with the Eminence Chamber of Commerce, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, education and health facilitates, housing, communications, recreation, natural resources, markets and climate.

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Industrial Resources - Fulton County - Hickman, Kentucky Library Research Collections Jan 1977

Industrial Resources - Fulton County - Hickman, Kentucky Library Research Collections

Fulton County

“Industrial Resources: Hickman, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning, the Fulton County – Hickman Chamber of Commerce, and the City of Hickman, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

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Industrial Resources: Bullitt County - Shepherdsville, Mt. Washington, And Lebanon Junction, Kentucky Library Research Collections Jan 1977

Industrial Resources: Bullitt County - Shepherdsville, Mt. Washington, And Lebanon Junction, Kentucky Library Research Collections

Bullitt County

“Summary of Industrial Resources: Shepherdsville, Mt. Washington, and Lebanon Junction, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

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Industrial Resources: Calloway County - Murray, Kentucky Library Research Collections Jan 1977

Industrial Resources: Calloway County - Murray, Kentucky Library Research Collections

Calloway County

“Industrial Resources: Murray, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning, and the Murray Chamber of Commerce, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

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Industrial Resources: Pulaski County - Somerset And Burnside, Kentucky Library Research Collections Jan 1977

Industrial Resources: Pulaski County - Somerset And Burnside, Kentucky Library Research Collections

Pulaski County

"Industrial Resources: Somerset and Burnside, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning in cooperation with the Somerset-Pulaski County Chamber of Commerce and the Burnside Area Chamber of Commerce, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources,markets, and climate.

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Industrial Resources: Owsley County - Booneville, Kentucky Library Research Collections Jan 1977

Industrial Resources: Owsley County - Booneville, Kentucky Library Research Collections

Owsley County

"Summary of Industrial Resources: Booneville, [Kentucky]" prepared by the Kentucky Department of Commerce, Division of Research and Planning, Frankfort, Kentucky, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

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